<prompt> Human: Ive searched on google about the issue, but I cant tell whats a genuine article vs a opinion piece.The short is that Im a 22 year old college student, but one thats been working a while and accumulating a while. I bought a home for about 110,000 on a 30 year mortgage, which sets about 800 monthly after tax escrow and whatnot. Just recently, the default 1 year home warranty expired actually would expire next week and I was advised to renew it. Admittedly, it was advised by the home warranty company, I didnt check too much into it. They offered a 3 year plan but with 18 payments for some reason. Im assuming it gets paid off in the first half, or they are bimonthly. I plan on asking the company about that in the next business day. with 13,000 of funds on structural, plumbing, electrical, with a total cost to me of about 3,000 over the term. Seemed smart, actually looking at it, Im questioning its value, because the original first year of warranty packaged at closing was only a few hundred, not 1000 for the year.More on my income, I make about 28,000 a year, but have two roommates that pay 400 each for the note, while I cover repairs, evidently a lot of living costs, grr roommates... and take care of its condition and upkeep. Locally, their rent is quite competitive to rates for apartments or even private rental rooms, so it works out for me.I keep close to 1500 to 2000 set aside for emergency type things. That is slowly growing, but it could grow faster if I wasnt paying the 160 they want every month to keep the warranty alive. In all honesty, the house isnt in that bad of shape, was built in 1993, and I have a descent set of handyman skills. Not at a contractor level, however. I can replace light switches, toilets, etc.From someone wisers perspective, what kind of hindsight do people see after these warranties? Being that Im maintaining a bubble, but about 80 of my monthly income is spent within a month, should I keep the warranty, or save that money and hope for the best?Thanks for anything and everything  <response>: Home warranties are a racket. They excel at finding reasons to not cover things. 