A few years ago, my husband was out of town and I'd taken my youngest to run some errands while my other kiddos were at extracurricular activities.
We stopped at several different places, and sure enough at our very last stop my car completely stalled.
Now, I know nothing about cars, and of course (really?) I left my phone at home while hurrying out the door.
So I was completely stuck, and ever so thankful for the sweet man who helped jump start my car. When I got home, I called my husband and he suggested I take it to get a new battery ~ thankfully they fixed everything right up and the car was just fine.
So why on earth am I telling you all this? 😉
While it really wasn't a big deal at all, for a few minutes I was stranded, with no phone, no one really to call to come save me, and I was pretty worried.
However, I wasn't worried at all about the cost of the repairs, because I knew we had saved for exactly this situation.
We had enough set aside in our car expense budget, and even though the situation was stressful, I could at least check that one off my worry list.
Wanna talk real numbers?
We've been fortunate and haven't needed much work on our minivan, so whatever additional money is put in that account now goes towards a new car fund when we need one. (Our car now has 189,000 miles on it, and it won't be too long before we're needing it!)
It's worth keeping a minimum $700-$1000 in that account because I know just how quickly those car repair bills can add up, but you may decide on a different number, especially if you already have an emergency fund.
I really can't tell you how much peace comes from having money set aside for specific items in our budget. Right now the big ticket items we save for monthly include home repairs, gifts, yard projects, a vacation fund (our favorite!), clothing and even our kids activities. If you don't have a written budget, schedule a few minutes this week to get started. (It will give you so much freedom!) And while I know it's not always fun to put away some of your hard-earned money for not-so-fun expenses that pop up, I promise it's so worth it.
Do you save towards car repairs or other specific items that you know can bust your budget? I'd love to hear how you determine what to save . . . leave a comment to share!
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