Congratulations, take a breath. You and Mark should be proud. Try not to overthink this. Use the house sinking funds. Pay more towards the highlander and just rebuild the sinking fund. Feel blessed that you're in a place financially to have options. Good riddance to Mohela!!! 🎉
Congratulations on paying off another loan!!🎉 Maybe you could do half from savings, half from the paycheck for the dryer. That way you still keep a bit in the sinking fund and still get to put a lot of the extra pay to debt pay-off. Whatever you decide to do, I think you'll be ok. You are so organised with your money 😊 You are doing so well! So proud of you
I like that option! If I could at least have a little left in the savings, I think I’d feel a little better. We’ll see when he gets paid how much it is. Hopefully I can do that thank you ☺️
Good morning Katie. Yay Fedloan 5 is gone. That is huge. Take it from the home fund, then the emergency fund. This is what you are building it for. An emergency fund is never really fully funded. Things will always come up. Just keep going. That Highlander will be paid soon. Your hubby is one hard working guy. That is a great hubby and father to do so much to care for his family.
So true that an emergency fund will never truly be fully funded because there will always be things that come up. And yes, Marc has been working very hard! Thankfully he will have some time off over Thanksgiving. I think I he needs a break 😫 he’s the best though ❤️
Hey girl!!!! Another one bites the dust! Congratulations!!! You should think about getting your dryer vent cleaned out before you get your dryer installed. 💚💚🦖🦕
Yes! That's what I was thinking! It really sounds like a clogged vent. It can cause the laundry to dry less well and break the machines. Also it's a fire hazard, so please look at it.
Thank you, Bobbi! I do believe Marc cleaned it out, but I’m not sure, so I’ll ask him! He did try a few things to fix it, but I honestly have no idea what he did 🙈
Congratulations Katie! We are cheering for yall! Our dryer broke this summer and thankfully had a "house fund" to use. So, we didn't miss a beat on the budget :) ❤❤❤
Yes! That’s amazing! I am glad you set yourself up for success. I think that’s what we’ll do, too, just use the savings so we can stay in track with our November budget ☺️
Congrats! Fedloan 5 is gooooone! I would say use the house sinking fund (that's what it's there for!) and then build the house fund up slowly over the next few months 😊
Celebrate your progress!! Congrats on paying Fedloan 5!! Your sinking fund is for anything home related, use that and supplement it with your emergency fund. Those are there to support you in achieving your dreams which is to be debt free. Then each month maybe add 10 dollars extra replenish SF and EF, but you will have less debt and less interest. Or ask your husband what his motivation for working so hard is and allocate the extra work money to that goal (paying debt or cash flowing the dryer).
Thank you! I think we will use the savings. That’s what the original plan way, and we can definitely replace it over time. We are losing more to the Highlander interest than we are earning in the HYSA, so it does make sense! ☺️
Awesome job Katie! Congratulations on paying off Fed Loan 5. My suggestion is use the home sinking fund to pay for the dryer and when your husband gets paid for call time, put a little bit back. Which ever way you choose it’s great to know you had something saved up to soften the blow. Way ti go! Keep up the good work.
Thank you! I think that is what I’m leaning toward right now. I saved that money up for this reason, so I’m telling myself not to feel bad for using it ☺️
Having a dryer last over 10 years is great! Don’t overthink using the sinking fund money, you are doing great and always remind everyone else that it’s good to use your sinking fund money. This week, I got some RSUs (stock grants) from my work, so I am already starting to pay off my new car loan by sending $790 to the principal before my first car payment starting next month
You are going to get that car loan knocked out quickly, Brooke! And I was thinking that we definitely got our money’s worth out of the dryer. We’ve had it for a long time, and I run it every day, sometimes multiple times a day, so I’m probably lucky it lasted as long as it did 😆
I think using the house sinking fund to pay for the dryer is a good idea. If the pay check is really nice you could always add 100 or 200 back to the sinking fund so that it’s not at 0 to give you a little bit more inner peace. Congrats on finishing your federal student loans.
Congrats on paying off another student loan!!!! I love seeing your cats moving around in the background. Makes me smile :). And - your hair is looking so great!
Thank you, Cat! I think they like to show off for the camera 🤣 I was filming a video today and one of them spit up a hairball in the background , so I had to refilm that part 🥴
Hello Katie!!! Yes, that’s what it’s there for is what I keep saying!! That dryer lasted a long time!! Congrats on the fedloan payoff!! 🎉🎉🎉 Bye Mohela! 💜🌻🌷
I would preserve the savings and cash flow the dryer off of the overtime paycheck. The overtime isn't money you were planning on in the budget, so you can redirect it to the dryer without really any impact to your expected debt payments. Using the sinking fund and then working to pay it back is really the same difference anyway. Also I'm a savings hoarder, so I never like to spend my savings LOL.
I feel you! It’s so hard to use the savings once you’ve worked so hard to build it up! I’ll see how big Marc’s check is. Maybe I can do some dryer soending and a decent debt payment 🤞🏼
Yay on paying u loan! It seems to always happen that something happens when u finish paying something. But glad u have the money for that. That’s the good thing u have options & that’s the important thing! U r doing awesome
Right?! It always does seem that when you do something well, something else happens to try and knock you off course. We’ll be ok though! I really am glad to have some good options ☺️ thank you, Izzy!
Use the savings😊 Congratulations on Fed Loan 5🎉 that deserves a celebration 🥳 Thank you for the shout out. Our transfers $140 + $32 from a Poshmark sale today. $100 to ROTH. Awesome job everyone
Yay for Poshmark sales! 🙌🏼 And yes, I’m definitely celebrating the Fedloan 5 payoff! I told myself that it doesn’t matter how much we pay off the rest of the year now that Fedloan 5 is gone. I just want to breathe and enjoy the holidays ☺️
Definitely use the home sinking fund. Spending guilt after savings is a real emotion. I get it. HOORAY for paying off Fed Loan 5. Hooray for Marc's overtime. It will all shake out girl. I predict by Feb of 2026 you guys will be completely done with debt! I can feel it! Have a great rest of the week.
I think I will use the house fund. That’s is what I saved it for. It’s just hard to drain savings. I’ll build it back though! And thank you, Liz! I’m so excited that we don’t have any Mohela loans now! I am looking forward to enjoying the holidays and starting 2025 with one less debt 🎉😃
So …, our issue is the same with the dry time and we have to get the ducts clean ( I clean the internal dryer vent every load !) and yet the ducts get so blocked it just takes for ever to get dry ! Every 6 months ! Make sure it’s done before the new dryer arrives ! And then sell your old machine ! ❤glenda
Isn’t it funny how we have these sinking fund buckets for things but when it comes down to it we’re like “😬 I don’t want to!!!” We did the same when we replaced our stove. Ended up using a 0% financing through the store card. Silly-I know, but I think it’s part because we’re so used to making payments, that it feels more normal.
We had zero debt outside our 2% mortgage, then used a 0% loan for a new heat pump and A/C, then 3% on a vehicle loan, because our high yield savings was, and still is, earning more. Now with predictions of costs going up for every household next year I feel even better about having liquid funds. Those sinking funds can just be considered our emergency fund.
That’s not silly! I thought about doing that as well. It really is hard to use your savings sometimes. I know that’s what it’s for, but it’s always a bummer to see it go!
Congratulations on paying off fed loan 5! So so exciting and you’ll make even more progress on the Highlander now! I cashed out my upside app for $10 and put it to our home sinking fund. Every little bit counts!
Yayayayayayyyyyy! This is so exciting! So sorry about the dryer 😩😩 I know I’m way late- I would have maybe tried to split it? Half and half so I didn’t deplete one. BUT whatever you chose is perfect!!! 💚
You are awesome, Taylor! Thank you 😊 we were able to pay it with our home fund but put some money back into it so it didn’t completely zero out! We still had some extra for the Highlander, too 🙌🏼
Congrats on paying off the loan!!!! I would use the cash flow from the check and keep the savings for just in case (hopefully nothing happens). Great update!!
That’s what does make me nervous about using the savings…something else popping up 😩 I’m leaning toward using the savings now, but if Marc’s check is nice, I might be able to cash flow some of it and not completely drain the savings.
Congratulations on loan 5 being gone!! That had to feel amazing!! Bummer about the dryer but you are prepared!! I’d say put a little towards the dryer and the rest to the loan. Less interest is better.
The dryer issue is the same thing that happened with mine. I thought I was going to have to purchase another one, but my dad came and took it apart in the front and the lent was accumulated outside of the trap and almost caused a fire! He cleaned it up and replaced some parts and only cost me about $100 compared to 4x that amount or more for a new dryer.
Using the house fund is fine. This is what we save for when things like this happen.. Congrats on the payoff you and your husband have been working and budgeting so hard for this.
YAY YAY YAY! Mohela is gone! That is so incredible. Nice that Marc has had the extra shifts, but I hope he has also got enough time to relax and recharge! Commented on another comment as well, please make sure that you check the dryer vent! It sounds like there is buildup in there and that it causes the old dryer to work less well. The SF is indeed meant to be used for that, but I would maybe use some of the extra shift pay to rebuild it just a 100 or 200. Well done everyone!! Yes, perfect way to say it! For us this week we had from change € 3,36 to vacation and €7,83 cashback to the Window Replacement Fund.
Back to the wild row fund! Marc is going to have a couple of weeks off coming up, and he’s very excited to get some rest. It’s definitely needed! I do believe Marc cleaned out the dryer vent when he was trouble shooting, but I’ll double check with him and make sure ☺️ thanks, Sara 💕
Sorry for the delay. I was on the West coast and just had my phone down the whole time. Ahhhhhh congrats on paying off your loan! I just know how much you love that loan 😂😂😂. I'm sorry to hear about your dryer. I say use the home fund and cash flow the rest. The biggest struggle sometimes is deciding where to pull money from. You also have the other option of pulling some more money from other sinking funds if the category is appropriate. Either way it sounds like you're in great shape with your husband's juicy paycheck coming
Thank you, Allison! I hope you enjoyed the weather coast! 🤩 We definitely have options for the dryer, and that’s so nice! I’m just glad our only option isn’t a credit card anymore. I’m very thankful for this journey and the peace that has come with it. And you know I’m so so glad to be done with Mohela! 😂
@KatieoftheHouse it was a memorable trip with some news. More to come on that! Lol I'm so glad you ended your toxic relationship. It was the breakup we were all waiting for
Good morning katie! Congratulations on paying off fed load 5! 🙌🏽🙌🏽🎉🎉 Omg I wish we lived closer to you cuz my husband is an amazing and very honest appliance technician! If it was absolutely non fixable, he'd tell you and not let you pay to fix it when it's not possible like some ppl do. Lol! Our washing machine and dryer are both refurbished by my husband 😂. Someone gave them to him because they were getting rid of them to get new ones and he took them completely apart, cleaned and fixed them up and we still have them after 15+ years! We got them when we moved in this house 15+ years ago 😂. They are still going but I do have that issue with the dryer not drying in one cycle and I have to put it for a little long... my husband said that they have to completely die before we buy new ones 😂😂😂. Awesome video! I'm so excited you were able to send $60 extra to the vehicle and now you're working on paying that down! Yay!!! ❤❤❤
Man, you hit the jackpot with a handy hubby 😂 that’s so awesome that he’s like the appliance whisperer! Hopefully he can keep your appliances going for a lot longer. They say the new ones don’t last as long, so I am worried about that. Marc has fixed our dryer before, but the things he did to fix it before didn’t work this time, so he’s assuming the heating element is blown. I have no idea 😂
Hey Katie!! ❤😊🎉 FED LOAN 5 PAY OFF PARTY IS A GO !!!!!!!! CONGRATS!!! ❤🎉❤🎉❤🎉❤🎉❤🎉 Savings are amazing, but it's meant to be spent for what you've saved it for. It would be a mental struggle for me too, but I would still use home savings for the appliance. 😊
Thank you!! It’s definitely party time! I think at this point in the year, I feel at peace with whatever happens now that we have paid off 2 student loans 🎉 I agree with you that I should probably just use the savings. That is what it was intended for. It’s always a bummer to see it go though.
I would definitely use the Home Maintenance Sinking Fund. And cash flow the rest if you can. It's what it's there for and should be a relief that it was there, not a regret that you had to use it. 😊
It’s always hard to see savings disappear, but you are so right that it is something to be thankful for that we had it in the first place! And it does make me feel so much better to know that we don’t have to go into debt for this ☺️ thank you!
Yay yay yay…fedloan 5 is gone💃🏽💃🏽💃🏽 things are good problems to have… deciding which funds to take the money from… I completely understand the dilemma!! I probably wouldn’t use Mark’s unpredicted check because once you get it, you can always go back and backfill Highlander and other debt!!
So true! I think I’ll just use the sinking fund for now, and depending on how fluffy the check is, maybe I can replace a bit of it and still make a good payment to the Highlander. We’ll see! 😬
Thank you!! He was able to buy his PlayStation this month, so hopefully he’s happy for a while 😄 he was really looking forward to that, and he’ll be off for two weeks after this week, so he’ll actually have time to enjoy it ☺️
@ I’m glad. I know that it’s hard to think of doing other things with money when you are so motivated by X, but it’s important to enjoy the money too. Especially if he’s been working crazy hours and away from the boys. You should plan a fun family day for all of you together!
We typically use the 0% six month financing on a Lowe's card for purchases like the dryer. Our dryer is 13 years old, our fridge is 10 years old, I'm bracing myself for how much those will cost when we need to replace them. We've made repairs to both of them...I should go whisper encouraging words to them. 😂
Haha it can’t hurt to try to whisper those sweet nothings to the appliances! I’m thankful our dryer lasted as long as it did because we work it hard! Hopefully the next one will make it another 10 years 🤞🏼
Congratulations on being done with mohela. Thats a huge accomplishment i hope you feel that weight being lifted. I would use what you have in the home fund cash flow the little bit of the difference and pay the normal amount to highlander. You’ve got this.
Use the home sinking funds then cash flow the rest. Send more to the highlander. You're paying more in interest on the car than you are making in the savings account.
Girl, it’s always something! 😡I have nothing too big as far as paying off debt this week. But….we did amazing at adding more debt this week. 😭😭 I had to pay for Invisalign 💸💸and that added another loan. Plus, our small emergency fund that I save a bit every week for, is getting wiped out thanks to Jim’s vision sucking!
Hi Katie, congrats on paying off fedloan 5! thats so funny, our washer went out this weekend >_< we have a repair person coming thursday which is 95 bucks just for a diagnostic, hopefully it can be repaired for less than a couple hundred bucks. ooo that call pay is going to be so nice, i think u have lots of good options. id prob just cash flow it if it were me. ull have more money on the check so u wont miss it.
Congratulations! I know this will be controversial but I would finance the dryer at zero percent and keep the cash or put it towards the highlander. Mathematically, it’s better. I’d keep the cash probably because we’re in an uncertain time and money on hand will be helpful in case a job loss or hours cut or anything. I would make payments on the dryer like the amount divided by the time period for zero interest minus two months. So like a $600 dryer /8 monthly payments if you have ten months of zero interest.
That may be controversial, but I did consider it! And I totally get what you are saying that I could potentially earn more off of that money. I am not opposed to doing that, but right now, I think it wouldn’t be the best choice for me mentally to do that. I only say that because I think it would bother me to add another debt and see a balance increase rather than progress on the debt, BUT mathematically, you are absolutely right! ☺️
Congratulations on paying off the student loan!😃🎉 I’m gonna ask a stupid question, you had somebody come out and look at it just to see if they could fix it? Another question, I’m gonna assume the washing machine is just as old as the dryer was. Did you think about replacing that at the same time so you’re good for the next 10 years? Would you really hope is Mark‘s super overtime pays for it and you don’t have to use your home maintenance sinking fun. That is why you save this money for these types of emergency. Do you have somebody come out and flush out your dryer vent every year or every other year to keep it working efficiently?
Thank you!! I didn’t have someone come out to fix it, but Marc did try. He has been able to fix it in the past, but wasn’t this time. Maybe this was stupid of me, but I assumed since it was so old and since we’ve had to fix it before and it had been doing downhill that it was just time to replace. I do think I’ll use the sinking fund so I can o it more to the Highlander. We’ll see how much he makes though. Maybe I can add a little back to the home fund? I’ll find out soon ☺️
It must feel amazing sending the last installment to your fedloan! 🎉 Since I only get paid once per month, no new investments for me yet, but I am just about to finish transferring the savings for a house to a higher yield money market ETF, which will return about 160 Euros (around 170 USD) per month more than the account I had stored this before. Huge blessing boosting me closer to my goal! Hope you can fix your dryer situation soon and Mark will get some rest. Regards from Germany, Conny
You’re doing awesome 👏🏻 Once all your debt is gone, are you considering paying off your mortgage early ? This is what my husband and I are doing currently. O will need another goal once that is done 😂 I will always need goals !
Yes to always having goals! I feel you there 😂 I haven’t decided yet if we’ll tackle the mortgage early or not. I think we’ll probably focus on investing instead because our mortgage rate is only 3.5%
I love how your mind works out each option. But sometimes you need to not over think things. You have limited brain energy, and this situation shouldn’t drain your energy. You had a win with paying off Fed Loan 5, a reality strike with the dryer, and a solution with the extra call hours pay. Everything being equal: if you still have enough to put towards debt that you budgeted, use any extra to pay for the dryer. If you’re short then take that from the savings. You wouldn’t take from your savings to pay debt so why would you take from savings to pay for something you can cash flow and still hit your debt target? Either way, it’s all your money and doesn’t really matter where you pull it from as long as it’s getting paid off without interest. I do appreciate how you talk it through though. Too often people don’t look at all the options, they just put it in a card and worry about it later. Keep up the good work.
Thank you so much, Aaron! I do tend to overthink..constantly! I like the way you explained it though. I keep saying that I’ll take from savings to pay for it, but I do like the idea of cash flowing if we can. I guess I’ll see what his check looks like. If I can still make the same highlander payment that I budgeted, then it does make sense to cash flow ☺️ thanks!
Bye bye Fedloan 5. Congratulations. Personally, I would cashflow the dryer with the extra income and keep some money in the household sinking fund. I don't like having nothing in sinking funds. Based on the extra income you guys will receive, I think you will still be able to put a chunk towards the highlander.
Thank you! I’m so glad to see Fedloan 5 go! I guess we’ll see how much he ends up making. Maybe you’re right and I’ll be able to do both. That would be nice ☺️
Every year something costs money. You have the sinking fund to use so use it and build it back up over time. Yay triple yay Mohela is gone. Stay positive things are lighter.
Thanks, Debra! I’m pretty sure I’ll just use the sinking fund. I hate to spend it, but it’s good that I have it ☺️ I definitely feel so much lighter with Fedloan 5 finished! 😄
Great question! My husband did try a few things to fix it, but he was pretty sure it was the heating panel, and we didn’t think it was worth putting the money into getting that fixed since the dryer was so old. I think we bought it in 2012 or 2013, so I’m thankful that it worked for so long.
I think at the end of the day none of it really matters as long as you are hitting your goals and spending less than you make. And I don't mean that rudely, I just have come to realize that money is simply money. I used to do exactly the same as you. Sinking funds for this and that, money earmarked here or there. It's all just money that is meant to be spent or saved. Why even have the sinking funds if you aren't going to use the money out of them, ya know?
YES! I totally get what you are saying! I probably do overthink things a bit sometimes, but at the end of the day, you are right: it’s just money, and if we are making progress, that’s what matters ☺️
You done with fedloan 5 that's amazing! If it was me, personally, I'd keep the funds in your SF and cash flow it if you can BECAUSE the funds in your SF are earning 4.00% APY, right? I think you said you had capital one for your HYSA in one of your videos. If you don't pull from the SF you'd keep the funds earning APY and that's more money you'll have down the road. Not really a transfer but I did pick up a new side hustle. I've been just working at the gas station the past 3 months and got hired as a seasonal employee at honey baked ham. 10-15 hours a week in the mornings it's all extra funds that I'll put towards my savings.
I would definitely agree if the car loan was around the same interest rate, but it’s at 8% 😫 Congrats on the new side hustle! I’ve thought doing seasonal work. It’s a great idea and you don’t have to do it forever. Hopefully you can really fluff up your savings 🙌🏼
Katie, you might not beleive this, but I actually repaired our dryer a couple of times. They actually are not complicated. As long as the tub spins around, that means the most expesnive thing, the motor is good. Nect most expensive is the electronics or timer, if it is not drying it could be one of two issues, botn not expensive to fix. First, it might just need a cleaning as it coupld be full of lint. It also could be the heater assembly. (Assuming an electric dryiner). I dont think I would repair a gas one). So if you are up to it. YOu can learn how to fix i, on asite on the Internet, called TH-cam. (perhaps you have heard of it?😁😁 I suspect Marc is not going to want to work on it. and dryers are not that expensive. Personally I would NOT put money is a top of the line one with lots of gadgets. (Most you wouldnt use) And PLEASE do not put this on a credit card you wouldnt pay in full when it becomes due. (No, I dont think you would) With that said, I doubt ths should be any more than a monthly blip. Jon
As to your question, as it does seem that you purchsed one. Is does it really matter? You should have been an accontant. You think like one. No matter what account you put it in. The money is coming into the family, and it will be used one way or another to buy a dryer. If you use the "sinking fun" thats cool. If you take it immeadiately from next paycheck that is cool too. And if you want to talke a little from each that is fine too. Just do NOT pay interest on a credit card. THat will make it a much more expensive dryier. (And hopefuly one that you "emjoy)
You’re right! It probably doesn’t matter too much as long as it’s already paid! I probably should have been an accountant 😂 I think I would have enjoyed that job! As far as fixing it, Marc did try a few things, some of which worked in the past, but no luck this time. Truthfully, we probably could have tried harder to fix it. I was just thinking that since it’s 10+ years old that it wasn’t worth putting too much money into it.
Didnt you just about get done replentishing funds for a house based "emergency"? Im going to VERY ball park estimate and comfortably round the cost of a dryer, refridgerator, etc... at $2k; maybe it should be estimated at $3k or $4k. My suggestion is to slow down on the Emergency Fund until you reach a self-deternined cap on the Household ?Maintenance Fund. In the past year-ish something household related has occurred twice causing you to at least consider tspping into the Emergency Fund. These things are happening often enough to consider them semi-routine unplanned, household expenses. For myself I would prefer to not dip into the Emergency Fund as often and let it remain for an honestly, seruous emergency; even if it grows slower, you absolutely know it is there waiting. - The money still comes from the same sources at the rate it comes in, it just gets divied up differently.
Close, Terry! We used our regular emergency fund this summer to paint the exterior of the house because our HOa said we had to, but we didn’t have a solid “house emergency” fund yet, so I’ve been trying to build it up. So I do now have a house maintenance fund that is separate from our normal EF, but it just isn’t as “beefy” as I’d like it to be yet. We probably should beef up the house fund though. Things happen so often when you own a home 😫
@@KatieoftheHouse Your home and appliances are nolonger new. Up until the latest fridges, major appliances were designed to last 5 years and getting 10 out of them was considered fantastic. Long gone are tge days that the vertical Amana freezer was expected to last 20 years and could go to live 60-70 with anual defrosting and a new door gasket at some time inbetween. Even Maytag clothes washers don't live 20 plus years; longer with some replacement parts in the mix. Heat pumps often need replacing about every 10 years. Many composite roofs only last 20 to 30 years. So yes, if there is cash flow then a beefed up unplanned, house maintenance/ repair fund separate from an Emergency/ lost income fund.
Congratulations, take a breath. You and Mark should be proud. Try not to overthink this. Use the house sinking funds. Pay more towards the highlander and just rebuild the sinking fund. Feel blessed that you're in a place financially to have options. Good riddance to Mohela!!! 🎉
Thanks, Kim! I’m so excited that Fedloan 5 is done! And I like your plan for the dryer, too 😄
Congratulations on paying off another loan!!🎉
Maybe you could do half from savings, half from the paycheck for the dryer. That way you still keep a bit in the sinking fund and still get to put a lot of the extra pay to debt pay-off. Whatever you decide to do, I think you'll be ok. You are so organised with your money 😊
You are doing so well! So proud of you
I second this idea
Was going to say the same thing!
That's what I also considered.
I like that option! If I could at least have a little left in the savings, I think I’d feel a little better. We’ll see when he gets paid how much it is. Hopefully I can do that thank you ☺️
Good morning Katie. Yay Fedloan 5 is gone. That is huge. Take it from the home fund, then the emergency fund. This is what you are building it for. An emergency fund is never really fully funded. Things will always come up. Just keep going. That Highlander will be paid soon. Your hubby is one hard working guy. That is a great hubby and father to do so much to care for his family.
So true that an emergency fund will never truly be fully funded because there will always be things that come up.
And yes, Marc has been working very hard! Thankfully he will have some time off over Thanksgiving. I think I he needs a break 😫 he’s the best though ❤️
Hey girl!!!! Another one bites the dust! Congratulations!!!
You should think about getting your dryer vent cleaned out before you get your dryer installed. 💚💚🦖🦕
That’s what I was thinking! Could be stopped up and make it hard to dry. Even if the dryer truly broke, it’s important maintenance
Yes! That's what I was thinking! It really sounds like a clogged vent. It can cause the laundry to dry less well and break the machines. Also it's a fire hazard, so please look at it.
Thank you, Bobbi! I do believe Marc cleaned it out, but I’m not sure, so I’ll ask him! He did try a few things to fix it, but I honestly have no idea what he did 🙈
Congratulations Katie! We are cheering for yall! Our dryer broke this summer and thankfully had a "house fund" to use. So, we didn't miss a beat on the budget :) ❤❤❤
Yes! That’s amazing! I am glad you set yourself up for success. I think that’s what we’ll do, too, just use the savings so we can stay in track with our November budget ☺️
I would use my savings and build it back up over time. You have to let us know what you did. Awesome job to everyone. Hope you have a great week
I’ll definitely let you know! I’m leaning toward just using the savings though and trying to build it back over the next couple of months ☺️
Congrats! Fedloan 5 is gooooone!
I would say use the house sinking fund (that's what it's there for!) and then build the house fund up slowly over the next few months 😊
That’s what I’m leaning toward for sure! Thank you so much 😄💕
I would focus on the Highlander due to the higher interest rate and the fact that’s it a debt as opposed to a necessary home purchase 😊.
That’s my way of thinking, too! The Highlander interest rate is double what I’m earning in the HYSA 😫
Celebrate your progress!! Congrats on paying Fedloan 5!! Your sinking fund is for anything home related, use that and supplement it with your emergency fund. Those are there to support you in achieving your dreams which is to be debt free. Then each month maybe add 10 dollars extra replenish SF and EF, but you will have less debt and less interest. Or ask your husband what his motivation for working so hard is and allocate the extra work money to that goal (paying debt or cash flowing the dryer).
Thank you! I think we will use the savings. That’s what the original plan way, and we can definitely replace it over time. We are losing more to the Highlander interest than we are earning in the HYSA, so it does make sense! ☺️
Congratulations 🎉🎉🎉on paying off another loan!!
Thank you, Mary! 😄
Awesome job Katie! Congratulations on paying off Fed Loan 5. My suggestion is use the home sinking fund to pay for the dryer and when your husband gets paid for call time, put a little bit back. Which ever way you choose it’s great to know you had something saved up to soften the blow. Way ti go! Keep up the good work.
Thank you! I think that is what I’m leaning toward right now. I saved that money up for this reason, so I’m telling myself not to feel bad for using it ☺️
Having a dryer last over 10 years is great! Don’t overthink using the sinking fund money, you are doing great and always remind everyone else that it’s good to use your sinking fund money.
This week, I got some RSUs (stock grants) from my work, so I am already starting to pay off my new car loan by sending $790 to the principal before my first car payment starting next month
You are going to get that car loan knocked out quickly, Brooke!
And I was thinking that we definitely got our money’s worth out of the dryer. We’ve had it for a long time, and I run it every day, sometimes multiple times a day, so I’m probably lucky it lasted as long as it did 😆
I think using the house sinking fund to pay for the dryer is a good idea. If the pay check is really nice you could always add 100 or 200 back to the sinking fund so that it’s not at 0 to give you a little bit more inner peace. Congrats on finishing your federal student loans.
Thank you! I do like the idea of adding a little extra to that fund if we can. That will make me feel better than having nothing 😩
Congrats on paying off another student loan!!!! I love seeing your cats moving around in the background. Makes me smile :). And - your hair is looking so great!
Thank you, Cat! I think they like to show off for the camera 🤣 I was filming a video today and one of them spit up a hairball in the background , so I had to refilm that part 🥴
Use the savings and slowly build it back up! Your momentum on the debt payoff is great!!
Thank you! I thought that was the right call, too, but you know I like to second guess everything 😂
Congrats on paying off another loan🎉
We tend to cash flow emergencies but you know your finances best. Follow your gut
Thank you! 🙏🏼 as long as we don’t increase the debt, I’m happy 😅
Hello Katie!!! Yes, that’s what it’s there for is what I keep saying!! That dryer lasted a long time!! Congrats on the fedloan payoff!! 🎉🎉🎉 Bye Mohela! 💜🌻🌷
Thank you, Imani! It did last a good long while! I hope this next one lasts as long. And you know I was so happy to kiss Fedloan 5 behind!
Wow!🎉 congratulations 🎉😊
Thank you so much!
Time to party!!!! Congratulations! 🎉
Ohhhh yes! Party time! I feel ok with whatever we are able to pay off for the rest of this year now. I’m just glad we got rid of Fedloan 5 🙌🏼🎉🎉
I would preserve the savings and cash flow the dryer off of the overtime paycheck. The overtime isn't money you were planning on in the budget, so you can redirect it to the dryer without really any impact to your expected debt payments. Using the sinking fund and then working to pay it back is really the same difference anyway. Also I'm a savings hoarder, so I never like to spend my savings LOL.
I feel you! It’s so hard to use the savings once you’ve worked so hard to build it up! I’ll see how big Marc’s check is. Maybe I can do some dryer soending and a decent debt payment 🤞🏼
Yay on paying u loan! It seems to always happen that something happens when u finish paying something. But glad u have the money for that. That’s the good thing u have options & that’s the important thing! U r doing awesome
Right?! It always does seem that when you do something well, something else happens to try and knock you off course. We’ll be ok though! I really am glad to have some good options ☺️ thank you, Izzy!
Use the savings😊 Congratulations on Fed Loan 5🎉 that deserves a celebration 🥳 Thank you for the shout out. Our transfers $140 + $32 from a Poshmark sale today. $100 to ROTH. Awesome job everyone
Yay for Poshmark sales! 🙌🏼
And yes, I’m definitely celebrating the Fedloan 5 payoff! I told myself that it doesn’t matter how much we pay off the rest of the year now that Fedloan 5 is gone. I just want to breathe and enjoy the holidays ☺️
Definitely use the home sinking fund. Spending guilt after savings is a real emotion. I get it.
HOORAY for paying off Fed Loan 5. Hooray for Marc's overtime. It will all shake out girl. I predict by Feb of 2026 you guys will be completely done with debt! I can feel it!
Have a great rest of the week.
I think I will use the house fund. That’s is what I saved it for. It’s just hard to drain savings. I’ll build it back though!
And thank you, Liz! I’m so excited that we don’t have any Mohela loans now! I am looking forward to enjoying the holidays and starting 2025 with one less debt 🎉😃
So …, our issue is the same with the dry time and we have to get the ducts clean ( I clean the internal dryer vent every load !) and yet the ducts get so blocked it just takes for ever to get dry ! Every 6 months ! Make sure it’s done before the new dryer arrives ! And then sell your old machine ! ❤glenda
Thank you, Glenda! 🙏🏼
Isn’t it funny how we have these sinking fund buckets for things but when it comes down to it we’re like “😬 I don’t want to!!!” We did the same when we replaced our stove. Ended up using a 0% financing through the store card. Silly-I know, but I think it’s part because we’re so used to making payments, that it feels more normal.
We had zero debt outside our 2% mortgage, then used a 0% loan for a new heat pump and A/C, then 3% on a vehicle loan, because our high yield savings was, and still is, earning more. Now with predictions of costs going up for every household next year I feel even better about having liquid funds. Those sinking funds can just be considered our emergency fund.
That’s not silly! I thought about doing that as well. It really is hard to use your savings sometimes. I know that’s what it’s for, but it’s always a bummer to see it go!
Congratulations on paying off fed loan 5! So so exciting and you’ll make even more progress on the Highlander now!
I cashed out my upside app for $10 and put it to our home sinking fund. Every little bit counts!
Yes, every bit adds up! Great job, Holly!
And thank you! I’m so excited to be down with Fedloan 5 😄
Yayayayayayyyyyy! This is so exciting! So sorry about the dryer 😩😩 I know I’m way late- I would have maybe tried to split it? Half and half so I didn’t deplete one. BUT whatever you chose is perfect!!! 💚
You are awesome, Taylor! Thank you 😊 we were able to pay it with our home fund but put some money back into it so it didn’t completely zero out! We still had some extra for the Highlander, too 🙌🏼
Congrats on paying off the loan!!!! I would use the cash flow from the check and keep the savings for just in case (hopefully nothing happens).
Great update!!
That’s what does make me nervous about using the savings…something else popping up 😩 I’m leaning toward using the savings now, but if Marc’s check is nice, I might be able to cash flow some of it and not completely drain the savings.
@ great idea!!
I always get my dryer repaired versus buying a new one. It’s much cheaper and the older dryer are better quality than the brand new ones.
That definitely makes sense!
I would use savings and pay on the Highlander. The interest rate you are paying on the Highlander is higher than you are getting on Savings
True! The Highlander rate is double what we get in the HYSA 😳
Congratulations on loan 5 being gone!! That had to feel amazing!! Bummer about the dryer but you are prepared!! I’d say put a little towards the dryer and the rest to the loan. Less interest is better.
That’s what I’m thinking, Ang! I hate paying that 8% in the car 😫 I’m ready to be done with it!
Awesome options. I would cashflow the dryer. That is just me. Everyone is different. I am big on keeping my savings at this point in my retirement
I totally get that! Savings = peace of mind ☺️
Yipee! Sometimes the Wizard of Oz song plays in the back of my mind: "...Ding dong, the Wicked Witch is gone ...". And, Mohela is gone.
Bahaha I love that, Terry! It’s very fitting!?
The good news is that the new dryer should be more energy efficient
I hope so! It would be nice to at least save a little on the electric bill. I use the dryer at least once a day, but usually more!
The dryer issue is the same thing that happened with mine. I thought I was going to have to purchase another one, but my dad came and took it apart in the front and the lent was accumulated outside of the trap and almost caused a fire! He cleaned it up and replaced some parts and only cost me about $100 compared to 4x that amount or more for a new dryer.
I’m so glad your dad was able to fix it and that you didn’t have a fire! That’s so scary!
Using the house fund is fine. This is what we save for when things like this happen.. Congrats on the payoff you and your husband have been working and budgeting so hard for this.
Thank you so much, Shannon! Yep, we save for things like this, so I should be ok with using it. I do hate to see it go though!
You could pull from sinking, next paycheck, and from E Fund. Its the least hit overall for each category so you're not burning any one source.
True! That might make me feel better than draining everything from one fund. Thanks! ☺️
YAY YAY YAY! Mohela is gone! That is so incredible.
Nice that Marc has had the extra shifts, but I hope he has also got enough time to relax and recharge!
Commented on another comment as well, please make sure that you check the dryer vent! It sounds like there is buildup in there and that it causes the old dryer to work less well. The SF is indeed meant to be used for that, but I would maybe use some of the extra shift pay to rebuild it just a 100 or 200.
Well done everyone!!
Yes, perfect way to say it! For us this week we had from change € 3,36 to vacation and €7,83 cashback to the Window Replacement Fund.
Back to the wild row fund!
Marc is going to have a couple of weeks off coming up, and he’s very excited to get some rest. It’s definitely needed!
I do believe Marc cleaned out the dryer vent when he was trouble shooting, but I’ll double check with him and make sure ☺️ thanks, Sara 💕
Sorry for the delay. I was on the West coast and just had my phone down the whole time. Ahhhhhh congrats on paying off your loan! I just know how much you love that loan 😂😂😂. I'm sorry to hear about your dryer. I say use the home fund and cash flow the rest. The biggest struggle sometimes is deciding where to pull money from. You also have the other option of pulling some more money from other sinking funds if the category is appropriate. Either way it sounds like you're in great shape with your husband's juicy paycheck coming
Thank you, Allison! I hope you enjoyed the weather coast! 🤩
We definitely have options for the dryer, and that’s so nice! I’m just glad our only option isn’t a credit card anymore. I’m very thankful for this journey and the peace that has come with it.
And you know I’m so so glad to be done with Mohela! 😂
@KatieoftheHouse it was a memorable trip with some news. More to come on that! Lol I'm so glad you ended your toxic relationship. It was the breakup we were all waiting for
Congratulations Katie!!🎉 I would agree to using your house savings to pay for the dryer. 🌺🌸💖
Thank you, Paula! I don’t know why it’s so hard to spend money that I’ve saved, but I think that’s what I’ll do ☺️
I would cashflow the dryer if you have the extra cash this month, so you keep the home SF in case something else happens.
That’s kind of why I’m afraid of draining it. Usually things come up in twos and threes, so I’m just waiting for the next big thing to happen 😩
Good morning katie! Congratulations on paying off fed load 5! 🙌🏽🙌🏽🎉🎉
Omg I wish we lived closer to you cuz my husband is an amazing and very honest appliance technician! If it was absolutely non fixable, he'd tell you and not let you pay to fix it when it's not possible like some ppl do. Lol!
Our washing machine and dryer are both refurbished by my husband 😂. Someone gave them to him because they were getting rid of them to get new ones and he took them completely apart, cleaned and fixed them up and we still have them after 15+ years! We got them when we moved in this house 15+ years ago 😂. They are still going but I do have that issue with the dryer not drying in one cycle and I have to put it for a little long... my husband said that they have to completely die before we buy new ones 😂😂😂. Awesome video! I'm so excited you were able to send $60 extra to the vehicle and now you're working on paying that down! Yay!!! ❤❤❤
Man, you hit the jackpot with a handy hubby 😂 that’s so awesome that he’s like the appliance whisperer! Hopefully he can keep your appliances going for a lot longer. They say the new ones don’t last as long, so I am worried about that. Marc has fixed our dryer before, but the things he did to fix it before didn’t work this time, so he’s assuming the heating element is blown. I have no idea 😂
You can always half and half. Half savings, half cashflow
True! My brains always thinks “all or nothing,” but you are right ☺️
Hey Katie!! ❤😊🎉
FED LOAN 5 PAY OFF PARTY IS A GO !!!!!!!! CONGRATS!!! ❤🎉❤🎉❤🎉❤🎉❤🎉
Savings are amazing, but it's meant to be spent for what you've saved it for. It would be a mental struggle for me too, but I would still use home savings for the appliance. 😊
Thank you!! It’s definitely party time! I think at this point in the year, I feel at peace with whatever happens now that we have paid off 2 student loans 🎉
I agree with you that I should probably just use the savings. That is what it was intended for. It’s always a bummer to see it go though.
I would definitely use the Home Maintenance Sinking Fund. And cash flow the rest if you can. It's what it's there for and should be a relief that it was there, not a regret that you had to use it. 😊
It’s always hard to see savings disappear, but you are so right that it is something to be thankful for that we had it in the first place! And it does make me feel so much better to know that we don’t have to go into debt for this ☺️ thank you!
Yay yay yay…fedloan 5 is gone💃🏽💃🏽💃🏽 things are good problems to have… deciding which funds to take the money from… I completely understand the dilemma!! I probably wouldn’t use Mark’s unpredicted check because once you get it, you can always go back and backfill Highlander and other debt!!
So true! I think I’ll just use the sinking fund for now, and depending on how fluffy the check is, maybe I can replace a bit of it and still make a good payment to the Highlander. We’ll see! 😬
Congrats on paying that loan off. Cash flow the dryer and do something special for Mark - spend some of that money on some fun!
Thank you!! He was able to buy his PlayStation this month, so hopefully he’s happy for a while 😄 he was really looking forward to that, and he’ll be off for two weeks after this week, so he’ll actually have time to enjoy it ☺️
@ I’m glad. I know that it’s hard to think of doing other things with money when you are so motivated by X, but it’s important to enjoy the money too. Especially if he’s been working crazy hours and away from the boys. You should plan a fun family day for all of you together!
We typically use the 0% six month financing on a Lowe's card for purchases like the dryer. Our dryer is 13 years old, our fridge is 10 years old, I'm bracing myself for how much those will cost when we need to replace them. We've made repairs to both of them...I should go whisper encouraging words to them. 😂
Haha it can’t hurt to try to whisper those sweet nothings to the appliances! I’m thankful our dryer lasted as long as it did because we work it hard! Hopefully the next one will make it another 10 years 🤞🏼
Congratulations on being done with mohela. Thats a huge accomplishment i hope you feel that weight being lifted. I would use what you have in the home fund cash flow the little bit of the difference and pay the normal amount to highlander. You’ve got this.
Thank you, Crystal! I definitely do feel a little lighter now 😄 I think that’s exactly what I’ll do with the dryer!
Use the home sinking funds then cash flow the rest. Send more to the highlander. You're paying more in interest on the car than you are making in the savings account.
Very true! The car is at 8%…yuck 😫
Girl, it’s always something! 😡I have nothing too big as far as paying off debt this week. But….we did amazing at adding more debt this week. 😭😭 I had to pay for Invisalign 💸💸and that added another loan. Plus, our small emergency fund that I save a bit every week for, is getting wiped out thanks to Jim’s vision sucking!
Oh no, I’m so sorry, Terra! Life is life-ing for you guys for sure 😫
@KatieoftheHouse right? At least we're prepared and able to have this happen. 3 years ago, it would have been devastating.
Hi Katie, congrats on paying off fedloan 5! thats so funny, our washer went out this weekend >_< we have a repair person coming thursday which is 95 bucks just for a diagnostic, hopefully it can be repaired for less than a couple hundred bucks. ooo that call pay is going to be so nice, i think u have lots of good options. id prob just cash flow it if it were me. ull have more money on the check so u wont miss it.
Oh nice! I hope you can get it fixed rather than replaced 🤞🏼
We definitely have options, and I’m thankful for that!
Congratulations! I know this will be controversial but I would finance the dryer at zero percent and keep the cash or put it towards the highlander. Mathematically, it’s better. I’d keep the cash probably because we’re in an uncertain time and money on hand will be helpful in case a job loss or hours cut or anything. I would make payments on the dryer like the amount divided by the time period for zero interest minus two months. So like a $600 dryer /8 monthly payments if you have ten months of zero interest.
That may be controversial, but I did consider it! And I totally get what you are saying that I could potentially earn more off of that money. I am not opposed to doing that, but right now, I think it wouldn’t be the best choice for me mentally to do that. I only say that because I think it would bother me to add another debt and see a balance increase rather than progress on the debt, BUT mathematically, you are absolutely right! ☺️
Maybe use half of the home sinking fund or take all but $100 of it so it gives you a start to rebuild it? Congrats 🎉no more fed loan 5!
I like that option! For some reason it would feel so much better to just have a small amount rather than nothing ☺️
💯. So happy for you!
Congratulations on paying off the student loan!😃🎉 I’m gonna ask a stupid question, you had somebody come out and look at it just to see if they could fix it? Another question, I’m gonna assume the washing machine is just as old as the dryer was. Did you think about replacing that at the same time so you’re good for the next 10 years? Would you really hope is Mark‘s super overtime pays for it and you don’t have to use your home maintenance sinking fun. That is why you save this money for these types of emergency. Do you have somebody come out and flush out your dryer vent every year or every other year to keep it working efficiently?
Thank you!! I didn’t have someone come out to fix it, but Marc did try. He has been able to fix it in the past, but wasn’t this time. Maybe this was stupid of me, but I assumed since it was so old and since we’ve had to fix it before and it had been doing downhill that it was just time to replace.
I do think I’ll use the sinking fund so I can o it more to the Highlander. We’ll see how much he makes though. Maybe I can add a little back to the home fund? I’ll find out soon ☺️
Great ❤job you got this
Thanks, Heather!
It must feel amazing sending the last installment to your fedloan! 🎉 Since I only get paid once per month, no new investments for me yet, but I am just about to finish transferring the savings for a house to a higher yield money market ETF, which will return about 160 Euros (around 170 USD) per month more than the account I had stored this before. Huge blessing boosting me closer to my goal! Hope you can fix your dryer situation soon and Mark will get some rest. Regards from Germany, Conny
Wow, that’s a big difference. Good call!
It does feel so good to have Fedloan 5 payed off! I’m so glad we were able to do it this year ☺️
Congrats on paying off Fedloan 5! ❤🎉
Thank you, Becca! 🎉☺️
You’re doing awesome 👏🏻 Once all your debt is gone, are you considering paying off your mortgage early ? This is what my husband and I are doing currently. O will need another goal once that is done 😂 I will always need goals !
Yes to always having goals! I feel you there 😂
I haven’t decided yet if we’ll tackle the mortgage early or not. I think we’ll probably focus on investing instead because our mortgage rate is only 3.5%
Hi friend 😍❤️🔥❤️🔥
Hello 😊🥰
Hi, why don’t you make a mix. Using partially time from the paycheck and from the house sinking found can be an option.
I think I may do that if his paycheck ends up being as nice as I’m hoping 🤞🏼
I love how your mind works out each option. But sometimes you need to not over think things. You have limited brain energy, and this situation shouldn’t drain your energy.
You had a win with paying off Fed Loan 5, a reality strike with the dryer, and a solution with the extra call hours pay. Everything being equal: if you still have enough to put towards debt that you budgeted, use any extra to pay for the dryer. If you’re short then take that from the savings.
You wouldn’t take from your savings to pay debt so why would you take from savings to pay for something you can cash flow and still hit your debt target?
Either way, it’s all your money and doesn’t really matter where you pull it from as long as it’s getting paid off without interest.
I do appreciate how you talk it through though. Too often people don’t look at all the options, they just put it in a card and worry about it later.
Keep up the good work.
Thank you so much, Aaron! I do tend to overthink..constantly! I like the way you explained it though. I keep saying that I’ll take from savings to pay for it, but I do like the idea of cash flowing if we can. I guess I’ll see what his check looks like. If I can still make the same highlander payment that I budgeted, then it does make sense to cash flow ☺️ thanks!
Bye bye Fedloan 5. Congratulations. Personally, I would cashflow the dryer with the extra income and keep some money in the household sinking fund. I don't like having nothing in sinking funds. Based on the extra income you guys will receive, I think you will still be able to put a chunk towards the highlander.
Thank you! I’m so glad to see Fedloan 5 go! I guess we’ll see how much he ends up making. Maybe you’re right and I’ll be able to do both. That would be nice ☺️
Yes…home sinking fund!👍🏻
Thank you! 😄🙌🏼
I would use the savings from your SF, that is what it is for
True! I think that’s what I’ll do. I just need to not feel guilty about it 🙄
Every year something costs money. You have the sinking fund to use so use it and build it back up over time. Yay triple yay Mohela is gone. Stay positive things are lighter.
Thanks, Debra! I’m pretty sure I’ll just use the sinking fund. I hate to spend it, but it’s good that I have it ☺️
I definitely feel so much lighter with Fedloan 5 finished! 😄
💕💕💕
💕💕
I’m curious, is there a reason you did not try to get the dryer repaired first instead of buying a new one?
Great question! My husband did try a few things to fix it, but he was pretty sure it was the heating panel, and we didn’t think it was worth putting the money into getting that fixed since the dryer was so old. I think we bought it in 2012 or 2013, so I’m thankful that it worked for so long.
@ Good to know! I know my mom keeps replacing parts on hers to keep them going. I hope mine lasts that long.
@@EmsFitVenture I’m hoping this next one will! I’ve heard that the newer ones don’t last as long anymore 😩
I think at the end of the day none of it really matters as long as you are hitting your goals and spending less than you make. And I don't mean that rudely, I just have come to realize that money is simply money. I used to do exactly the same as you. Sinking funds for this and that, money earmarked here or there. It's all just money that is meant to be spent or saved. Why even have the sinking funds if you aren't going to use the money out of them, ya know?
YES! I totally get what you are saying! I probably do overthink things a bit sometimes, but at the end of the day, you are right: it’s just money, and if we are making progress, that’s what matters ☺️
You done with fedloan 5 that's amazing! If it was me, personally, I'd keep the funds in your SF and cash flow it if you can BECAUSE the funds in your SF are earning 4.00% APY, right? I think you said you had capital one for your HYSA in one of your videos. If you don't pull from the SF you'd keep the funds earning APY and that's more money you'll have down the road.
Not really a transfer but I did pick up a new side hustle. I've been just working at the gas station the past 3 months and got hired as a seasonal employee at honey baked ham. 10-15 hours a week in the mornings it's all extra funds that I'll put towards my savings.
I guess also would depend on what the APR is on your car loan though so I would just do the math and run the numbers.
I would definitely agree if the car loan was around the same interest rate, but it’s at 8% 😫
Congrats on the new side hustle! I’ve thought doing seasonal work. It’s a great idea and you don’t have to do it forever. Hopefully you can really fluff up your savings 🙌🏼
New to your channel 😊 enjoying your videos. Question for you what does your husband do for a living?
Thank you so much for being here! He’s an anesthetist (PA for Anesthesia) ☺️
@@KatieoftheHouse nice!!!
Katie, you might not beleive this, but I actually repaired our dryer a couple of times. They actually are not complicated. As long as the tub spins around, that means the most expesnive thing, the motor is good. Nect most expensive is the electronics or timer, if it is not drying it could be one of two issues, botn not expensive to fix. First, it might just need a cleaning as it coupld be full of lint. It also could be the heater assembly. (Assuming an electric dryiner). I dont think I would repair a gas one).
So if you are up to it. YOu can learn how to fix i, on asite on the Internet, called TH-cam. (perhaps you have heard of it?😁😁 I suspect Marc is not going to want to work on it. and dryers are not that expensive. Personally I would NOT put money is a top of the line one with lots of gadgets. (Most you wouldnt use) And PLEASE do not put this on a credit card you wouldnt pay in full when it becomes due. (No, I dont think you would)
With that said, I doubt ths should be any more than a monthly blip.
Jon
As to your question, as it does seem that you purchsed one. Is does it really matter? You should have been an accontant. You think like one. No matter what account you put it in. The money is coming into the family, and it will be used one way or another to buy a dryer. If you use the "sinking fun" thats cool. If you take it immeadiately from next paycheck that is cool too. And if you want to talke a little from each that is fine too. Just do NOT pay interest on a credit card. THat will make it a much more expensive dryier. (And hopefuly one that you "emjoy)
You’re right! It probably doesn’t matter too much as long as it’s already paid! I probably should have been an accountant 😂 I think I would have enjoyed that job!
As far as fixing it, Marc did try a few things, some of which worked in the past, but no luck this time. Truthfully, we probably could have tried harder to fix it. I was just thinking that since it’s 10+ years old that it wasn’t worth putting too much money into it.
@@KatieoftheHouse LOl now you sound like my wife !! After I fixed it twice my wife was admant I could not do that again. She made me get a new one.
Didnt you just about get done replentishing funds for a house based "emergency"? Im going to VERY ball park estimate and comfortably round the cost of a dryer, refridgerator, etc... at $2k; maybe it should be estimated at $3k or $4k. My suggestion is to slow down on the Emergency Fund until you reach a self-deternined cap on the Household ?Maintenance Fund. In the past year-ish something household related has occurred twice causing you to at least consider tspping into the Emergency Fund. These things are happening often enough to consider them semi-routine unplanned, household expenses. For myself I would prefer to not dip into the Emergency Fund as often and let it remain for an honestly, seruous emergency; even if it grows slower, you absolutely know it is there waiting. - The money still comes from the same sources at the rate it comes in, it just gets divied up differently.
Close, Terry! We used our regular emergency fund this summer to paint the exterior of the house because our HOa said we had to, but we didn’t have a solid “house emergency” fund yet, so I’ve been trying to build it up. So I do now have a house maintenance fund that is separate from our normal EF, but it just isn’t as “beefy” as I’d like it to be yet. We probably should beef up the house fund though. Things happen so often when you own a home 😫
@@KatieoftheHouse Your home and appliances are nolonger new. Up until the latest fridges, major appliances were designed to last 5 years and getting 10 out of them was considered fantastic. Long gone are tge days that the vertical Amana freezer was expected to last 20 years and could go to live 60-70 with anual defrosting and a new door gasket at some time inbetween. Even Maytag clothes washers don't live 20 plus years; longer with some replacement parts in the mix. Heat pumps often need replacing about every 10 years. Many composite roofs only last 20 to 30 years. So yes, if there is cash flow then a beefed up unplanned, house maintenance/ repair fund separate from an Emergency/ lost income fund.