Aug 17 2012

Misc. financial updates


1. We’re not renewing our home warranty after all. While true, it could save us a ton of money if we needed to file a claim in the coming year…we just decided to self-insure. It could be that we don’t have any major repairs for a few years, and if that’s the case then our premium would be a waste.

Also, there’s no guarantee that they would cover the repair or replacement. So far, I’ve been impressed with the company but you just never know. Shane pointed out that we could regret either decision — if we renew and have no claims, we might regret spending the money to renew. And if we don’t renew and have a big expense, we might regret not having the warranty.

There’s no way to know the future. In the end, we’re opting to just save up for repairs ourselves. Let’s hope this is the right call!

I’m transferring that $429 premium we would have needed to pay to an earmarked savings account for house repairs, and we’ll make a plan to regularly fund that account.

2. Still not sure about our health insurance. Good grief. I think that’s all I can say here about that, but we’re working on getting it squared away.

3. Still working on our mortgage refinance. Waiting to submit Shane’s paystubs to the lender, and then we should be able to close.

Kind of a boring update, no? No real news. Just kind of hanging out waiting for things to happen. It could be worse!

Hey! I'm Kacie, wife and mother of 3. I write about my family's finance: how we save money, improve our spending, and plan for the future.

I hope I can inspire and encourage you to improve your situation. See disclosure.

I'm adopting a much slower-paced posting schedule, and treating this as a hobby blog now.

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