Just bought a new (for me) condo in FL. We've always kept a sinking fund for household/vehicle repairs but we've added a lot of new (possible) expenses. Golf cart (our first) garage door (always had car ports) much more expensive windows (Hurricanes) etc.
My question is how do all of you determine your fund size? What kind of thinking do you use for exposure to failures? We've only been retired for about four years, so some of you may have some secrets you've learned. All thoughts are appreaciated.
My question is how do all of you determine your fund size? What kind of thinking do you use for exposure to failures? We've only been retired for about four years, so some of you may have some secrets you've learned. All thoughts are appreaciated.