Our aim this month was to send more money to savings; instead, we spent a bunch that we hadn’t planned on spending. That’s one of the downsides of home ownership: when you wake up one morning to discover that your hot water heater has gone kaput, it’s up to you and your wallet to get it fixed.
Once again, this experience underscores the importance of a contingency fund, and of habitually spending less than we earn. Although I think that we need a much larger household/appliances fund than we started out with, since ours has been pretty much depleted after the many things we’ve needed to repair/pay for recently.
But more importantly, the experience reminded me just how lucky we really are. You see, we HAVE somewhere to live. And we had the money to pay for the new water heater (because we have an income that provides for more than the bare necessities.) We have a computer to look up the plumber’s number on, and a phone to call him with. We have a garage full of odds & ends that needed to be moved out of the way. We have a gym to go shower at. We had bottles of emergency drinking water available to use for cooking during the whopping half a day we were without water. (Plus of course we normally HAVE running water.) And most mornings go smoothly and seamlessly.
So while increased financial responsibilities can be considered one of the downsides of home ownership, it’s also something that I’m grateful for.