Unexpected expenses

[foxfirev5]

I think you really need to assess your situation and take an age inventory. Our home expenses have been nil for quite a few years. However, our home is turning 18 this year and our lake house will be 12. Just like teenagers it's going to get more expensive.

[Live And Learn]

I have a few buckets for large expenses. My budget includes 1.5% of house value per year ($2,700), I have a separate "one time expenses" budget of $3k annually (this will cover replacing cars and anything that the $2700 in house repairs dont cover). I also have $100k held outside my portfolio to "prime the kitty" for these types of things.