Tuesday, August 10, 2010
$800 Towards Car Repairs
While dropping our oldest off at Camp Reed a couple of weeks ago, my husband accidentally hit an outcropping of rocks while making a sharp turn. Poor guy! He felt so bad (well, at first, he just felt mad!), but it was so tight in that darn parking lot.
While driving our van out to the body shop, we kept losing tiny pieces of stuff. We lost some kind of lining on Nevada street. Sigh. In the end, we needed a whole new front bumper and new windshield cleaner parts. Why on earth our windshield washer attachments are in our front bumper is beyond me, but then again I don't design cars:).
So here's how paying for this little mishap would have gone in the past: No money saved up for something like this, so either: A) Charge it! or B) Write a check from our HELOC. Thus adding more debt. But, alas, we have an emergency fund of $1000 for things such as this. Actually, we had $150 saved for car repairs, so it's good that we don't have to replace the entire $800 in our emergency fund, just $650. But now that's what we focus on-getting that fund up to $1000 again. That is where all our extra money goes now, not on debt. When we're back up to $1000, we're set again to dump that extra on debt.
image credit: photoxpress/Marco Deias