15 Splurges That Save You Money in the Long Run

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Home Warranty

Splurging on a home warranty can save you money when an appliance or system in your home breaks down and needs to be repaired or replaced. A home warranty costs an average of about $25 to $50 a month, but it can save you thousands of dollars, said Brian Greenberg, founder and CEO of True Blue Life Insurance.

For example, when Greenberg’s water heater was leaking, he put in a request to his home warranty company to have it checked out. Greenberg had to pay $65 to the provider who contracted with the warranty company to make the visit but didn’t have to pay any extra to have his water heater replaced.

“I’ve saved over $10,000 by having our home warranty over the past seven years,” he said. “The best part is that I don’t have to worry about being overcharged or ripped off.”