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Payday and My Challenge

March 10th, 2017 at 07:24 pm

Okay, so I have hit a major snag in my plan to pay off cc #1 this year. So, the story goes that last Thursday, the water heater officially died, hence the removal of $500.00 from the house account. It wasn't something I wanted to do, but by the time the plumber arrived, my husband said it was spewing water out the top of the unit. I have not written the check to cover it yet, but it is covered. Fast forward to Wednesday this week when it was 36 degrees outside and our very old furnace was blowing cold air. My husband called a local company to come out and work on it. They "fixed" it, but told us it has a max life of 5 years left. So, we made a mental note to step up the game on saving for the hvac right away. He scheduled a visit with the same company to come out and do a free in home estimate to replace the furnace and a/c. It was basically window shopping so we would know what to shoot for in our savings plan. That same day the furnace quit again, so we began to look more seriously at the quote. The quote is $4564.00 to replace a/c, furnace, thermostat, and a concrete pad for it to rest on. I still had 94% of the tax refund sitting in savings, as we used $95.00 of it to get a new yard/security light installed. When we finally made our minds to accept the quote, we transferred the rest of the tax refund to pay off a large portion of cc #1 in order to cover the cost of the repair. I am definitely going to step up the game of surveys and rebates and not buying non-essentials, like right now!

6 Responses to “Payday and My Challenge”

  1. My English Castle Says:

    Oh my. Lots of replacement all at once. But it's done--and hot water and heat and certainly worth it!

  2. crazyliblady Says:

    Well, not quite done. The a/c and furnace won't happen until next week sometime. We had to mail a form (order form?) to them to authorize the order and installation. The only thing I don't like is that this will drive up our credit usage very high on that card. But I have committed to buying very little non-essential stuff until we get it under control. The new units will mean good things for our power usage in the future, but we are on a budget billing plan for gas and electric and won't see that change until fall.

    Upcoming payments I know I can make on this debt include:

    $3.00 in a week or so from a Pinecone survey
    $100.00 on 3/24 from my next payday
    $67.10 on 4/1 from vp's payday
    approximately $10.00 or so likely from mrrebates
    $5.00 in about 5 weeks or so from epoll

  3. VS_ozgirl Says:

    It's a big outlay but it sounds like you have some good plans in place to get it paid down. And it's always good to know that you have the means to cover emergencies like this when needed Smile.

  4. Merilee Says:

    Does your local electric/gas company offer a rebate on new furnaces, etc. It is worth checking into since many of them do.

    Have you checked to see if your local utility company offers a rebate on new installations? It is worthwhile to do Some of them offer a nice rebate since you will be getting energy efficient equipment.

  5. rob62521 Says:

    Ouch! Hate it when stuff breaks down all at once!

  6. crazyliblady Says:

    I have checked the manufacture's website for rebates, but no go on the one we are getting. We would be golden if we were getting something solar powered. I would love solar powered anything, but am guessing it would be a lot more expensive. As for the IRS tax rebates, there is nothing currently available that fits, but we will need to wait until next tax filing season to see what's available. We will keep all receipts and the manufacturer's certification statement. The IRS website says that is what is needed to qualify for a rebate.

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