Learn How to Manage Your Home Budget in 2022

Steps to start taking to plan for unexpected expenses

From the LifeMinute.TV Team

November 21, 2021

With the housing market exploding this past year, now is the time to take stock of your home finances. The current frenzy has caused some to skip inspections and buy incredibly quickly. Sometimes without even setting foot in the house. Unfortunately, that comes with unexpected expenses. In the past year, nearly half (47%) of all homeowners have had to endure one to two unexpected home repair costs for which they hadn’t planned. 39% admitted they dealt with three to four unplanned expenditures and one in four said they don’t even have a budget set aside for unexpected home repairs. On top of all that, it’s even hard to get home repair contractors to come now. To plan, start by taking these steps.

First, you should consider having a home warranty, which is a year-long, renewable home service plan that keeps homeowners protected should a covered breakdown occur. It’s a budget-friendly way to plan for the normal wear and tear of systems and appliances you use daily by helping cut the cost to repair or replace them. It helps protect your home and your budget so you can spend less over time and avoid unexpected expenses.

American Home Shield is the leading provider with more than 50 years in the industry. Their plans help cover the cost when parts of up to 23 home appliances and systems wear out. And if they can’t repair your covered item, it’s replaced – no matter the age. Plus, they have a network of more than 17,000 contractors and experts to help no matter where you live. 

They also cover what home insurance doesn’t. They have flexible plans to meet different needs and budgets and can be customized to cover add-on items like personal electronics, garage doors, and more. And they’ve paid more home warranty claims than anyone. Plans start as low as $40 per month and vary in cost and coverage. In addition to the monthly rate, each time you call for service, you’ll pay a trade service call fee for each trade professional (plumber, electrician, etc.)

It’s easy to get one. Customers can choose the coverage that best suits their home. Once you’ve decided on the best plan for the household, you need to enter your address and zip code to make sure you get the most accurate pricing for where you live. AHS will contact customers with prices and other important information. You can set up your member account in minutes and start using your home warranty after a 30-day waiting period. After that time frame, you can request services through your member account or by giving AHS a call.