savings

When to DIY and When to Hire a Pro

Tips from personal finance bloggers on whether you should try to save money by tackling projects on your own.

My husband recently decided to fix a leak in our daughters' bathroom on his own to save us money. He is not a plumber, a contractor or even a handyman by profession -- he is an economist. To his credit, though, he grew up in one of the former Soviet republics where everything was in short supply and learned from his dad had to fix almost anything with almost anything. He's tackled many projects around our home, but I wasn't sure his MacGyver-like skills (remember that '80s TV character?) would help him solve this problem or turn it into a major disaster.

I shouldn't have doubted him. Within a couple of hours, he replaced the leaking pipe and saved us -- by his estimate -- at least $200.

Now, I'm not suggesting that anyone can fix plumbing problems. But before you turn to Angie's List to find a professional to tackle your next repair, consider whether you can do it yourself. Here are tips from some of our favorite personal finance bloggers that can help you decide whether to DIY or hire a pro.

You Can Learn to Do It Yourself [Well Kept Wallet] "Whether it’s on home repairs, car repairs or nearly anything else, if you’re willing to take the time to learn how to DIY it, not only are you teaching yourself a valuable skill, but your bank account will show the rewards of your efforts in fine form."

3 Simple DIY Projects That Will Save You Money [Yes I Am Cheap] "With all of the help out there online, there is certainly enough information to learn how a project is done, and that DIY project can typically be completed with ease and for an incredibly minimal expense."

DIY Tips for Any Project [Financially Blonde] "I would like to share my top ten DIY tips, things you should do to make your own DIY projects go better."

5 DIY Projects That Will Cost You More in the Long Run [Money Under 30] "Some jobs should be left to the pros. If you’re feeling confident about your DIY skills, you should read this before you leave yourself with a flooded house or gnarled hairdo."

4 Times You Should Splurge and Hire a Pro [Wise Bread] "There are times that you can lose more than you save by risking to do the job yourself. Here are four scenarios in which is best to hire a pro."

Most Popular

Yes, You Can Collect Social Security from an Ex-Spouse: Here’s How
social security

Yes, You Can Collect Social Security from an Ex-Spouse: Here’s How

It’s always smart to maximize your Social Security benefits, and if you are divorced, one way to do that might be to take them based on your ex’s earn…
May 13, 2021
Refunds for $10,200 Unemployment Tax Break to Begin This Week
Coronavirus and Your Money

Refunds for $10,200 Unemployment Tax Break to Begin This Week

The IRS will start issuing automatic refunds in mid-May to people eligible for the unemployment benefit tax exemption.
May 14, 2021
Updated Exclusive Social Security Benefits Forecast: COLA Likely to Jump to 4.5% in 2022
Economic Forecasts

Updated Exclusive Social Security Benefits Forecast: COLA Likely to Jump to 4.5% in 2022

This would be the largest cost-of-living adjustment for Social Security benefits since 2008.
May 12, 2021

Recommended

8 Money-Smart Ways to Spend Your Tax Refund
Tax Breaks

8 Money-Smart Ways to Spend Your Tax Refund

Since this year's tax deadline was pushed back to May 17, many people are just now filing their tax return. That means there are a lot of tax refunds …
May 10, 2021
Home Upgrades that Pay Off
Smart Buying

Home Upgrades that Pay Off

Some affordable renovations recoup most of their cost when you sell.
April 24, 2021
11 Places That Will Pay You to Live There
real estate

11 Places That Will Pay You to Live There

Working remotely? You may want to check out these places that'll pay you to move there.
April 23, 2021
Rebuilding Emergency Savings in 2021: Take a Realistic Approach
savings

Rebuilding Emergency Savings in 2021: Take a Realistic Approach

Saving for a rainy day can be a tall order, especially if you have recently experienced a financial setback. Taking even small steps can help you work…
April 21, 2021