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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 January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

More About Thinking Smart

Featured photo credit: Austin Distel via unsplash.com

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