Finance

Death To Washing Machines

It was December 2016, just weeks before Christmas. It’s the best time of the year…or supposed to be. The tree is up, most of the presents are bought and ready to go, and that means, the bank account is nearly empty (or a hefty credit card bill is coming in just a few weeks).

Isn’t this the time that something happens that is catastrophic to your home, health or car? It happens when you least expect it and in the most unexpected time and place. Our washing machine decides to give up the ghost and take its final spin.

There we were, Christmas week, 5 kids and no washing machine.

I shouldn’t have been as surprised as I was, and with a bit of annoyance, the dryer decided to breathe its last breath of hot air, just the year prior.

I fell on the floor begging, pleading with the Lord about why he would be so angry with our family! Why had he sought to punish us with such,

Such!

INCONVENIENCE!

Why do we do that!?

Why do we go straight to the heart of God for something so menial? God is not out to painfully disrupt our lives, trying to garner our attention again because we haven’t looked his way in a few minutes like an irate 2 year old.

Trouble happens and it happens a lot!

The best thing we can do is plan for trouble!

And the best way to plan for trouble is to save for it like it’s showing up tomorrow like an unwelcomed guest coming in to eat dinner uninvited

I’ll be honest, I almost smiled when my washer washed its last.  It was the last piece of Mexico we had carried with us for nearly a decade. We had purchased that washing machine while we lived there and carried it with us for all those thousands of miles.

If it was not for my rainy day fund, I would have been stressed and probably still paying off my new found washing machine. While I didn’t really want to spend hundreds on a washing machine, I was pleased to know that I could, because I had planned for this day to come, months, if not, years before this.

You need to decide today that you’re going to do something to give yourself peace of mind and help you rest well at night.

So what should you do? To start, you need to set aside $1,000 dollars. Open a second bank account if you have to, so that it is entirely separate making it harder on yourself to actually get to it if you need to. I know the temptation is strong to get into it. It’s there, you want/need whatever it is that you want/need.

But this fund is strictly for emergencies. You’ll notice in looking at my budget categories I posted recently, that I have funds for medical, car repairs, home maintenance, and other things, so in my mind, not even those are emergencies. Those are expected expenses that you should be planning for the same as next years vacation and Christmas gifts.

Over time you should make it to the place where you would have enough money to endure a brief time without a paycheck. Could you eventually go for a month or two months with no income? That could happen and you should start preparing now.

So how does one gather this initial $1,000? It’s not as hard as you think.

First, you need to start saying no to things that you usually say yes to. Out to eat here and there, extra recreation stuff. I earned my $1,000 by doing two things. First, I delivered pizza’s and second, I found work doing light landscaping for people. It wasn’t but a few months and I had my thousand, and this was just a few months before Crystal and I got married. What do you think that did to her mind knowing that we had a cool grand in the bank as we got married for just in case moments? It helped her sleep at night is what it did!

Listen, I know, I know, this isn’t the most exciting topic, but it’s so critically important.

What’s your take on this thing?
What’s your emergency story that you went through and how did you get through it?

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