6 Easy Ways To Save Money Around The Home

Topics: Reading time: 4 minutes

After a long day, everyone looks forward to getting home and putting their feet up but sometimes our homes need attention as things tend to wear and tear over time, creating a constant “to-do” list of home repairs to keep on top of.

You can save money by simply making a few repairs around your home yourself. You can learn to fix things with just a few tools, a well-stocked toolbox and on some occasions a quick trip to your local hardware store for replacements. Just be careful when doing your home repairs so you don’t injure yourself along the way or create more work to do.

Getting started

When carrying out minor repairs at home, the most difficult part lies in getting over the apprehension that you may not be able to do a good job. Remember that you can learn the basic skills to do minor repairs at home. In fact, you can turn to the Internet and the likes of You Tube to learn how to carry out simple repairs such as:

  1. Fixing a blown fuse wire
  2. Repairing a broken drain pipe
  3. Unblocking a choked sink or basin
  4. Carrying out minor paint jobs at home
  5. Fixing broken tiles on the floor
  6. Fixing a door knob or handle

 

These tasks are very easy and can be done yourself, saving money from hiring professional help.

1. Fixing a blown fuse wire

This is something that happens a lot whenever there is large fluctuation in voltage. Sometimes there is a power surge which may cause the main fuse wire in your home to blow out. The fuse box is often directly connected to the main electrical supply and it is a protective electrical device meant to protect your electrical and electronic equipment from damage due to high voltage. In such a situation, you might be tempted to call in an electrician to repair the blown fuse. The fuse wire costs very little but paying for the services of an electrician can set you back considerably. All you need is some fuse wire which you can purchase at most hardware or electrical fixtures stores.

2. Repairing a broken drain pipe

Broken drainpipes can be very messy. Although the idea of fixing a broken drainpipe can be daunting, know that you can fix it yourself. A professional plumber is going to charge you hundreds of dollars for just a few minutes of his time. You can easily learn how to do this yourself and if you’re unsure where to start, check out some videos online that can offer you a step by step guide on how to fix a drainpipe.

3. Unblocking a choked sink or basin

Over time, drains and sinks in the kitchen tend to get clogged. Often plastic waste that should not be thrown down a drain or sink is allowed to go through and over time, it will clog up. It is tempting to call in a professional to unblock these drainpipes but this is something that you can do quite easily. All you need to do is buy some drain unclogging chemicals available at hardware or grocery stores and then use a large stick to push down anything that is choking up the drainpipes. Simple!

4. Carrying out minor paint jobs at home

Once in a while your home may need a fresh coat of paint. You may have noticed that a corner of your kitchen has paint peeling off from one section of the wall and it looks dirty and damp. You can easily fix this by purchasing some paint and a few cheap brushes. You will need to scrape away the underlying paint first before repainting. You can do all of this yourself without having to pay for a professional painter. Worse comes to worse, if you make a mistake that you can’t undo, you can call in the professionals. So you may as well try it yourself first.

5. Fixing broken tiles on the floor

Broken tiles on the floor can be a real nuisance and needs to be fixed promptly. You certainly do not want people stumbling over a broken tile in the kitchen or bathroom and injuring themselves. At first, this may appear to be a job strictly for a trained professional but this isn’t necessarily the case.

You will need some gypsum and cement and a few basic tools to cut away the broken tile and prepare space for the new tile. You will also need to buy a tile of the required size and design so that it blends in perfectly. Again, there are so many resources online to guide you through.

6. Fixing a broken door knob or handle

A broken doorknob or a door handle needs to be fixed pretty quickly (you don’t want to find yourself on the wrong side of the door). All it requires is a set of screws and a screwdriver and possibly an electric drill (which you can purchase at a hardware store or borrow from a neighbour) to make a few extra holes in the door. If you need to replace the door handle, you can also get one of these at any hardware store.

Prepare yourself so you don’t have to go to your credit card

There is nothing that you can’t fix at home all by yourself. All you need is some training, a set of tools and the willingness to give things a go. The money that you save in labour charges can be immense and keep you out of debt. Just think about what you can do with the money that you can save and the knowledge you have gained by being your own handyman!

If your home repairs are going to cost more than you have in savings, there are still options. You can arrange smaller and more affordable renovations or repairs and pay for them within your means. If there is equity in your home, you could explore mortgage refinancing as a way to pay for your renovations and even consolidate some debts. Be mindful that you will be paying off your debts over a longer period of time and potentially paying more interest as a result.

For more information about your options, we’re here to help you. Speak with us today by calling 1300 368 322, chatting online or submitting your details in the online enquiry form. Our licensed mortgage brokers are accredited with the major banks as well as second chance lenders. We have the experience and know how to get the best result for you.

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