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Old 01-01-2009, 08:43 AM
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jIM_Ohio jIM_Ohio is offline
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In 11 years I am on dryer #4. In fairness one dryer was left at condo as part of purchase agreement. 2 others died within 6 years of each other.

My general philosophy is to have a repair/maintaince budget for stuff.

For example consider:
new HVAC once per 20 years, cost $2000, budget $100/year for example.
new roof once per 30 years, cost 9k, avg $300 per year.
new washer/dryer once per 8 years, cost $800, avg $100 per year.

Add all that up (and similar things to include like hot water heater etc...) and you need that in your budget (maybe $2000 per year) and a that to short term savings.

Most people see me suggest 15/5. 15 percent of gross to retirement. 5 percent of gross to short & mid term expenses. A person should have the cash on hand to fix this without touching the EF. Take the 2k for example out of the 5 percent of gross.

That was the long answer, short answer is I would replace after 4-6 years.
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