Keep the right tools on hand

You can fix, install or repair just about anything around your home with the right collection of tools. Well-made tools last forever, so stock up before a crisis arises.

Buy these handy extras

Auger. Clears serious drain and toilet clogs by rotating a metal bit through the clog. At $45 (Home Depot), owning is much cheaper than calling the plumber. Budget tip: Rent one by the day from your local hardware store.

Volt-Ohm Meter (VOM). Tells you whether outlets and electrical appliances are working. Cheap and incredibly useful. Sometimes called a "digital multi-meter." Budget tip: VOMs are a few dollars on Ebay.com.

Picture-hanging Kit and Cup Hooks. Ideal for hanging your newest painting, plant or mug when inspiration hits. Kits and hooks are under $2 at hardware-supply stores.

Get a good tool box

Store all tools in a rust-resistant toolbox. Choose one that's much larger than you think you'll need -- your tool collection will expand. Try an affordable handled plastic container, like the Homz Storage "Tote 'N Go" (11" x 15") for $7.99; www.staples.com.