When you need to fund home improvements the nine-to-five work day may not cut it. So how do you find the extra budget required?
There always comes a time in your home life that you want to start making changes and improvements for you and your family. Perhaps you want to redecorate the living room, upgrade your appliances, or vamp up the garden.
Whatever it is that you want to do, you’ll need a budget to do it.
Saving up money is hard enough with a family to feed and clothe, but when you think about sprucing up your home; you might not be able to afford the work.
That’s why today we are going to talk through some really clever ways to save and make some extra money so that you can build you dream home for you and the family.
You may have heard of freelance work in the past, but never thought to pursue it to fund home improvements. You can do pretty much anything as a freelancer: catering, photography, writing… it has something to suit everyone’s skillset.
If you work predominantly online in your daily work, it may be a good idea to check out a website such as Upwork which allows you to find jobs and apply to complete them for clients all over the world. It’s a great way to make a little extra cash for the family.
Investment comes in many forms; one of the most popular being real estate. Marshall White real estate is a way of using some of your savings to fund home improvements by investing in a property, renovating it and then selling or renting the property for a profit. It can be a fun project for you and your family and will rake in that cash you need to renovate your own home.
Another type of investment is shares. Put some money into a company to buy a small stake, and when the value rises, you can sell that stake for a nice little profit. You may need to learn a little about the stock market for this one!
Don’t Accept Low Savings Rates
Just because you’ve been loyal to the same bank for years doesn’t mean you can’t fight for a better interest rate on your savings. Shop online and compare the best interest rates, and don’t be afraid to move on somewhere new.
Free $100+ for Switching Your Bank
If you find yourself short of cash to fund home improvements, a really simple way to make some quick money is by switching to a different bank. Most companies are now offering at least $100 if you decide to open a new account with them. Why not get your other half to do the same and earn double? It will give you that little boost you need to begin working on your home.
Pay Off Debts With Savings
If you are in the mindset of saving your money whilst you are in debt, you are making the wrong choice. If you mount up the interest you’ll accrue by saving against the interest which accrues on your debt; it makes more sense to pay off the money first. It will leave you debt free and able to save for the important things.