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Updated over 4 years ago,
Setting aside cash for capex
Hey BP quick question,
When setting aside money for capital expenditures, how much would you vary based on age of certain expenditures? For example, a house that needs a roof in 10 years vs. 5 years and HVAC in 8 years vs. 2 years.
I'm just throwing numbers out there but would I do something like this?
$75/mth roof, $50 hvac/mth
vs.
$50/mth roof, $25 hvac/mth
Thanks for the help!