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Money Drain: Ignoring Repairs Makes Large Bills

Last year I noticed our water heater was beginning to leak.  Usually we can  fix it by tightening a pipe or something, and I don’t generally worry about it because we have a concrete floor and a french drain.  I kept putting off buying a new one until one month I received an electric bill that was double (approximately $260) what it normally was.  Needless to say I immediately went out and spent the $150 on a new water heater, which could have saved me $100 if I had done it in the first place.

Submitted by: Crystal

Lesson Learned:
Putting off repairs until something finally goes wrong could mean a lot of unnecessary extra expenses.  One piece of faulty equipment could even cause another piece of equipment to go that could have last you a few more years yet otherwise.  Make the investment to get repairs done when you notice them rather than waiting until your costs will be double.

Amount Flushed Down the Money Drain: $100

About Crystal Groves, Google+

Crystal Groves is a farmer, web developer, musician, blogger, and personal finance enthusiast from the back hills of Maryland and Pennsylvania. She started Money Drain as a project to encourage people interested in fixing their financial situation to share their stories and learn from the stories of others. We all make mistakes, but in order to change we have to make changes.

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One Response to Money Drain: Ignoring Repairs Makes Large Bills

  1. Pingback: Money Drain: $1500 Fined and 2 Days in Jail for Procrastinating | The Money Drain

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