Tuesday, May 17, 2011

Saving for Repairs and Upkeep of Your New Home

Written by:
Barbara Johnson, IDA Program Director
Experiment in Self Reliance
In today’s economy how do we make repairs to our homes or even maintain and keep them up?  I’ll tell you by planning ahead and using a budget. Some may think of a budget as restrictive but a budget is really a wonderful and useful tool. For example what if you need to purchase a lawnmower before next spring and it is going to cost you $550 if you plan to purchase it in March you have 10 months to save for it @ $55 a month. When March comes around you already have the money to buy your mower. This is a painless way to acquire the things you need and those things you want also. We do not eat an apple in one bite why try to tackle big expenses that way. Wouldn’t it be better to take on expenses like we eat an apple one bite at a time?





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