http://www.paidtwice.com/2009/04/27/when-i-am-out-of-debt/#comment-99999 Carolyn Tue, 28 Apr 2009 14:47:34 +0000 http://www.paidtwice.com/2009/04/27/when-i-am-out-of-debt/#comment-99999 That's funny, because a new refrigerator is what I'll be getting when my debt is paid off next year too! Mine is 16 years old, and, like you, I want to replace it on my timeline, not as an emergency. I've been causally pricing them, and I'm pretty sure I can get a good basic, energy-efficient model for $600 or less. Then I have a whole list of things that will need replaced - tires, the rest of our appliances (all bought the same day as the refrigerator), mattresses, etc. After the 'frig, my intent is to save up the cost of whatever I'll be buying plus $1000 for the emergency fund, make my purchase, then save up the cost of the next item plus $1000, etc. I know it will take several years to get through the list, but I think it will work out just fine. That’s funny, because a new refrigerator is what I’ll be getting when my debt is paid off next year too! Mine is 16 years old, and, like you, I want to replace it on my timeline, not as an emergency. I’ve been causally pricing them, and I’m pretty sure I can get a good basic, energy-efficient model for $600 or less. Then I have a whole list of things that will need replaced - tires, the rest of our appliances (all bought the same day as the refrigerator), mattresses, etc. After the ‘frig, my intent is to save up the cost of whatever I’ll be buying plus $1000 for the emergency fund, make my purchase, then save up the cost of the next item plus $1000, etc. I know it will take several years to get through the list, but I think it will work out just fine.

]]>