By Les Masterson
A home repair emergency fund can save you from financial disaster. While it’s easy to believe your house is in great shape, you never know when you’ll have to deal with an expensive plumbing bill or a flooded basement.
If you don’t have money set aside for repairs, you might be tempted to use your credit card. However, unless you’re able to pay them off immediately, charging costly home repairs is never a wise financial idea—it’ll accrue interest and leave you with an even larger bill later.
The better solution is to think ahead and create a home repair emergency fund.
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