Maintain your Cars and Home to last longer
We teach our boys to maintain their cars and home to make them last longer and save money. Without proper care things can break down faster and cost lots of money. This is why this is one of our Financial Freedom rules we teach our boys.
I am far from being a car mechanic or a home repair expert so these numbers come from my experience and the experience of others I have worked with. Year to year cost of repairs can range widely also. We have had some huge things all hit in some years and other years hardly any. That is another reason to keep your Emergency Fund completely funded.
As always, I am not giving you any Financial Advice and you should seek advice from your Professional Advisors to see what is best for your situation. See my Disclaimer at MillsWay.com. This is for entertainment only.
Car Maintenance
Last year our car maintenance and repairs were only $921 for our three cars. We had a really good year. Normally I have heard of repairs running people up to $1,200 a year per car. Last year our car repairs were 1.2% of our home Income and others years it has ran up to over 3%.
We teach our boys to do the following to help maintain their cars to last longer; To get more details listen to the whole Podcast Show.
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