How to Fix Up Your Home Without Breaking the Bank

You’re ready to begin home renovations because you want your home to reflect your personal style. However, these renovations tend to add up quickly, especially without a plan or budget. Now, your struggle is trying to find the best ways to fix-up your home while saving some extra cash. Luckily, there are plenty of ways to renovate without breaking the bank. Here are a few different ideas and things to consider during your home renovations that will make this process more affordable.

Start by budgeting your income.


Part of your renovation is determining just how much money you have available to spend. When it comes to figuring out this amount, there’s a lot of factors to consider. Make yourself a budget to show exactly how much money you take in every month so that you know how much you have available to spend. Evaluate where you’ll receive funds from. For example, you should think about the income from your regular salary and extra funds you may receive like taking out an inheritance loan. If you’re wondering, what are inheritance loans, you should know that they’re an option to receive the funds a passed loved one may have left before they’re ready to disperse.

When a loved one or family member passes, it’s common for them to have an heir or beneficiary that will receive their inheritance. To put it simply, it’s like an inheritance advance. To qualify for an inheritance loan, you go to a lender and take out this type of loan before you receive your inheritance funds. There are obvious perks to getting part of this inheritance right away, but if you have a high-interest rate or probate rate due to factors like your credit score or loan amount, then you might end up losing a little bit of money in the long-term. On the bright side, once you receive the inheritance loan, you can set aside some of this extra money to use for home renovations.

In combination with the money you bring in, you have to track the money you spend as well. Adding up each expense is a large part of determining a reliable budget. When it comes to combining your expenses, every little bit of money that you spend counts.

A specific and somewhat casual example of one of these expenses is if you decide to spend your money on new clothes or underwear. Take note that you should buy underwear that you like that fits you properly so that you don’t have to spend more than necessary. To find the best fit and save those dollar bills, choose the best underwear based on your body type. From there, choose undergarments that you want to wear that fit your hips, bust, and body well. Buy a few nice thongs, briefs, or bras rather than sub-par quality undergarments that you need to repurchase much more frequently. Think smart, save big!

To be frank, you need to track even the smallest expenses like your new women’s or men’s underwear. Even though it seems time-consuming, these purchases must be added to your budget to get an accurate grasp on your finances. Once you subtract these totaled expenses from your totaled income, you will be able to come up with a reasonable budget for your home renovations. This way, you’ll stay on track with your finances and spending habits from the very beginning to come up with a renovation cost that works for you.

Find other ways to save money.


Maybe you completed your budget, and you’re realizing you want to increase the money added to your savings account every month. This money that you keep in your savings account can either be used for your home renovations, or it can serve as your back-up savings that you’ll acquire you’re performing home renovations. Check out these easy ways to save money that you might not usually consider. One great way to save your money every month is to go into the grocery store with a plan every time. This way, you buy what’s on your list rather than throwing random groceries into your cart that cost you in the long-run.

Another great idea is to take on a side gig where you can make extra money to put into your savings account or home renovation funds. Arguably the easiest way to increase your income is starting a profitable side hustle that isn’t extremely time-consuming. A lot of people don’t pursue the opportunity to have another form of income, but if you want the extra cash flow, then you have to do the work. One easy way to start a side hustle is trying food-delivery services that you offer direct deposit after every food delivery you make. In no time, you’ll have additional money plus your regular paycheck flowing into your bank account or savings goal as you navigate your home renovation wants and needs.

Stay Organized


If you’re exploring ways to make the actual renovations a bit cheaper, then it’s a good idea to some of the work yourself. When renovating a large area or an entire home, you’re going to have to utilize space to keep your belongings during this transition. If you’re in Florida, for example, you may want to research some local resources to help you with your home renovations. As you look for a place to store your belongings, consider cheap storage units in St Petersburg FL. Companies like US Storage Units offer plenty of affordable storage solutions for a variety of needs. All that you need to do is sign up to have your own storage unit with a monthly payment.

This guarantees your belongings will stay safe and sound in a unit with climate control. Plus, all of your belongings will be in one place instead of scattered across bedrooms and family member’s homes. When it’s time to move back in after renovations, you’ll be highly pleased with this perfect solution to utilize a storage unit because it will keep all of your belongings organized during this hectic time.

Weigh the cost of possible problem areas.


A part of anticipating renovations is understanding where your finances have to be allocated. For example, if you know that you live in an area where you experience weather disasters or temperatures, then you need to know how to best prepare your home for these conditions. One of these might be how to survive a hurricane and how to best equip your home for those conditions to save you money and invest in the longevity of your home in the long-run. These changes require structural changes to your home that may be costly, but they’ll undoubtedly aid your safety during a hurricane or other emergency.

On the other hand, maybe you live in a cold climate where you want to equip your home with a new fireplace and top-notch heating system. No matter the decision that you pursue, you should research the costs you may encounter depending on the natural disaster or climate in your location. To save a little bit of extra money, ask around for quotes to get the best deals on the kind of emergency work that you may need.

Decorate with your own work.


As a final tip, you will save money on your home renovations by completing some do-it-yourself decorating. Instead of spending extra money on an interior designer, check out home design websites and blogs for inspiration. Then, try to recreate these looks on your own. As an example, let’s say you see a photo collage wall that you love. It’s as simple as buying frames and printing your favorite photos from your phone to frame.

However, if you have an old cell phone or a broken phone, that has your photos on it, then you need to know how to retrieve photos from a broken phone. If you’re having trouble receiving these photos because of a broken screen or other phone screen problem, you can try to plug your broken phone into a laptop. From here, you may be able to access your folders of photos on your old cell phone via your laptop.

If you don’t plan on purchasing a new cell phone, then get in contact with your service provider to see if you have insurance that’ll cover a lot of money used to do repairs. The last thing to note is that if you have an Android phone or Samsung device, you’re able to access your photo folders through your personal Google Drive. Once you’re logged into your Google account and looked through your photos, you’ll be able to choose the photographs that you want to use to decorate your home to create the style you envision. At the end of the day, you’re one step closer to creating a home that you love while also saving some extra cash in the process.

Written By
Sofia Di Fara
Founder | Financial Planner
Sofia Di Fara

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