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Finding a way to add to furnace fund

November 11th, 2011 at 01:41 am

One of the "joys" of being a homeowner means replacing or repairing things when they break or wear out.

Earlier this fall we had to replace our 13 year old water heater.

We figure we better start a furnace fund. The furnace was here when we bought the house -- it is over 14 years old and knowing the previous owners who replaced it, it probably wasn't top of the line. We have it checked every year and I replace the filters each month. It had quite a workout last summer with the extreme heat and so I we are hoping it will last through the winter.

So, I've been looking for ways to contribute to this savings. I found a broken gold chain and dh took it in today we received $24 for it. Not too bad for something that was sitting in the drawer.

I had to drive some for work last month and received a mileage check...it's going in the fund too.

I think I'm going to ask the credit card for a check for our cashback bonus and put that in. Plus, I'm trying to put a set amount in each month.

Now, if the furnace will be good and not break before we can afford a new one!

Posted in Personal Finance, Saving Money | 5 Comments »

5 Responses to “Finding a way to add to furnace fund”

  1. creditcardfree Says:
    November 11th, 2011 at 01:50 am 1320976225
    1320976225

    Great way to save...finding small things you can sell! Best wishes on getting it funded before needed.

  2. PNW Mom Says:
    November 11th, 2011 at 02:16 am 1320977774
    1320977774

    Good to think ahead. DH and I are wanting to start a "roof" fund as our house is 14 1/2 years old and it is going to need to replaced in the next couple of years.

  3. NJDebbie Says:
    November 11th, 2011 at 01:23 pm 1321017833
    1321017833

    I also hope that it lasts past the winter. No heat in the middle of winter is certainly not much fun. Great way to save! I have four separate account through ING Direct geared towards funding fun things we want to do as well as home repairs and tuition for our sons.

  4. rob62521 Says:
    November 11th, 2011 at 09:28 pm 1321046881
    1321046881

    Great idea, NJDebbie

  5. Jerry Says:
    November 12th, 2011 at 01:55 pm 1321106152
    1321106152

    I am glad that you get some mileage payments from work, that can really lead to some help to the budget! I used to work for a hospital that would pay mileage for trips to labs and care facilities, and it was great. However, they did not change the rates with the increase in fuel costs, so my friends who still work there now have no insurance that the mileage check will cover the costs!
    Jerry

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