How To Keep Financially Stable When Decorating Your Home

Maintaining your financial stability when decorating a home can be difficult, particularly as you may require a mortgage to be able to purchase your dream home. Although there a number of guides online to aid you in finding the best mortgage for you when buying a home there are also a number of ways that you can save money even when decorating.  

Rework With The Items That You Have 

When looking to maintain healthy finances during this process it is important to rework the items that you may have to ensure that they are fit for purpose within your home. Whether this is through upscaling or recycling, you can save money by reusing items that you have bought with you during the move. With the average monthly household expenditure at around £572.60, it is important to ensure that you are maintaining spending habits at an amount that you can afford. With this monthly household expenditure increasing from 2003 it is showing no signs of slowing down and therefore it is crucial to ensure you are spending within your means. 

Sell Items To Generate Cashflow 

In addition to upcycling items that you already have, you can also sell your unwanted items in order to generate cash flow. When looking to sell items it is vital that you price them efficiently. This is a stable way of producing revenue from unwanted items however, retailers such as eBay take 10% of the final transaction value as well as the shipping, therefore pricing needs to be high enough that you will see a return of investment where possible. When the eBay listing is finished it is also crucial to make sure your item is packaged safely and securely. This will help to ensure you have a positive review at all times on the platform as you will then appear as a trusted seller. Though this may not seem like much, a positive review on your page will help you to sell unwanted items with a much higher success rate.  

Fix Items Rather Than Buying Brand New 

Though some items are not worth repairing due to the excessive cost, the general rule of thumb is to only repair something if the repairs cost less than 50% of the original purchase price. This is important when looking to maintain a healthy level of spending as items such as blinds, curtains and upholstery can be repaired or upcycled for a fraction of the cost of buying a new one. This technique is particularly beneficial for first-time homeowners as the average price of a UK home is now at around £227,896 as of October 2018 which can leave very minimal room in your budget for interior decorating 

Take Your Time 

When looking to buy items for your home it is crucial to ensure that you do not rush. By shopping around for items either online or in-store you can begin to find the perfect items that work within your budget. This technique is indicated in the recent figures published by the Office Of National Statistics that showed the volatile nature of retail sales up until August of 2019. 


The above table shows the volatile nature of the retail market in recent months, therefore suggesting that many are hesitant to make purchases. Whether this is due to the current state of the economy or the ongoing disputes from within the British Government over the relationship between Britain and the European Union, there is a reason to suggest that the economy could begin to slow down. Therefore, due to this volatility in retail spending, it is crucial to time your purchases wisely particularly when looking to purchase expensive electronics and other household items.

With this in mind, there are a number of ways that you can maintain stable finances whilst decorating your home regardless of the size of the home or flat that you have. Whether you are opting for a brand-new carpet with some fresh paint, or you are looking to completely revamp your home, you can be sure you are financially stable throughout the whole process. If you do find yourself in a financial emergency, remember to explore your options and revisit our top tips. For alternate funding, we suggest reading a guide to payday loans, consulting banks for a personal loan or discussing your finances with your friends and family.’