Categories: Finance

How to Prepare Your Pocketbook For Unexpected Home Repairs

While it may seem like the new faucet won’t start leaking anytime soon, the truth is problems often happen when you least expect it. Instead of worrying about what the future holds, you can take steps to prevent financial problems from holding you back. Here are some ways to prepare for unexpected home repairs.

Create an Emergency Fund

Similar to medical emergencies, you never know when home repairs might become an immediate problem. For instance, if the roof starts leaking right now, you might lack the funds to hire a professional to fix it. You can start an emergency fund by putting money in a savings account weekly or monthly. This can give you that extra cushion of security you need so you can sleep better at night.

Gain Self-Discipline

Next time you’re thinking of purchasing something as expensive as a new car or even smaller items such as restaurant meals, consider whether it’s necessary. For example, you can save money by continuing to drive the car you have now, carpooling, taking the bus or riding a bike. Furthermore, instead of eating out, trying cooking a delicious meal at home. You can also do free activities such as reading library books, volunteering or something else that resonates with you.

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Do Routine Maintenance

Doing routine maintenance can be helpful in preventing problems before they happen. For one thing, if left for too long, some issues will only become worse with time. This could be sewer line repair problems, clogged gutters, or a toilet that’s running. Preventing these from worsening will only help you save money you may need for something else. Try walking around the inside and outside of the house on a regular basis to check for anything that needs fixing.

Learn How to Do It Yourself

While many times it’s best to allow professionals to do their jobs, you can learn to do many simple repairs yourself. For example, you can learn to fix your own auto lights, unclog clogged drains and fix roof vents, among many other things. Consider educating yourself by reading an instruction manual or a free online tutorial.

Preparing for the unexpected, whether this is home repairs or something else, can give you peace of mind. You can start by taking out a piece of paper and pen and making a plan. This can help you keep your thoughts organized so you can stay on the right track. After all, taking care of your home now can mean less stress later on.

Lizzie W: Lizzie Weakley is a freelance writer from Columbus, Ohio. In her free time, she enjoys the outdoors and walks in the park with her three-year-old husky, Snowball. You can find her on Twitter @LizzieWeakley.

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