The Benefits of Doing It Yourself: A Budgeting and Saving Money Guide
It is easy to want to outsource home improvements and projects in the name of convenience, however with some elbow grease, tackling a job yourself can save money and teach you valuable skills.
Quality Control
Quality is fully in your controls so nothing is missed, outlooked or rushed. Materials can be customized to fit budget, scale and scope so that you have full control over the outcome of the DIY.
Cost Savings
Hiring out contractors can be $40 to $200 an hour which is much higher than the average salary. Each time you take on a task you can treat it like you earning that hourly wage. Even if you take twice as long the cost savings are still high. Labour can be the highest cost on a project surpassing material costs.
Maximizing After-Hours Productivity
If your job has limited hours per week like a 9-5 job, then using free time for DIY projects can be another way to save money. Since you can no longer increase your wage after 5pm you can utilize this extra time to earn money that would have been spent had it been outsourced. It is a way to increase your earning potential out getting another job.
Learning Valuable Skills
Learning new skills can be hugely rewarding, reducing ones reliance on paid services. DIY projects are a great opportunity to slowly learn and build up your skill set. These skills can compound to more difficult projects and can assistance friends and family with their projects.
Please see the DIY Blog Page for more posts on how to building it yourself can save you money.
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