Emergency Fund: Why Every Homeowner Needs One

I’ve written a few posts about our home maintenance costs and surprise repairs that have been needed for our home in the past year.  Last year we had to replace our air conditioning and water heater.  Just a couple of weeks ago we had to replace the sump pump.  The total cost of these repairs was $2,125. Thank Goodness for our Home Emergency Fund As a homeowner it is essential to have an emergency fund.  If it wasn’t for our emergency fund we would have incurred additional debt to pay for those home repairs.  And who wants that?   We’re in the process of … Continue reading