Sometimes having a warrantee actually pays off!
Warrantee’s sometimes get a bad rap, but sometimes it sure as hell pays to have one!
Sunday night our washer kicked the bucket. It refused to work, made horrid noises, and because it’s a front loader the door was locked and wouldn’t open. I was beyond pissed, and prayed that the extended warrantee I had taken out on my washer and dryer was still in effect. Thankfully, it was! It’s good until January 2014, talk about down to the wire…lol!
I was able to get a repairman in to see it today, and sure enough, the pump was broken! All parts and labour covered! If we had to pay for that repair….well we couldn’t have! We have nothing saved because of the debt situation we’re in!
That got me to thinking. Dave Ramsey suggests that you save $1000 before you begin any extra debt repayments (but you continue to pay the minimums of course. #1, we hardly HAVE anything extra, and when we do it’s very little. Do you know how long it’ll take us to save that? I see the benefit obviously, if something unexpected happens, we’re covered! #2, I want my debt repayment to start NOW!
So what do I do? Do I take a few months to save an emergency fund, or do I throw caution to the wind, and start paying extra on my debt whenever I can?