3 Ways Winter Storms Could Cost You Money — and How to Prepare

A mother drapes a blanket over her daughter's shoulders.

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Can bad weather improve your income?

The point

  • In some parts of the country, winter can mean a bad week of weather.
  • Although winter storms can be unpleasant, in some cases, they can also be expensive.
  • You can lose money if you can’t work in bad weather, and you can get high company fees.

People in some parts of the US can go through winter without seeing a flake of snow. But in other parts of the country, winter storms can be a regular, unwanted occurrence.

Not only can these storms be inconvenient (think taking time out of your work day to dig out your car), but in many cases, they can also be expensive. Here are some ways you can lose money because of a storm – and how to prevent that from happening.

1. Lost work time

If heavy rain makes your local roads impassable, then you may have no choice but to stay home from work for a day or more. But if you don’t have the kind of work that can be done at home, then taking time off work can mean going out of business. And if you’re already living paycheck to paycheck with no money in your savings account, that’s a problem.

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In the meantime, let us talk to you do work from home. If a winter storm hits hard, you may not get much, if anything, done. And if you’re self-employed, that can also mean a temporary but worthwhile loss of income.

That’s why it’s important to do what you can to build an emergency fund. That can help make losing money easier to deal with.

And if you’re self-employed, build a little time into your schedule so that a day or two of missing work won’t throw your money for a loop. At the same time, keep in mind the deadlines that you will have to do in the winter if you live in a place where the weather can be cold. You don’t want to shut down customers who are separated due to storm-related outages.

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2. Spoiled food

Winter storms can cause power outages. And that, in turn, could mean throwing away the contents of your freezer and refrigerator.

Now, the answer here is not to buy perishable food – that’s just not sensible. But it can pay to invest in a portable cooler that allows you to keep your fridge when the power goes out. That way, you will avoid throwing away the contents.

Of course, you will need to be careful when using a heavy lifting machine. That means making sure he has a way to get rid of fatigue and being careful with the extension cord.

3. High utility bills

You may feel the need to turn on the lights when there’s a cold wind howling outside. But that can lead to higher corporate costs. And that’s something you’ll want to invest in.

You can also talk to your service provider about getting a payment plan that allows you to spread your payments evenly over the year. That way, instead of paying $200 a month in the spring and $800 a month in the winter, you can pay something in between every month of the year.

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Winter storms can be more than just a nuisance – they can cost you money. It’s important to prepare for that and do what you can to minimize your losses.

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