Do you have a home improvement fund?

It’s important to have a savings account in case your car breaks down or other emergencies occur but have you ever thought of having a home improvement fund?

You know those projects that you still talk about that haven’t been completed or even started for a long time? Having savings for home improvements will help keep you focused, within budget, and make it possible to complete those remodels in your Colorado Springs home.

For example, if you have $1,000 accumulated to spend on a (do it yourself) bathroom remodel, then you will need to carefully choose inexpensive but quality materials in order to stay within your budget.

If want to remodel the kitchen in your home, do some research, set a dollar amount, and start putting away a specific amount of money each month in order to reach your goal.

Once you finish one project, you can start saving up for the next. If you plan on selling your home in the near future, having a home improvement fund will be helpful for necessary repairs and bringing your house up to par with the competition.

Unless you already have the finances to make home improvements, building up a separate fund will allow you to update your home without having to worry about credit card debt to pay later. You can even use the funds to work on an update project for your home each year.

Best of all, this fund is totally separate from your normal checking and savings account and if the water heater goes out, you can leave your money untouched since you have money saved up in the piggy bank for your home.