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Five Home Renovation Savings Tips

Prairie Eco-Thrifter

Home renovations are a necessary process when you own your home. Not only will renovations provide pleasure and function to you, but they could increase the sale value of your home a bit. Here are a few tips on saving money while doing renovations. Here are a few tips on saving money while doing renovations.

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A Goal Without a Plan is Just a Wish

Family Balance Sheet

The building offered so much potential, but needed a lot of work and we set out to renovate our dream office. The business softened, renovations were more costly than expected, and we were now the owners of two mortgages, our home and our business. We were excited to cross this accomplishment off our bucket list.

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Don’t be a Buy-It-New Snob

Prairie Eco-Thrifter

Here is a short list of some of my favorite finds at garage, estate and thrift store sales. I used an old seat cushion I had and wrapped it with brand new material from another garage sale to pretty it up and make it softer, then stacked new throw pillows I found at yet another sale for $.50 My ribbon however came from a garage sale.

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Should You Learn To Sew?

Prairie Eco-Thrifter

Will it end up saving you money or costing you money in the end? If you can’t save money, need extra tools and have to learn how, why would anyone learn to sew? I your true intent is to save money, then focus on mending. Time saved alone is worth the small effort you expend in learning how to make these repairs.

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Am I Frugal – or Cheap?

Prairie Eco-Thrifter

I save tape and paper and old paint drop sheets. As I was finishing up the sunroom windows and doors yesterday, I carefully removed the paper over the windows and saved it. However, while I’m doing all of these things, I’m NOT working on my websites, writing my autobiography or saving the world from ruin and decay.

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How We Paid off Six Figures of Debt

Family Balance Sheet

Aside from the mortgage, we also added equipment and renovation loans with the purchase, and we had a student loan. This side hustle income was mainly used for the fun stuff, such as camping, home renovations & repairs, and needs for our kids. My grocery strategies: How to Save Money on Groceries. Small home = Low Expenses.

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Our 2018 Financial Goals

Family Balance Sheet

2 – Save $10k in a savings account, specifically earmarked for medical expenses. We blew through our health savings account, and now need to save another $10k so we’re not caught off guard if another emergency were to happen. Save for a camper upgrade. If not, we’ll start saving in 2019.