Monday, May 17, 2010

News Roundup

Why An Emergency Fund Matters

Is your emergency fund big enough to replace the tires on your car?

Over the weekend we had to make use of some emergency finds.

As we were going out on Saturday night we ran over a nail and got a flat tire, just as we were going into a left turn lane with a red light. It was a two lane turn so we weren't really blocking traffic.

I turned on the hazard flashers and set out the triangle (lesson learned: put it far enough over so people will avoid you and not just the car.)

A friendly police officer pulled in behind us just as I was getting the jack set and offered to help, which was fine, as that let me unpack the spare and everything else.

A big plastic bag is great for putting the dirty old tire on to keep things cleaner in back.

I had noticed that one of the tires was getting a bit low in tread back on the equinox, so I have been looking into new tires. I figured I had a couple of more months but this forced the issue. Actually two of the tires were bad and needed replacing.

Tires are pretty much a commodity at the low end, and with more then 100,000 miles on the car I am not going to put really great tires on it. Depending on the sales you may be able to get a good deal but mostly the real variation is in service and other fees.

The real thing comes down to trust. I eliminated one store outright because they were hard selling me when I came to look, and I did not like them.



Friday, May 14, 2010

What are the Most Important Rooms of Your Home?

After reading Millioniare Mommy's post on how much a spare room costs. I got to thinking about what are the most essential rooms of our home.

Since we live on the Great Plains having a safe room is important. Last Spring we had tornados within 5 miles of our place for two weeks straight. It is also the bathroom so we get some multitasking action going. While a basement or steel reinforced concrete safe room would be ideal, we go with what we got. Our dream home has something better.

Obviously, if you live in a flood zone your safe room should be upstairs, if you live in/near a potential terrorist target city you have different concerns too.

The bathroom is vital for personal hygiene. The kitchen and pantry for food storage and preparation. The bedroom for sleep. The laundry to keep clothes and bedding clean. Finally, the utility rooms feeds those rooms with water, electricity and warm/cool air.

This is not a floor plan but an idea plan. In real life it wouldn't be unusual to have 2 pantries, a small one in the kitchen and a bigger one in the garage or basement. Most homes would have more then one bedroom and bathroom.

Obviously, you need a dining room or eating nook to sit and eat in, and a living room or family room for sitting in. But ask yourself how much you really need.

I've seen 4 bedroom/4 bath homes with 3 kitchens and 4 dining rooms. Just crazy. And then I've seen homes remodeled to make big holiday family meals easier but only get used twice a year. Something I want in my dream home is an eating nook that is open to the living room so we can extend the table for Thanksgiving and Easter when everyone comes over.

News Roundup

US faces same problems as Greece, says Bank of England
Millions of jobs that were cut won't likely return
The Toaster Project by Thomas Thwaites
Low runoff could affect farmers, rafters, fish in some Colo. basins
Speech Restrictions Aimed at Making Sure People Act in “Right-Thinking” Ways
NASA fuels space shuttle Atlantis for final voyage
Do you know how many dollars your spare room is costing you?
Carnival of Personal Finance: The Origin of the Piggy Bank

Thursday, May 13, 2010

The Blackout Box

It sure is Spring in Colorado. It snowed again and of course the lights started to flicker. They didn't go out this time, praise be, but they will likely go out again sometime soon.

Does the power go out often where you live? Do you have things handy to deal with that?

Flashlights are obvious, they give plenty of light and are not a fire hazard. I like LED based flashlights, since LEDs use only 10% of the energy of an incandescent or Krypton bulb the batteries will last way longer. A regular D-cell flashlight will last a few hours before the batteries die, an LED flashlight can last a hundred hours or more. You can get replacement LED bulbs for many regular flashlights.

How big is the blackout? Why did it happen? What is going on? A battery powered radio is an important tool in getting that information. Information is empowerment for survival. A simple AM/FM radio is all you need to start with. Your car has one, but you'll want to run the engine for a few minutes out of every hour to top off the battery.
As an upgrade a radio that can receive weather alerts can be handy, especially if you live in an area prone to tornado and other weather events.
To cover really bad incidents a shortwave or world band radio will allow you to tune into stations from around the world.

A little entertainment can go a long way to wile away the time until the power comes back. Some games, and books would be helpful. Coloring books and crayons or colored pencils would be good for kids.

If the blackout lasts more then a day you have to worry about food in the refrigerator and freezer spoiling. Always keeping a few extra jugs of water, juice or soda will keep things cooler longer. A few partially filled bottles of water in the freezer will stretch things out for the freezer. Many homeowner's and renter's insurance policies cover spoiled food so check with your insurance company for procedures.

If  the blackout lasts more then a few hours and the weather is really cold or really hot you may have to worry about being able to stay warm or cool. If you live in the American South or SouthWest, have a generator and have someone that is sensitive to extreme heat like babies and the elderly, consider getting a small window air conditioner and setting up a cool room to help them survive.

A generator is great for as long as it has fuel. Make sure it is outside and no the garage with the door open does not count. Even if it is outside make sure that the exhaust is pointed away from the house. Most walls are not airtight so carbon monoxide can migrate through the wall the exhaust is facing, penetrate the house and kill you.

News Roundup