Ways To Get Financially Motivated After Moving Into Your Dream Home
Posted by : Premraj | Posted on : Saturday, March 10, 2018
DELICIOUS
SU
REDDITSaving up for your dream home often means making financial sacrifices in order to scurry away as much of a deposit as possible. House price in The States rocketed by 6.3% in 2017, according to the S&P CoreLogic Case Shiller Home Price Indices. Therefore, when you’ve moved into your dream home it’s likely that finances will be tight and living on a budget is inevitable. This can be disheartening for many, but, staying motivated when sticking to a budget is easily done if you set goals and plan your future purchases.
Make a plan
It can be tough living on a limited budget, but creating a plan on what you wish to do in your home will push you to stick to your allowance and to make savings wherever you can. One of the best things you can do is sit down with pen and paper or create a spreadsheet detailing everything that needs doing in your home. This can then be broken down into sections outlining ‘musts’, ‘needs’ and ‘dreams’. Whenever you’re feeling the desire to delve into your savings and splurge on a night out or a new outfit, reading through your plan will remind you what all the scrimping and saving is for and will motivate you to carry on.
Get accurate costings
There’s no point living economically and putting money to one side if you don’t know how much cash you require for your planned purchases. For big jobs, such as a kitchen renovation, new bathroom or new flooring, it’s best to obtain at least three quotes from different professionals to determine the average expense of any work required. Seeing realistic numbers in front of you will motivate you to make cutbacks wherever you go so that you can achieve your dream goal.
Boost your finances
Seeing your bank balance grow is a big incentive to encourage you to carry on living in the same way that you have been doing so. Aside from working as many hours as you can there are ways to boost your finances from the comfort of your own home. There are also plenty of money making opportunities online, such as using cashback websites when making purchases, taking on some freelance work in the evenings and participating in online surveys and market research.
It can be difficult to see your finances struggling when you’ve purchased your dream home and have big plans to revamp it. However, living within your means, making sensible financial decisions and cutting back wherever you can is the key to making your future dreams a reality.
