I know this is a lot of money to just be sitting
around. A replacement fund is there for things you know you will be replacing.
When you move into a new house, generally your inspection report will tell you
about how many years you have left on major purchases in the home: the roof,
the water heater, the HVAC (heating and cooling system). If your inspection
said to replace your roof in five years, and it's been 15 years now, the roof
leaking is not an emergency per say it's better labeled as neglect. A
replacement fund is a monthly deposit you make to yourself in preparation of
those major purchases that you can foresee.
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