Good morning from the land of Lincoln (which is sizzling hot at the moment, 95 degrees yesterday, same for today) . . . ugh.
After reading the latest posts I went to the basement to check out the water situation. NO WATER on the floor . . . YAY!!

As much as I hate to admit this, I have no idea what is what in the basement (I know where the furnace is and the water softener

). There are two other appliances down there - one being the hot water tank and

?. I guess what I "thought" was the hot water tank really isn't the hot water tank.

Come on, give me a break, I'm not suppose to know about these things . . . I take care of the things UPSTAIRS, not in the basement!! LOL
Pooh, there is a blue tank w/rubber bottom (at least it looks rubber to me) under the stairwell (kinda reminds me of a rocket . . hmmm, is AD parking some of her ships in my basement??

) I'm "guessing" this might be the holding tank you refer too? I had a good laugh when you asked if my hubby drains the tank . . . . are you kidding . . . .
NOT!! If it weren't for me, the water softener would run dry - he never checks it!!
Like most things, I will have to
keep at my hubby to get a new hot water heater now before we are in real trouble. (Now don't get me wrong . . . my hubby is a good guy - he just doesn't look after things like some guys do.)
I'm guessing, when we get the new water heater should we also get a new holding tank at the same time? (NO, I'm not blonde . . . like I said, the basement stuff isn't my area!!)
I'm sure our furnace and air conditioning unit need upgrades too. (Just keeping my fingers crossed everything doesn't decide to conk out on us all at the same time!!)
Thanks for the link Linda. WOW . . . a 34 yr. old refrigerator and a 23 yr. old microwave!!

That's why we replaced our fridge, so it would be more cost effective. (I got one of the ones with the fridge on top, freezer on bottom . . . love it!!

). I bet your microwave is one of those BIG ones that take up a lot of counter space (unless you have yours on a cart).
I hate to replace things when the current ones are working (why fix it, if it ain't broke) . . . however, I do know things made today are more energy efficient than the older models. The thing I dislike about the new stuff, it's all plastic - whereas the older stuff is "real" shelving, drawers, knobs, etc. That's why we live in a disposable society today - when something breaks it's cheaper to go buy a new one than to fix the old one.

Ok . . . now I have to start doing some "homework". I need to figure out what size tank we need, do some on-line comparison shopping, blah, blah, blah.
Thanks again everyone for your helpful advice.

Bucky