Homeowners across America have trouble covering the big ticket repair costs for appliances like water heaters, air conditioners, and furnaces when they break down. According to the Fed’s 2022 Economic Well-Being of U.S. Households survey released Monday, some 37% of Americans lack enough money to cover a $400 emergency expense, up from 32% in 2021. How can a homeowner cover the multi-thousand dollar repair or replacement costs for a major appliance?
I want to learn how to protect my big ticket home and car repair items from unexpected disaster!