Advertising

How To Decorate Your Home Without Spending a Fortune

Advertising
How To Decorate Your Home Without Spending a Fortune

Decorating a new home is exciting, fun, and of course, expensive. If you just bought a house, you probably spent a considerable amount of money on closing costs. If you just rented a new space, you’ll have deposits to make on top of moving costs. Of course, when you have all of these expenses that come with a new place, the last thing you want to do is spend thousands of dollars furnishing it. Luckily, there are several ways that you can decorate and furnish a house on a budget. These include adapting a “DIY” spirit, which means refinishing furniture or sewing your own pillows. It also means scouring deals or perhaps being more creative with the items you already have in your home. Essentially, all it takes is a little bit of planning to stick to a budget when decorating your home. Once you know what you want and how much of it you’re going to buy, you can then go on to find the best deals. Below you’ll find more details on the top ways to save on decorating costs.

How to Decorate Home Without Breaking the Bank

1. Learn How To Sew

If you’re savvy at following YouTube videos and reading a manual, you can teach yourself how to sew. It’s really not a difficult skill to learn, and it just takes a little bit of practice. By learning how to sew, you can make pillows, sheets, curtains, and a variety of other household items in just a few hours. Why spend $30 on a decorative pillow when you can spend $5 on a yard of fabric and make two? Plus, you’ll get to customize your accessories exactly how you want them to look.

Advertising

2. Be Active On Craigslist

Many people know about Craigslist.com and how beneficial it can be when you are looking for second hand furniture. However, I also hear a lot of complaints about how some cities have better pieces of furniture than others. The way to really score big on Craigslist is to be vigilant. You have to know exactly what you are looking for and check multiple times a day for that item. It also helps if you are the first person to respond about an item, and you offer to go see it as soon as possible. Avoid overpaying for an item if it has damages or is not exactly as it was pictured in the ad. Bring cash and try to get the price for slightly less when you go to pick up the item.

3. Refinish Old Pieces

Many of us have older pieces of furniture from our parents or grandparents that don’t go with our décor. I often see pieces like this on the curb, only to be replaced by newer, more contemporary models. Spending the money on new furniture can be avoided if you refinish or paint old pieces of furniture. It will take about a weekend to refinish an old piece due to drying times, but once you do, you’ll have a “new” piece that actually fits in well with your overall design.

Advertising

4. Visit Thrift Stores

It’s amazing what people will throw out. I’ve found huge bookshelves, great pieces of art, and designer clothes at all thrift stores. Additionally, many thrift stores have 50% off days where they liquidate items before new ones come in. Some things I wouldn’t purchase from thrift stores include cloth sofas and sheets. However, inexpensive wood headboards, side tables, and art are definitely worth a trip to the thrift store from time to time.

5. Buy Floor Samples

When you go to buy furniture at a big box store, you often order pieces that you see on the show room floor. One way to keep costs down is to ask them when they will have a floor model sale. This is where the store sells the furniture that they used to showcase different collections. They might have a little more wear and tear on them from people trying them out. Otherwise, most of them should be in near perfect condition.

Advertising

6. Re-use and Re-cycle

Many people purchase accessories for their home like vases, picture frames, and other items. However, there are many household items that you use every single day that can be recycled into home décor. A glass bottle can become a vase. A tin can become a place to keep your pens and pencils. The possibilities are truly endless.

7. Embrace Minimalist Design

One easy way to save money on decorating is to simply buy less. Having a minimalist design means having a zen-like space. When you have less papers less clutter, and less mess, you feel much more at peace in your home. You’ll also feel much more at peace with your finances because you aren’t splurging on accessories that clutter your space.

Advertising

Hopefully, these tips will help you to decorate your new home with incredible style, great design, and without breaking the bank.

Featured photo credit:  modern interior design via Shutterstock

Advertising

More by this author

Catherine Alford

Catherine is the go to personal finance expert for educated, aspirational moms who want to recapture their life passions.

11 Reasons Why It’s Important to Follow Your Dreams How to Make Money Right Now How to Have a Successful Garage Sale 30 Money Questions to Ask Your Fiance BEFORE Marriage 42 Amazingly Free Things That Will Make You Smile

Trending in Money

1 Financial Freedom is Not a Fantasy: 9 Secrets to Get You There 2 40 Healthy And Really Delicious Meals You Can Make Under $5 3 Life Insurance: A Secure Way To Protect Your Future. 4 How To Save Money On Groceries: 13 Quick Tips 5 10 Investment Tips For Beginners

Read Next

Advertising
Advertising

Last Updated on July 20, 2021

Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Advertising
Financial Freedom is Not a Fantasy: 9 Secrets to Get You There

Have you ever considered your life now, and how it would be if you had more time to spend with your family and less worries about money?

Nowadays, financial stress is one of the most troublesome weights in life. If you’ve ever encountered financial stress, you know the difficulty of not having enough income to pay your obligations or bills.

Many people say that money is not the ultimate goal of life. While that’s true, money certainly plays a very significant role. The meaning of financial freedom changes with the different phases of our life, but ultimately, it is something that many people strive for.

In this article, we’ll explain how to capture that financial freedom you’ve been looking for. Read on to learn the secrets to financial freedom.

Break Free of Your Finances

Financial freedom is about having a constant flow of cash from your assets to cover all your regular needs.

When you are not worried about your income, or living paycheck to paycheck, you gain a great sense of freedom. It’s the freedom to be obtain and do what you truly need to make your way through everyday life.

Gaining financial freedom, though, is a process of growth, making small improvements and gaining emotional strength.

Though it seems hard to believe, it is really very simple to get financial freedom.

To do so, you simply need to make sure that your assets exceed your liabilities. In other words, you’ll need to find the sweet-spot where your residuals meet or surpass your expenses. This is something that you can achieve with the proper plan.

While not every person will accomplish financial freedom, the potential for anyone to do so is certainly there. Anyone can achieve this success, regardless of their income level.

Advertising

Outlined below are 9 secrets that will help you in your goals of achieving financial freedom.

1. Stop Unnecessary Spending

We often spend money inwardly, instead of objectively.

For example, you may spend when you’re anxious, depressed, restless, exhausted, from fear of missing out, or to please others. This is a very unhealthy way to handle your finances.

To stop this habitual spending, log down all your spending over the course of a month.

Just as some people keep a food diary, keep an expense diary. Remember not to just write down how much and what you spent the money on, also include the circumstances of why you spent the money. Was it an impulse buy at the checkout line or was it something you planned to purchase?

This increased self-awareness could enable you to avoid triggering situations in the future when you are considering an impulse buy.

2. Plan a Monthly Budget

This is a great opportunity to get serious.

Take a seat with your spouse or partner and make a monthly budget based on your income, not your expenses. You are never again going to spend more cash then you have on hand.

Overspending is the thing that led you to more financial obligations. Make sure you decide every month what is coming in and what will be going out and stick to that budget… no matter what.

3. Cut-up Credit Cards

Perhaps you are the type of person who always pays your credit card balance in full before the end of your billing cycle, and enjoys the reward points you gain. If this is the case, then you’re already way ahead of the game.

Advertising

If not, you may want to consider ridding your life of the burden that credit cards bring.

Many cards have strategies set up so that if you make a certain number of late payments, they will raise your interest rate much higher. This can really add up in the long run and you won’t be doing your financial situation any favors. If you’re prone to late payments or have a large balance due on your cards, cut them up!

Without proper self control on credit card spending and payments, you are basically throwing your money away. To ensure that you have better control over your spending, use only cash or debit for all future purchases (and don’t forget to pay at least your minimum payment on your cut-up cards each month!).

4. Increase Savings

There is no doubt that for a comfortable retirement you must accumulate satisfactory savings throughout your working life.

It’s good practice to save up to 15% of your income.

Start with your workplace 401(k), if you have one. If not, a Roth IRA (if you are eligible) or a traditional IRA (if you are not eligible for the Roth) are the next logical steps.

Increase in longevity means you might be able to look forward to 25 to 30 years in retirement, or possibly even significantly more. Investing now in good retirement plans will ensure that you have a guaranteed a stable monthly income when the time comes to stop working. [1]

5. Invest Wisely

Consider investing in funds.

Specifically, you will gain higher returns if you invest in different types of mutual funds such as Debt funds, Equity funds and Hybrid funds with a proper balance, although it absolutely relies on your personal preferences and sense of risk taking.

To get the most of these benefits, make sure you are investing in a variety of assets. Another resource of investing in mutual funds is SIP (Systematic Investment Plan) where you invest some money every month in funds. SIP works by averaging the per unit price of the stock.

Advertising

Mutual fund investors are aware of the benefits of an SIP (Systematic Investment Plan). For one, it is the most secure way to invest in equity mutual plans so that wealth is created over a long period of time. This plan also helps you to gain a better sense of financial discipline, which will come in handy in all your financial endeavors.

6. Invest in Gold

There isn’t really a better way to invest in gold than to have the physical gold itself in your possession.

You can purchase gold coins and bars from mints as well as from coin dealers and other private sellers.

Another way to invest in gold is through ETFs (Exchange Traded Funds).

These are is similar to mutual funds but they are exclusively investments of gold. ETFs are great because they offer more liquidity; the ETF owns the actual physical gold, stores it, and retains the value of the shares. These shares can then be bought and sold in the stock market, and one big benefit is that the transaction costs of gold ETFs are much lower than the that of physical gold.

With its consistently-increasing demand, investment in gold can be very wise long-term investment to make.

7. Stash Emergency Funds

Whether it’s a cash gift or a work bonus, always try to save any extra money that comes your way rather than making unneeded purchases.

If you get paid every other week, you’ll get an “extra” paycheck (three rather than the usual two) twice a year. Either save those paychecks towards your emergency funds or utilize the money to pay down other obligations, such as loans, credit cards or other debts.

Make it hard to get your cash.

Put your savings in an alternate bank, maybe an online bank that forces you to delay for several business days before transferred money hits your regular bank account.

Advertising

8. Find Fabulous Mentors

Find a mentor, such as a friend or family member, who has exceptional control over their finances and pay attention to everything they do.

If you do not have any friends or family that are enjoying financial freedom, then find a mentor online! There are numerous blogs and guru websites featuring the advice of many people who have reached financial freedom, and they exist primarily to let you in on how to achieve it for yourself.

There are also plentiful forums available that share tips and tricks on how to best achieve financial freedom. Read as much as you can and start changing your habits for the better.

9. Be Extra Patient

Patience is the key of financial success.

Being patient can be quite tough, especially when you’re struggling with your finances, but having faith is worth it. You’ll continuously be on the right track if you are taking the proper steps above.

So don’t be discouraged, even if you are only saving a few dollars a month; it all adds up. Within just a few years you’ll look back proudly at your accomplishments and be glad that you had the patience to get there.

Financial Freedom for All

Anyone can achieve financial freedom, regardless of their financial circumstance.

Use the tips provided above to get yourself on the track to financial freedom and toss your monetary concerns out the window. If you wish to achieve a life with financial freedom for yourself and your family then you must adopt a disciplined approach towards your finances.

Following the simple secrets above is a great start to making your money work for you, so you can work less and live more!

Featured photo credit: rawpixel via unsplash.com

Advertising

Reference

[1] Hartford Gold Group: IRA Retirement Accounts

Read Next