Our car is becoming a money-hungry beast

Posted by TheNightTrader on Tuesday, December 9, 2008 at 6:59 PM

So far this week we have a rebuilt transmission (thankfully covered under warranty since it was rebuilt in February) and 4 new tires ($490). Still to come are new front brakes and rotors (~$50 for parts), new belt ($20), and an alignment ($60) ... as well as the $1000 medical deductible whenever insurance gets their act together. When it rains it pours I guess! It's frustrating, but I'm so thankful for our financial planning that has kept this from being a disaster. Overall it ends up just being a major annoyance for being without a car, and spending money that wasn't planned.

I was planning on getting a couple new tires this month, and the other two in a couple months. But when my wife got to my workplace to drop off my forgotten cell, I discovered a flat tire. Like totally flat and flopping on the rim :-o! "It just felt funny" Ummm, yeah!! Thankfully the tire store I always use was right across the street, so I left work and limped it over there on the flat without hurting my rim any.

Now the delima ... do I buy 2 cheap tires at full price, or go ahead and get 3 performance tires like normal, and get the 4th free. I really needed all 4 soon, especially with winter upon us, and getting 4 performance tires now with the sale was only $40 more overall than getting 2 cheapo tires now and 2 later. So I now have 4 - 70K mile performance tires on my car. In the process of getting the tires changed they alerted me to the need for new front brakes (the outside pad looked fine, but the inner pad had 2mm left), and a chunk missing from my serpentine belt. One of the front rotors doesn't have enough left to turn it, so I'll have to get a new one. At least I can do all the work myself tomorrow night.

I had already saved back $210 in our car repair fund, so that's decent amount toward the repairs. The rest will either have to come from house savings (just when we were going to meet our $4,500 goal at the end of this month), or the emergency fund. Either way we're blessed to not have to put anything on a credit card :). Stuff happens, so that's why you better plan for it.


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FDX dropped like a rock today on back earnings previews. And just when I was starting to turn a profit on the upside too :-(. It dropped so far overnight that there wasn't any way to salvage my gains on the call. Just have to see if it bounces or continues the plug tomorrow.

AMZN had a nice run this morning, but just couldn't hold above the 50 moving average. It's showing some signs of weakness, so I'm ready to leg out if it drops off.

The rest of my open plays aren't really doing much of anything newsworthy. Just as an update, these are my current positions:
- AAPL Apr 190C
- AMZN Jan 40P/65C
- FDX Jan 60P/80C
- GS Apr 55P/80C
- MS Apr 15P/20C
- SLB Jan 55P/65C

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