Finance Your Next Plumbing Job
When an unexpected expense emerges it can feel like the pressure of the world is on your shoulders. The expense is non-negotiable since it is a necessity for your home and family. So then you start to think about what your next move should be and then you evaluate if that move is the smartest move.
Just when you feel like you’ve built up your emergency fund, your drains start to back up because the roots from the tree in front of your house have grown into the sewer. You start to think maybe this will be an easy fix, hopefully. The plumber is called out to appraise the issue and that’s when you realize the expense is more than you thought it would be. The easy-fix idea is thrown out the window. The plumber hands you the estimate and provides you with payment options and availability dates. The next most common action on your behalf is to discuss it with your significant other or with whoever is financially responsible for any maintenance of the home.
Any home project or unexpected expense can be costly, especially if you aren’t prepared financially. Luckily, nowadays there are a lot of options available if you need to borrow money. First option, you could ask a family member to help you fund the project. A financial plan could be drawn up with monthly payments to help pay off the personal loan. Another option is getting a promotional credit card of 0% interest rate that usually lasts for 12 to 18 months. You would have to use the credit card for only that project and commit to the amount of time given so you do not pay any interest in the total amount borrowed. Lastly, you could get your project financed with the finance company the contractor works directly with. In most cases, the contracting company has a promotional program with special rates that their customers could obtain once they apply for the loan. These options can bring great relief to those who need financial assistance with any home repair.
Hard times don’t have to have hard solutions. When you find yourself with unexpected expenses, thinking outside the box is necessary. There will always be a way to help resolve your financial frustrations.