No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 9, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Money

Dave Says: An Ounce of Prevention

by TheAdviserMagazine
5 months ago
in Money
Reading Time: 2 mins read
A A
Dave Says: An Ounce of Prevention
Share on FacebookShare on TwitterShare on LInkedIn


Dear Dave,
How much money do you recommend budgeting or setting aside for maintenance and repairs to your home, especially if it’s an older home? Our house is in pretty good shape, but you never know when something might go wrong, or how often different things will need to be addressed at this point.
Brent 

Dear Brent,
I love that you’re wanting to plan ahead. Some home repairs aren’t very expensive, but others can take a huge chunk out of your bank account. Whether you directly budget for things like this, or set up a sinking fund for home maintenance, it’s always a good idea to be financially prepared. You’ve got to protect your home.

Honestly, I don’t really have a specific formula to determine this sort of thing. But I’d make sure I always look at it from a realistic point of view. For starters, you might start with a peek at your checkbook over the last few years to see what you’ve spent on maintenance and repair issues.

Taking care of a home is kind of like taking care of a car. A lot will depend on the age and overall condition of the house. If you’re driving an older model car, you’d expect to put more money into it over time, right? It’s the same principle with houses. The older the structure, the greater the likelihood you’re going to have things go wrong. And that, of course, means pumping money into it.

A home is the biggest single investment most people make in a lifetime. So, I’d also recommend giving your house a good going over, inside and out, every six months or so. Preventative steps like this will go a long way toward assessing what may be needed now and what might pop up in the future.

Great question!

— Dave 



Source link

Tags: Daveounceprevention
ShareTweetShare
Previous Post

Do you need a planner if you’re a DIY investor?

Next Post

Tariffs as Part of An Optimal Tax System

Related Posts

edit post
8 Ways to Make Money on TikTok

8 Ways to Make Money on TikTok

by TheAdviserMagazine
October 9, 2025
0

Daniel M Ernst / Shutterstock.comDespite the recent drama surrounding TikTok ownership, including a potential ban, the popular app used by...

edit post
Having a financial plan more than doubles your retirement confidence—here’s why so many Canadians are skipping it

Having a financial plan more than doubles your retirement confidence—here’s why so many Canadians are skipping it

by TheAdviserMagazine
October 9, 2025
0

That’s a massive gap—and it’s widening at a time when more Canadians are rethinking their financial strategy. The survey of...

edit post
Error in Your Earnings Record Could Slash Benefits Forever

Error in Your Earnings Record Could Slash Benefits Forever

by TheAdviserMagazine
October 8, 2025
0

Image Source: Shutterstock Your Social Security benefits are only as accurate as the record they’re based on—and mistakes in your...

edit post
Silent Gaps in Medicaid Before 65 Everyone Misses

Silent Gaps in Medicaid Before 65 Everyone Misses

by TheAdviserMagazine
October 8, 2025
0

Image Source: Shutterstock Many Americans assume Medicaid will catch them if they lose coverage or face serious illness before 65....

edit post
Hospital Transfers Can Include Hidden Fees If You Don’t Read the Fine Print

Hospital Transfers Can Include Hidden Fees If You Don’t Read the Fine Print

by TheAdviserMagazine
October 8, 2025
0

Image Source: Shutterstock Being transferred from one hospital to another sounds simple—but the bill often tells a different story. Many...

edit post
Travel Outside the U.S. Might Break Parts of Your Medicare Coverage

Travel Outside the U.S. Might Break Parts of Your Medicare Coverage

by TheAdviserMagazine
October 8, 2025
0

Image Source: Shutterstock Retirees often dream of traveling the world, but few realize Medicare doesn’t always follow them abroad. Once...

Next Post
edit post
Tariffs as Part of An Optimal Tax System

Tariffs as Part of An Optimal Tax System

edit post
The Lipstick Index

The Lipstick Index

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Tips to Apply for Mental Health SSDI Without Therapy

Tips to Apply for Mental Health SSDI Without Therapy

September 19, 2025
edit post
Raymond James sues to retrieve dead advisor’s laptop

Raymond James sues to retrieve dead advisor’s laptop

September 11, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

0
edit post
Shekel keeps going from strength to strength

Shekel keeps going from strength to strength

0
edit post
How Top Firms Onboard Clients in Half the Time

How Top Firms Onboard Clients in Half the Time

0
edit post
Book Review: Irrational Together – CFA Institute Enterprising Investor

Book Review: Irrational Together – CFA Institute Enterprising Investor

0
edit post
Viva Signature Cloth Paper Towels, 12 Triple Rolls only .52 shipped!

Viva Signature Cloth Paper Towels, 12 Triple Rolls only $18.52 shipped!

0
edit post
Duolingo says it will ‘never’ open a San Francisco office

Duolingo says it will ‘never’ open a San Francisco office

0
edit post
Top strategist Paul Dietrich shares 2 picks to ride out an AI crash

Top strategist Paul Dietrich shares 2 picks to ride out an AI crash

October 9, 2025
edit post
Creative Planning to more than double AUM with SageView deal

Creative Planning to more than double AUM with SageView deal

October 9, 2025
edit post
Viva Signature Cloth Paper Towels, 12 Triple Rolls only .52 shipped!

Viva Signature Cloth Paper Towels, 12 Triple Rolls only $18.52 shipped!

October 9, 2025
edit post
Why The Bitcoin Price Might Never Drop Below 0,000 Again

Why The Bitcoin Price Might Never Drop Below $100,000 Again

October 9, 2025
edit post
Duolingo says it will ‘never’ open a San Francisco office

Duolingo says it will ‘never’ open a San Francisco office

October 9, 2025
edit post
Affirm, Klarna stocks surge on new collaboration with Google (KLAR:NYSE)

Affirm, Klarna stocks surge on new collaboration with Google (KLAR:NYSE)

October 9, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Top strategist Paul Dietrich shares 2 picks to ride out an AI crash
  • Creative Planning to more than double AUM with SageView deal
  • Viva Signature Cloth Paper Towels, 12 Triple Rolls only $18.52 shipped!
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.