1,6 million Norwegians declare that they do not save to maintain their own home. Strained finances are one of the most important reasons. Unfortunately, this can end up with a huge bill.
This is shown by a recent survey, Analysis of responses carried out on behalf of Fremtind, insurance company SpareBank 1 and DNB.
“Many are feeling great pressure on their economy right now. Therefore, it can be tempting to postpone maintenance and repair. At worst, maybe you'll end up with a huge bill you can't afford, warns Therese Hofstad-Nielsen of Fremtind, an injury prevention specialist.
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Don't put off essential maintenance
Today's price hikes and interest rate hikes are too much for some households. However, homeowners should not put off essential maintenance, the specialist believes.
– Damage home is the last thing we need when our finances are tight. The sooner you take care of what needs to be fixed, the smaller the extent of the damage. works and costs in the long term, says Hofstad-Nielsen.
So-called wear and tear, both inside and outside the house, cause a lot of damage. In addition, insurance companies deny or reduce claims due to lack of maintenance or craftsmanship errors.
1 in 5 can't afford it
In the study, 44 percent of respondents declare that they do not save money to maintain their own home. Of these, 1 in 5, or 330 Norwegians, say they cannot afford it. An equally large percentage declare that they prioritize other expenses. More women than men save for their livelihood.
Council of the consumer economist
Consumer economist Magne Gundersen of SpareBank 1 believes that the best cure for financial problems is to get an overview and take control of your own finances in difficult times. Here is his best advice:
- Get a complete overview of your income and expenses. When you know what you're spending your money on, it's much easier to see where you can save.
- Decide which expenses you want to cut and which you want to reduce. It's easiest to cut down on small expenses and subscriptions you don't really need.
- Write a shopping list – and follow it. Then you will avoid expensive impulse purchases. Make your purchases super cheap by always checking the date in the store.
- Check your tax card and get the correct tax deduction. If you have a loan, you have higher interest costs than before, and then you have to deduct less tax.
- Seek advice from your bank. Your advisor will help you get an overview, set a budget and, if necessary, apply for a loan installment waiver. And make sure you have a good interest rate.
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Source: Fremtind
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