Episode 101: Financially preparing for home projects and renovations
Listen now
Description
In this episode Coach Jill walks you through how to assess whether a home project is worth the investment and if you decide to move forward, what are some of your options for deciding how to pay for the project. There are so many options out there - from paying cash to credit to HELOC’s to loans. Let’s talk about what option makes the most sense for YOU when deciding to move forward with a home improvement or renovation project.     Questions answered in this episode: How do you determine whether a home improvement project is “worth it”? How do you decide the best financing option based on the size of the project?  When's the best time to use a HELOC vs. home equity loan? What we recommend for anyone considering home improvement projects this year   Additional tips and strategies: Do your research! Spend time in the researching phase before you move into action. Doing this research and weighing your options will help you to save money in the long run and help you feel confident in your decision. Get at least 3 quotes for from contractors for your home improvement projects Consult a financial coach to help you figure out all of the moving pieces and things to consider! Start saving now, even if you don’t have a project in mind yet. One of the certainties of home ownership is that home repairs and improvements WILL come and you want to be ready for them when they do. 
More Episodes
In this final episode of this season of the Fiscal Fitness Podcast, we want to push you a little harder. If you’ve stuck with coach Kelsa and Coach Jill for this long, chances are something has resonated with you. We want to know, what are you going to do to achieve fiscal fitness?   We want...
Published 11/15/21
When so many people think of budgeting, saving, and debt payoff, they often think that’s the end goal. The goal is to manage your money. But as we’ve talked about in previous episodes, your money is the tool to help you build the life you want. Your money simply makes you more of who you already...
Published 11/15/21