I am starting to think I should start a blog dedicated solely to chronicling the real costs of owning a home, including all the things you have to fix that you never even thought about existing. Sure, when we bought this house, we knew we’d have to update a few appliances, and hopefully redo some of the finishes in the house, but there are many more things to a house than I’d ever truly thought about. Oh, the joys of being a hopelessly naive first-time homeowner.
Two nights ago we tried to run our a/c for the first time this year. I say tried, because once we turned it on, the a/c, the blower in the furnace, and the garage door opener all stopped working. Resetting that circuit on our circuit breaker fixed the problem, as long as you didn’t run the a/c. My spouse tried running it again last night (because he can’t leave well enough alone) and we couldn’t even get the circuit to reset once it shut itself off. We had called and set up an appointment with the people who installed the furnace for this morning, to make sure that it wasn’t something to do with the new furnace installation.
Well, they’ve been and gone, and he said that it has to do with the circuit board. I am not an electrician, so I can only pretend to repeat what he said, but in essence, the board is old, the “tabs” are loose, whatever that means, and that lets the circuit that keeps not working draw too much power (or something, I guess, I seriously didn’t really understand at all) because it is loose. He tightened the tabs and it works, for now, but for now is the operative word. According to his work order, he “tightened tabs on back of breaker so it would make better connection on the buss bar” whatever that means. He really did try to explain things to me but I had no idea what he was talking about, and I was upset, so I didn’t take most of it in. I’m sure everything I just said makes zero sense to an actual electrician.
Just once, I would like someone to come here and say “Oh, this is simple to fix, it is just this and ta da, all better” instead of “Oh this whole thing needs to be upgraded/replaced/etc”.
My spouse is calling electricians this afternoon to discuss what potentially this is going to cost and get some estimates, but I am certain it will be expensive. Honestly, with this, my wisdom teeth coming out on Friday, and the colonoscopy in a few weeks, I just don’t think we are going to be able to travel to the taekwondo World Championships this year. It is one thing to put debt reduction temporarily on hold to follow a dream, but it is another thing entirely to go into more debt to do so. We’ll have to see what happens with the electrical, I guess.
So, on to May’s financial wrapup, since we’re at the start of June already. We actually had a pretty good month in May as far as income coming in, since it was a three paycheck month from my spouse, and I did pretty well with taekwondo as far as recruitment bonuses. Add to that the economic stimulus check, and we had an incredible month as far as money coming in. However, we also spent an incredible amount of money, since we put in a new furnace. All in all, after figuring the amount we need to carry over to next month from this month for irregular expenses, we have a surplus of approximately $1132.12. Which I am sticking into our emergency savings account. Normally I would split it half and put half each to debt reduction and savings, but I need to pay ~$155 for the wisdom teeth removal Friday, and then also need to wait and see about the electrical problems. So the entire surplus will sit in savings until I figure out what needs to happen. As far as upgrading the electrical board in our house, I can gather together about $2500 within a week or so to go towards the electrical problems without having to turn to any kind of credit, past that, I’m not sure. We’ll see. I have absolutely no idea what these sorts of things generally cost. Hopefully my spouse will have insight into that by this evening.
If it is not one thing it is another. Apparently we’re not destined to be out of debt any time soon. All this is just underscoring to me the importance of being out of debt and being able to prepare for the inevitable problems of home ownership and, in effect, life. And here I was just yesterday dreaming about tankless hot water heaters…