Waste. as defined by thefreedictionary.com:
1. The act or an instance of wasting or the condition of being wasted: a waste of talent; gone to waste.
2. A place, region, or land that is uninhabited or uncultivated; a desert or wilderness.
3. A devastated or destroyed region, town, or…
In the past couple years I’ve repaired my own LCD TV (Samsung 36” - a capacitor on the power board was burnt out, so I did a search and found out it was a common problem; watched a video on how to fix it, purchased a capacitor for under $5 and a soldering kit for about $30. Add in less than a half hour of my time and I once again had a working TV), computer monitor (a friend had given me an LCD monitor that worked intermittently, but after repairing my TV, I thought it might have the same problem… turns out it did, and this time I already had the soldering kit), and digital camera (a 10mp Fuji Finepix - I cracked the LCD screen and it doesn’t have a viewfinder; I ordered a new screen online for $30 all-in, and spent about 15 minutes).
All three of these repairs cost me less than any one of them would for “professional” repair or replacement.
I also periodically “repair” my ipod classic by whacking it against a wall or a desk to re-seat the hard-drive (or w/e it is that keeps messing up)… One of these days I might look into opening ‘er up and seeing what else can be done.
The best thing about fixing your own stuff? Learning more about how it works (oh and saving money doesn’t hurt).