It all started last Thursday after cleaning a stinky toddler bum, I needed to wash my hands, preferably with hot water. When I turned the hot water on, a slow stream came out and it eventually dwindled...to nothing. I went to another sink and the same thing happened, but I could get cold water.
I won't go into all of the details of what followed, but our hot water heater had leaked and the outcome was not pretty...$670.
Yesterday when our 9 year old car was in the shop for its state inspection, we got 'the call'. Have you ever had 'the call'? When the mechanic calls to tell you that in order for your car to pass the inspection, there are a number of things that need to be done...cha-ching...$700.
$1370 spent in 5 days. The good news is we have the cash in our savings account, but the bad news is the TV in the family room that needs replaced will probably be pushed back for a while.
Have you ever had an expensive week? How prepared are you for life's sudden setbacks?
I will write more about emergency funds later in the series. Right now I need to go console my husband who is trying to watch a game on a TV that keeps going out.Thanks for reading FamilyBalanceSheet. If you would like to receive FREE updates of FBS through your RSS Feed, please click here to sign up. Or Subscribe by Email.