How to save money on appliances that break down

Discussion in 'Frugal Tips For The Home' started by admin, Nov 8, 2015.

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  1. admin

    admin Administrator Staff Member

    Admin Post
    It’ really annoying when appliances breakdown! You’ve just about reached your savings target and then boom – it’s all gone. Most financially savvy people have an emergency fund or insurance however wouldn’t it be much better if the appliance didn’t break down in the first place. Most people who practice frugality know the importance of maintaining their appliances.

    Frugal people don’t believe in wasting time which is why they spend a significant amount of time on preventative measures. Unfortunately it’s the jobs you have but doing these jobs can save you lots of money in the long run. The purpose of writing this article other than to make money is to bring the idea of maintenance and prevention and how important a role it plays in increasing your savings.

    Make a List of All the Appliances That Break Down

    The first step that you need to take if you want to save money on appliances is to make a comprehensive list of all the items that you’ve got. These items would include cookers, freezers, washing machines, and dishwashers. Once you’ve got a detailed inventory on all the items that can possibly break down and cost you money you need to check if there’s any cover in place.

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    Do You Have Guarantees/Warranty?

    Most appliances have guarantees and warranty. If you’re appliance breaks down over a set period of time it’s either replaced or repaired. These guarantees can be between 12 months to five years. If you’re not sure whether you’ve got a guarantee in place call the retailer you bought the item from and ask for clarification. When I did this simple exercise I found out that my washing machine was covered for another 2 years.

    When you’ve called all the retailers you’ll have a better idea of what’s covered and what needs attention. If you’ve got old appliances that are on their last legs you need to start maintaining the item straightaway. You don’t need to be an electrician or mechanic to perform maintenance, all the information that you need is available on the internet and it’s very specific. For example if you’ve got a Frigidaire freezer then all you need to search for is the model number and there will be countless articles and forum discussions on how to prevent breakdown.

    Perform Your Own Maintenance

    I recently performed maintenance on my washing machine and all it included was thorough cleaning of the inside and outside, drainage of excess fluid, removal of dirt from pipes and vacuuming of the inside to remove all dirt. I finished the job by de-scaling the machine with an industrial standard de-scalar. All these jobs took me no longer than 60 minutes and there’s a good chance it won’t break down for a very long time. If you can repeat this process for every appliance in your home then there’s a good chance that you’ll never have to replace an item again.

    If you don’t want to get your hands dirty then you could take out appliance insurance. There are many insurance companies who will insure up to ten appliances however these policies can be very expensive. You could be selective and choose to insure the appliances that are about to breakdown because they’re old or have been poorly maintained.

    Choose Appliances That Never Break Down

    If you have to replace an appliance then it’s important that you choose a model which has a history of reliability. Choose a brand which is recognized for its ability to withstand the test of time. You can get real information on reliability and performance on countless appliance forums. If you spend a little extra on an appliance with excellent reliability you could be saving money in the long run because you’ll have less breakdowns and repairs. Choose appliances that have long guarantee periods and warranties, there are some companies who are prepared to give 5 years guarantee because they know that their products are so good.

    Go Appliance Free

    If you’ve had enough of appliances breaking down you could choose to go appliance free. You could choose to wash your own clothes, wash your own dishes, not watch TV, buy fresh instead of freezing. The less reliant you become on household appliances the more money you’ll save. Personally I like to keep my appliances to a bare minimum and I use them as infrequently as possible.

    If you want to get ahead you need to save money and make more money. You also need to spend your time effectively to put preventative measures in place to prevent money from leaking out. Think of it as insulating your house, it’s a preventative measure which saves energy. By constantly maintaining your items you will have to spend less on repairs and replacements which means more money in your pocket to achieve your long term financial goals.

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    Save Money on Other Projects

    If you’re looking for more projects that you can do in 60 minutes to save money over the long run you should definitely check out Find Some Money. There is a series of articles which outline in detail how you can save money every day by practicing frugalness for one hour. If you want to save money on food, transport, bills, mortgages and even clothes then it’s worth checking this forum out for fresh ideas.

    How Much Money Can You Save?

    So how much can you save? Suppose you spend $500 per year replacing or repairing items around the house. After you start maintaining your items you should be able to make them last longer. If you can extend the lives of these household appliances to ten years then you could save up to $5000. If you decide to go appliance free then you’ll save money on replacing items as well as the cost of running the item with energy.
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