Some electrical repairs just can't wait. If you discover loose wiring, a faulty circuit or other problem in your home electrical system, it is essential to call an electrician immediately. At best, electrical problems can be annoying. At worst, they can damage your appliances or even start a fire in your home. That's why it's so important to have savings on hand so you don't feel compelled to delay emergency electrical repairs. Unfortunately, far too many families are not prepared financially to cover this type of emergency.

Emergency Savings Not Cutting the Mustard

The savings profile of the average American family leaves a lot to be desired. A recent report pointed out that 25 percent of homeowners in the United States don't have any money at all saved to protect themselves in case they need an emergency electrical repair or other home service. What's more, about half of the families that do have savings have less than $1,000, which might not be enough to cover a major bill.

And you never know when you might need help. In fact, nine percent of households said they had a problem with a circuit, switch or outlet in the past year, according to the report. Unless you are already an accomplished electrician, these are not problems you can address by yourself – you need to hire a professional in order to protect the safety of your home and your family. If you don't have any savings, that means borrowing money or putting off a repair – a dangerous prospect.

Make Sure You Have Money When You Need it

Follow these tips to increase the odds that you have cash on hand when you need it:

Expert Electricians Keep You in Safe Hands

Maintenance and repairs on your wiring and circuits are tasks you simply cannot put off. Whether the electrical work you need is routine or a true emergency, call upon a professional electrician to get the job done safely and promptly.

Electrical challenges and solutions are often part of residential, industrial and commercial installations. These vary depending on the amount of power involved, the location, the risk it poses to users, and other factors.

Most of the electrical faults pose various risks which range from electric shocks, fires, and loss of property or lives. While the user may avoid using the sections of the installation or equipment that is faulty, it is always advisable to call a qualified electrician to sort out the problem as soon as possible.

After you’ve been around something for a while, you start to take it for granted.

Things like dissolvable cornstarch packing peanuts.

It took one imaginative 11-year-old boy and an email from a happy customer to remind us just how nifty these little earth-friendly peanuts are.

If you’ve received a shipment from Pegasus Lighting in the past few years, your box most likely had a sticker on it with those words. Inside the box is a note that shares the reasons behind our choice to use biodegradable cornstarch packing peanuts, not the least of which is because they are really fun to play with.

Thank you, Happy Customer, for restoring our packing peanut fascination by sending this great note and photo of your son’s clever art sculpture (whatever you decide that it will be)! Oh, and for the record, I’m voting Rocket Ship.

Among the more obvious pieces of electrical safety advice you may have encountered is to never saw the third prong off of an electrical plug in order to fit it into a two-prong outlet. But just because we can recognize that as a self-evidently bad idea doesn’t mean everyone knows why it’s dangerous.

Two-prong outlets have only two wires: a hot wire and a neutral wire. But a three-prong outlet also has a ground wire, which is a safe place for unexpected bursts of current to go when they occur. Without that connection between the ground wire and the plug, wild current can go anywhere: into your electrical device, where sensitive components can be destroyed, or worse, into your body. Shock and electrocution are more likely to occur when no ground wire is present.

Moving On Up

Three-prong outlets didn’t become standard in North American homes until the late 1960s, so while modern homes should be in good shape, there are plenty of homes out there with old two-prong outlets.

As a quick fix, you might be tempted to use adapters that convert two-prong outlets to fit three-prong plugs. You should resist the urge to use these so-called “cheater plugs”, however -- the ground wire is there for safety, and simply bypassing it creates a potentially serious hazard.

Instead, you should seriously consider upgrading the outlet if you need to regularly use three-prong plugs in that area. If you live in an older home where most of the outlets are two-prong, this is an upgrade you’ll need to do sooner or later.

When it comes to upgrading two-prong outlets, there are two basic options. The best choice is to have ground wires installed so that the outlets are fully up to the current standard. Unfortunately, this can involve several hours of electrical service and may require some cutting into walls, depending on how many outlets are being upgraded and how the home is configured. It may be a big undertaking, but it’s a quality investment in your home and safety.

A cheaper alternative is to upgrade to a ground fault circuit interrupter outlet, or GFCI. These outlets are capable of shutting themselves off if an electrical shock risk is present, but they won’t protect sensitive electronics from surge damage. The trade-off is that there’s no need to run a ground wire.

Out With the Old, In With the Old?

If you don’t like either of these options but you’re having trouble with a two-prong outlet, it’s technically not a violation of code to replace the outlet with another two-prong version. Just keep in mind that this arrangement leaves both people and electronics vulnerable, so use these outlets with care and consider making a plan to upgrade later.

Ready to upgrade those old outlets? Start the process today by scheduling a no-obligation consultation with your licensed, local electricians.