Expected Lives

I believe it is important to have 6 months of expenses in an emergency fund kept in an accessible account.

There are things in our lives that have expected lives. We know a refrigerator won't last forever. Bob and I have had to replace our water heater. Also, our roof, our furnace, and our asphalt driveway.

One resource published these expected lives in years:

Car 10-15
Microwave 11
Refrigerator 17
Washer/Dry 13-14
Gas Range 19
Water heater 11-14
Center A/C 15
Gas furnace 18
Asphalt shingles 15-25
Carpet 11
Asphalt driveway 10

Besides our emergency fund, we save regularly toward these purchases we know are in our future. We just replaced our 10 year old car. Our furnace is 13 years old and our roof is 20 this fall.

'til later