Yesterday and today were extremely low key days with us not really doing much or going anywhere. But even though we didn't spend anything per se the bill is going to be coming. That's because on Thursday and Friday we had our roof replaced! Yes, remember a few posts back I spoke about having to use our Emergency Fund? Well that would be on a new roof. It was a tough winter here at the Saskatchewan Savings household. We had some extremely bad leaks that we had to deal with. But we did, and kept the damage to a minimum -- the only room in the house to get damaged was luckily (?) the one room in the house that needs to get completely redone! Although it sucks, things could have been a lot worse. Anyways, so once the snow started to melt we called a few contractors in our area to get quotes. We ended up going with a guy that lives right in our town because he gave an honest quote (G went to the hardware store and priced out everything to make sure and actually ended saving us a few hundred dollars by negotiating - that was a very proud wife moment for me) and we basically flat out told him that if he does a crappy job it's his name on the line because in small towns you can't hide behind a company name when everyone knows your family (that sounds a lot more harsh then how we said it lol). Anyways so they worked Thursday & Friday and I am extremely impressed with how professional he is. He has called G up on the roof a few times to show where the trouble spots were and explain the process, etc. It's nice because some companies don't think it's necessary to teach their clients, but G & I are both learning a lot and now know what questions to ask and things to look for if we ever need to purchase a house again.
Although we still haven't gotten the bill yet we know we are going to have to dip into our emergency fund. Luckily we have enough in there to pay for it in full and still not drain the account. Our plan is once we have our LOC paid off in a month or two we focus on bumping up on EF for a few months until its at our comfort point. This shouldn't be difficult to do given that the LOC payments eat up at least 40% (if not more) of our budget each month. I think to prevent this from happening in the future I am going to open another savings account for anything to do with the home, that way the two accounts have very different purposes and it doesn't get messy/confusing.
If you are reading this post would you mind telling me in the comments if you have different savings accounts for different reasons or end goals? Is it helpful or more confusing keep track of everything? Thank you in advance if you share!