On Mar 27, 2009, at 8:47 AM, Patricia Cross wrote: > On Mar 27, 2009, at 9:07 AM, Kevin Hoctor wrote: > >> I didn't mean to suggest that you personally are doing something >> useless, my comment was more general that time spent managing what we >> do today and spend today is much more productive than trying to >> predict what might happen down the road. The best we can do is build >> ourselves some financial protection against the unexpected. > > I disagree, slightly. Or rather, I think that far more expenses > should be "expected" than most people plan for. No, you can't know > that your fridge is going to die this year but you certainly can know > that you generally end up spending $X per year on home repair and > maintenance and therefore should plan for that. You don't know that > your car is going to break down in July but you do know that you've > averaged one $500 repair bill every 15 months for the last several > years, so you can plan for that. > > Once my family realized that most of what we were calling "emergency" > expenditures were actually expenditures that could and should have > been predicted, we got a much better handle on our money flow. Means > we have a lot less money available each month for dining out, but we > DO have money in the bank for when the cv joint on the truck goes bad.
Trish, You're correct. There are some financial events that we have to plan for in some way. I know that our cars tires will wear out and the 100K service will be more expensive than others. I know that certain appliances are getting old and may need to be replaced. I guess I'm just so bad at estimating what might happen that I have to continually build my savings so I can stay ahead of whatever I might miss. Peace, Kevin Hoctor [email protected] No Thirst Software LLC http://nothirst.com http://kevinhoctor.blogspot.com --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
