December 3, 2025
Homeowner’s Handbook: Budgeting for What Really Matters
To avoid debt from costly home repairs, homeowners should create a home improvement budget. This involves listing upcoming projects (both routine maintenance and larger repairs), prioritizing needs over wants, getting multiple quotes from contractors, and setting up a “sinking fund” to save for expenses over time. It’s also crucial to maintain an emergency fund for unexpected issues. Experts recommend saving 1-3% of your home’s value annually for repairs and keeping 3-6 months of living expenses in an emergency
