Making improvements is part of the joy of home-ownership. If you plan correctly and save for the changes you wish to make, home improvement projects can be exciting and very rewarding, both mentally and financially.

Starting a savings plan

If you are considering work on your house, don’t go further into debt. There may be lots of home improvements you'd like to make but adding debt is never a good idea. Instead, try and save some money to create the finances needed.

Return on investment

A great motivator to start the savings habit is recognising that your home improvement project will add value to your property. Before you dive into that living room conversion, look at which projects give the best return on investment. 

Setting a budget

Work out how much you can afford to spend on home renovations.  Quite often projects start with a list of changes to be made rather than the price that can be afforded. If you know exactly how much you are willing to spend or can afford, then you have a goal to save towards.

Keep savings separate

A good way to fund your home improvement project would be to put a small amount in a savings plan at the start of the month. You can gradually increase the amount you save over the years. In time you’ll adjust your spending habits so that you don’t even realise you are saving.

Control your spending

If you're not measuring, you're guessing. Using our budget calculator will help you get a handle on your finances. You’ll be amazed at how much you spend on things that are not important. 

Saving for the unexpected

Things don't always run smoothly and being financially prepared for unexpected costs is important. We have lots of useful saving tools to help you get started and continue to save.

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Start saving today

Apply online for a regular savings plan

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