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
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