Saving for your first home can be a daunting and overwhelming task. It can be hard to know where to start and how to get to where you want to be. I still remember when we were newly married and set the goal to purchase our first home. It took my complete focus - from when we created our plan, until we signed the contract for that home. It was something we really wanted, so we prioritised our finances and focused on this goal.
Part 3 of our ‘Dollars and Sense’ budgeting series is all about allocating your budget. In this video we explain how we go from setting our budget, to allocating it. Removing the guesswork, to make sure it is realistic and setting your budget up for a win.
In Part Two of our ‘Dollars and Sense’ budgeting series, we share our strategy for setting our overall project budget for a renovation. This can and may vary widely depending on the state of your house, its location and the scope of your plans.
For our Reno Race project, the experts Alice and Caleb had a clear idea of how they were going to approach this renovation, it was a budget cosmetic makeover. The priority was to do it as effectively as possible - both in spending as little as possible and doing it as quickly as possible. In short our goal was to do the full project, interior and exterior in 3-4 weeks with a budget of $33K.