Good news, DIY-ers and Fixer Upper fans! Not only are DIY projects fun and unique, but they can also help you save money (if you do them correctly).
Sure, we know that creating our own furnishings and home decor can help us cut costs, and if you’re especially crafty, you’ve probably saved plenty of money by adding your own personal touch to your home. But we’re taking you beyond the crafts and showing you how taking that handy DIY-er attitude and putting it toward other parts of your life can help you save big.
Be your own handyman. Learn how to fix simple problems around your home. We’re talking leaky faucets and squeaky fans -- the easy stuff! But if you’re really handy, you can begin moving on to the bigger things. Just make sure you’ve considered the cost of calling in for backup. Sometimes, it simply makes more sense to leave it to the pros so you’re not spending money on both supplies and the service to repair your damage later. Be smart here, and start small!
Become a master chef. No, you don’t have to be the next Gordon Ramsay to save money. You just have to know how to cook a few good meals, how to follow a recipe, and how to properly shop. If you’re like most people, it’s likely that a large chunk of your monthly income goes to groceries each month. What if you could limit the amount you spend on groceries just by being a little more strategic in what you make? Find a few recipes that call for similar or the same ingredients so you don’t have to buy all new ingredients for each meal. Experiment with a few different recipes to find ways to make them taste like world-class meals without forking up the cash to do so.
Work out at home. Cutting your gym membership can help you save a lot each month without sacrificing a good workout. Find some good home workout videos online and stock up on the few pieces of equipment you’ll need. This is a one-time cost rather than a monthly cost, making it much easier to manage. Your other option: get outside! Hike, run, walk, play soccer, whatever your heart desires - there are plenty of cheap, DIY alternatives to an expensive gym membership.
Make your own outdoor projects. Patio furniture, benches, an outdoor table, a fire pit, a tree house… All these things can cost significantly less if you find the right DIY tutorial. Paying a team to complete these projects for you can get expensive quick, and it’s less fun and less personal. Add that personal touch and have fun while you’re at it!
As a bonus for you DIY-ers, here’s how to furnish your home on a budget.
Go forth and DIY! And to see how it impacts your finances, check out your goals and Daily Spend Limit in the app.