Save Up For Purchases Using Replacement-Planning

Save Up For Purchases Using Replacement-Planning

These days, when some people want to buy stuff, they whip out the plastic. For life’s emergencies, this is sometimes unavoidable (if you don’t have an emergency fund), but there’s some items you know will need to be replaced and you have a decent idea of when. In those cases, Bankrate writes, you can borrow a technique used by condo-associations called replacement planning. To wit: