Today's Focus

Current Goal: Automate Savings and Mortgage Paydown

1) Extra $1,100/mo. to mortgage
2) $1,000/mo. to short-term savings
3) $400/mo. to investing

Previous Goal: Eliminate Mortgage on Rental Property
Interest Rate is 5.125%!

January 1, 2019: $59,592
August 11, 2020: PAID!


Search My Frugal Miser

Wednesday, October 7

How an $89 Repair Saved $550 in 10 months.

 

Even someone as "aware" as I try to be can lose focus.  Our Airbnb, which is our most profitable rental property, was suffering from high water bills last year.  I chalked it up to guests taking long showers.  But I had been ignoring a slow leak at the hose bib in the backyard.  Only after a guest mentioned the leak did I decide to address it.

So, how much did this slow leak from a single faucet cost me?  




From the December 2018 bill to the August 2019 bill, which represents 10 months of usage, I paid $1,206.29 in water bills.  For the same period in 2019, I paid $655.53.

Total Savings:  $550.76

I bought a deal on Angie's List for the repair.  The plumber completed it in 5 minutes.  I had no idea how much that "small" leak was costing me.










No comments:

Post a Comment