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Seven Tips to Save Money While Renovating Your Home

Seven Tips to Save Money While Renovating Your Home

While renovating your home into a better living space, it is common to make plans that are not within your budget. Often after the completion of all the renovations of your home, visitors tell you that they got one or more similar jobs done for a lower price. We’ve been there, and it’s not the best feeling. To save you from such moments, we are giving you Seven Tips to Save Money while Renovating Your Home. These are some of the easiest measures that you can take when you are getting your home ready for a makeover. Here is how to save some money.

1. Time to sweat yourself.

Renovations can turn out to be the best time for you to use your DIY skills. Manpower is something that comes at a cost and doing a few of the jobs that won’t require special skills can help if you are trying to save on expenditures. Various renovation case studies show how much money people can save just by painting their homes themselves. If you can get relatives/friends to help you or if you can get a freelancer for a lower price to do the fencing for example, then you can bring down the cost of your home renovations.

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2. Don’t replace everything.

People sometimes get the idea that renovations mean replacing everything with new stuff. If you have this notion too, then you should probably reconsider. Look for furniture or any other home accessories that are worth keeping. This could be the chairs, a study table, or other items like them. Reusing will prevent you from losing money buying new products. You don’t want to end up realizing the value of something after you have gotten rid of it. Give it careful consideration as you sort what needs to go and what needs to be kept.

3. Get some money for the old stuff.

Before doing away with belongings, look for exchange offers in your region where you can get products for lower prices from the dealer in exchange for your old products. One more thing that you can do is to put your old stuff on sale, If you are a busy person, advertise your old products on “buy and sell” websites.

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4. Buy second hand.

If your budget is tight, then buying second-hand products is not a bad option. Thinking of second-hand products as substandard is common, but is hardly correct. You can easily find the second-hand products that you require being sold at reasonable prices. There are websites that sell such products and provide refurbished ones with a limited warranty period in which to return them if there is a defect.

5. Alternatives exist!

Don’t rely on a particular brand or company for your buying needs. We understand that you might have your favorites, but there are alternatives if those brands do not fit your budget. Products with lower prices do not necessarily have less quality. In fact, you should look for new manufacturers as they often offer their best products at comparatively lower prices.

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6. Buy smartly!

Buying alternative products is a good option, and it gets even better when you have the option to buy them from alternative shops. Do not buy only from local stores. Use the help of comparison websites that search for the prices of the same products, including furniture, paint, etc., and suggest to you the best store to buy the products of your choice at the lowest prices. Instead of visiting the stores, you can also use e-shops to order and get products delivered right to your doorstep sometimes with no delivery charge if you order several products from the same store.

7. Look beyond the “now”!

We sometimes forget that we can save in the long run by investing in long lasting or less power consuming products. Adding solar heaters, a system for harvesting rainwater, and buying efficient electrical products can save a good amount of money over the years. Products which require less maintenance or fewer replacements can save money. To buy such products you may have to spend a little more but considering that these long-lasting products prevent you from spending on their replacements for years, do not hesitate to invest in them.

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These are Seven Tips to Save Money while Renovating your Home. You can use them and see their effectiveness for yourself. Do you have more ways to save money on renovations? Let us know in the comments.

Featured photo credit: Pixabay via pixabay.com

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Ayu

Freelancer

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Last Updated on June 26, 2020

25 Easy Tips on How to Save Money Fast

25 Easy Tips on How to Save Money Fast

“How to save money fast?” This is the question asked by all of us not in the top 1% of rich people.

If you are looking for ways to drastically reduce your expenses immediately, first look at what you need to spend money on every week. And I mean really need.

You don’t really need to order in food. You don’t really need to buy expensive perfume.

Building from that, you can work out how your regular expenses can be reduced.

As for irregular expenses, they can also be deceptively costly in the long run. Once-off buys can also be tackled with some prudent planning and a little extra research.

And remember: a budgeted lifestyle does not mean a bad or boring one!

But first, understand what budget you can cut down on daily:

  • Regular expenses for the average adult (can be trimmed but not eliminated):
    • food
    • rent/mortgage
    • cell phone
    • insurance
    • socializing/entertainment
    • transportation
    • hygiene products
    • household bills
  • Irregular expenses for the average adult (can be eliminated or cut down a lot):
    • travel
    • clothing
    • medication (*depends)
    • grooming (hair, nails etc.)
    • gifts

Now, let’s dive right into the 25 ways to save money fast:

Save Money on Food

1. Bring a stock of food to the office/work

Instead of popping out for an overpriced salad and a smoothie, leave a set of basic utensils at the office as well as a stock of non-perishable goods such as tinned fruit, tuna, rice crackers and so on (try to avoid the junk food and this can turn into a pretty great diet!).

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Stocking up means you won’t forget or say “I didn’t have the time” when you rushed out to work in the morning.

2. Buy the store-brand version

Many basic foods, such as bread and milk, will taste exactly the same as their branded alternatives. Go for stuff with minimal additives and preservatives. Meat in a tube is probably insanely unhealthy!

3. Eat cheaper cuts of meat

Learn how to tenderize and flavour cheaper meat and fish, and save on the (typically) most expensive item on your grocery bill.

4. Have group dinners

If 10 friends put $5 each in the kitty, it’s pretty easy to make a giant lasagne and get refreshments, as well as hang out with your favourite people.

Save Money in Transport

5. Get a bicycle

Save on gas money and bus/metro fares with this underrated mode of transport.

6. Use public transport and/or don’t get taxis

Some places can only be reached by car. But as a good practise, check your public transport website and see if any routes pass nearby where you need to get to. Walk as much as you can.

7. Find the cheapest gas

Regularly check out where the cheapest gas can be bought.

Save Money in General Shopping

8. Shop online

Not only will you save on the gas or transport fares from going to the shopping mall but you will also find better deals

9. Sell your old stuff

Get your unwanted belongings up on eBay ASAP and earn a few dollars.

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Here’re more ideas for you: 25 Things to Sell to Make a Lot of Money

10. Bulk buying stores

For regular non-perishable/slow perishable purchases such as toilet paper, cat food, pasta, washing powder and so on, do an epic stocking-up trip to a co-op or equivalent (my mum used to go to a place that restaurants buy from).

Be wary of supermarket “deals”, as some have been found to be fraudulent after working out a simple calculation.

11. Become a flea market/car boot sale/street market guru

You can find original gifts and develop good negotiation skills at these places.

12. Generic brand medication

More often than not, the generic version of paracetamol and other basics work the same as the branded version.

13. Choose deodorant, not perfume

It blows my mind when someone drops $70 on a bottle of spray. Stick with a nice deodorant, and not only will you smell just fine but you’ll be sweat-free as well!

Cut Down on Household Expenses

14. Printing

Ink is one of the most expensive substances in the office and coloured ink is doubly so. B

e more efficient and choose black and white, and if your printer doesn’t have a print-both-sides options, just print odd pages first, re-insert the paper and print even pages.

Expand the margins of what you are printing as often as you can to save on paper.

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15. Minimize SMS and phone calls

A combination of a free chat service such as WhatsApp and a free call service such as Skype can reduce your bill to nothing (so long as you have a decent Wifi connection).

16. Shop around for insurance

Most people don’t spend enough time searching for the best insurance deal.

Keep a watchful eye out for deals and new competitors in the market.

17. Try re-negotiating your rent/mortgage

If you have built up a good credit history or a good rapport with your landlord, then chances are a frank chat about needing to tighten your spending could result in lowering your payments. You’ve nothing to lose from trying.

18. Don’t get a TV

Invest in a computer/laptop and an internet-only package. You can watch more (and often better) entertainment on the web, and skip the advertisements as well.

19. Pool your internet bill with a neighbour

My apartment building is basically a big old house split into three apartments. There are five of us in total. We pool the internet bill, making it crazy cheap.

Save Money in Socializing, Entertainment And Travel

20. Have house parties

Instead of paying for overpriced drinks, set up a series of in-house get-togethers with your friends. Everyone takes a turn, so it’s not always your house that needs cleaning.

For sound insulation, hang heavy drapes on the walls and windows. For music, invest in a good second-hand set of speakers which you can connect to your computer. Let Spotify or Grooveshark playlists do the rest.

21. Open festivals, meetups and events

It never fails to surprise me how much underground stuff goes on around me for free or for very cheap. Find out who runs the blogs and websites that list all the less well-known cultural activities.

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22. Volunteer

If you can’t pay for a ticket, volunteer and get to be there anyway.

23. Housesit

There are multiple housesitting websites offering you the possibility to avoid paying hotels and skip the discomfort of crummy hostels.

Save Money on Hygiene and Beauty

24. DIY beauty

French manicures, pedicures, waxing, eyebrows… pretty much all of these can be achieved at home (and done well) with some practise. There are plenty excellent blogs and YouTube tutorials to help.

25. Fewer haircuts/volunteer at a trainee hairdresser

If you can’t bear the risk of a trainee touching your locks, learn more ways to manipulate your hair as it grows and get haircuts sparingly. Women’s haircuts are outrageously priced in many cities.

Bonus: Effective Money-Saving Tips for Everything

Here’s a summary of what you can generally do to save more money:

  • Share/pool resources. Organize a neighbourhood sharing scheme, common resources for your apartment block or with your friends. Not everybody needs an individual lawnmower.
  • Buy energy-saving everything. The easiest way to lower your bills – replace those lightbulbs!
  • Buy in bulk. Be sensible about it (i.e. make sure you have space!), and drastically reduce weekly expenditure.
  • DIY. Skill up using YouTube tutorials on plumbing and many other essential services so you never have to pay for simple problems again.
  • Research a lot before making a decision. Most money-wasting is the result of poor preparation and planning. Don’t shirk this part just because you don’t like it!
  • Use your network. Your network is full of resources that can ease the pain of budgeting. Ask for help.
  • Stop and think. Do I really need it?

Unfortunately, there are some things that require plain ol’ giving up for the time being. This can include high-cost sports such as skiing, the latest versions of some technologies, the finest brands of food/drinks, premier seats at the opera and most other indulgences.

What is important to remember during lean times is that when you look back on your life, it will be the experiences that stand out, not the extra comforts.

Living on a budget can teach you a lot about how much you can really get out of your paycheck. We only live one life, so make the most of every penny you earn!

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Featured photo credit: Unsplash via unsplash.com

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