I finally got my car into the shop the other day to get my turn signal fixed. My car has had lots of small issues lately: from the battery that needed replaced in January, to the diagnosis I got regarding my tires that need replaced, and finally the turn signal issue.
Before I started my journey to becoming debt free, I NEVER had issues with my car. Sure, I had to fill up the tank with gas, pay my car insurance monthly, and the annual tags and taxes, but I never had to repair or replace anything. It’s only now that I’ve gotten serious about saving and paying off my debt that I’ve run into maintenance and repairs that need done.
This trip to the shop turned out okay though. I took it in to get the turn signal fixed, I couldn’t even turn the left signal on and I didn’t want to risk getting in an accident or getting a ticket for failure to signal. It was in the shop only for half a day. I dropped it off before work and got to pick it up over lunch. I was expecting to spend around $100 on this repair, I know nothing about cars I just wanted to be prepared for how much it would cost me. When I went to pick it up, I found out that I got away “under budget” for this repair. My total was $87.47.
If you’ve been following my journey, you know that I set some cash aside every month for car repairs and maintenance. I had $45 set aside for this purpose, so I wrote them a check for $87.47 then went to the bank and deposited the cash, I also transferred the remainder ($42.47) from my emergency fund to cover the repair. Thank goodness for my emergency fund! It was the first time I used it, but I’m sure it won’t be the last. I’m just glad it’s there for me to use when I need it. For me, the key is to make sure I don’t abuse it and use the money for unnecessary expenses.
Do you have an emergency fund? Have you had to use it yet?
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Photo courtesy of: 401(K) 2012