We knew there was nothing wrong with our HVAC system, but we were considering what would happen if the furnace or air conditioning unit broke.
We knew they were machines, and although theoretically they should last fifteen years or more, we didn’t want to wait for the fifteen year time frame to occur.
We were already looking at the price of new HVAC systems for the house, hoping to have most of the money in the bank before that time arrived. We wrote down the model of AC unit and furnace we had, and started looking them up. They no longer had that make or model, but there were similar HVAC systems. They were more expensive than we had paid for ours, and that was to be expected. Prices had risen drastically in the last ten years. I did the figures and came up with an annual price hike percentage per year. Over five years, the HVAC system would be so expensive we couldn’t afford a new one. We knew how much we had to put in the bank every year, but we also knew it wasn’t going to happen. It was more money than we put back for taxes, vacation, and emergencies. My husband looked at me and told me we would need to take out a HELOC if we had to buy a new HVAC system. I shrugged and told him we would do what we had to do. I could always work a little more which could give us another $1000 a month. He smiled and told me he was glad the new HVAC system was hopefully another five years away.