Welcome to RV UNIVERSITY, Anonymous Thursday, March 28 2024 @ 10:49 am UTC

DO YOU HAVE AN RV EMERGENCY FUND?By Peggi McDonald author of "RV Living in the 21st Century".

  • Sunday, August 07 2005 @ 05:25 am UTC
  • Contributed by:
RV News and Stories No matter how long John and I have been RVing it seems our
learning continues. ..... I have always recommended that every RVer
set up an Emergency Fund of about $5,000.00 to cover unexpected
breakdowns on the road. John believes in extensive preventive
maintenance so we never expect to use this fund and since we
didn't want to tie up non-invested cash, our ‘fund’ is a
zero-balanced credit card. This way we can pay for problems and
make minimum payments until we return home each summer to
rearrange funds to cover the incident. However recently we
discovered there is also value in setting-up a separate
contingency fund to have money available to cover periodic
expensive maintenance and upgrades. By adding an amount of a few
hundred to an account each month, cash will be available for
upgrades, new amenities and expensive repairs down the road -
it will also be there for major component replacements as
your RV matures.

For more information about Peggi's new book, go to:
http://rveducation101.com/detailpages/RVLiving.htm

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