Having the right tools can save you a ton of money with home care and repair – even if you’re a DIY newbie.
Home DIY Tip #1: Right Tools for the Job
My husband and I have a little collection that we’re proud of owning- our tools.
As we taken on little projects around the house and with the cars, we’ve slowly grown it. That allows us to create a set of tools that we use regularly without spending money on tools we’d rarely need.
Becoming Comfortable & Confident with Tools
Before we were married both my husband and I helped our families with little projects here and there that make a house a home.
I wouldn’t call us experts, but it’s nice to know that we had a bit of practice under our belt.
I’d recommend couples to have a basic tool kit for themselves. It’s not only very helpful in saving money.
It can help you fix up your home the way you want it, but it gives you a sense of accomplishment.
Essential Handy Tools for the House
If you’re looking at picking up tools for fixing up the house, here some tools that have worked well for us.
Power Drill: This is our most used tool. We’ve assemble furniture, install shelves, and more.
Wrench Set: This set has been extremely helpful for us with repairs.
Screw Drivers: Small projects are a cinch with the right screwdriver. For electronics, we have picked up a great set from iFixit.
Tape Measure/Level: Hanging pictures and art is pretty quick and easy with a level. Having a tape measure can also help you space them properly.
Pliers: Grab both pump and needle nosed pliers.They’re useful for quick toilet repairs and cutting wire.
Tool box: Besides keeping your tolls in one spot, if you kids tool boxes can keep them from grabbing them unsupervised.
Hammer (and nails): So basic, yet so necessary. Don’t go cheap on the hammer. My first one brokeand I learned my lesson.
Goggles and gloves: Safety is important when doing projects, so having these items can be extremely useful.
Each family will probably add a few tools in their collection based on their needs, but those listed above can give you the most bang for your buck.
Besides picking them up at the store shop around yard, garage, and estate sales, which can help you snatch up some wonderful tools at a fantastic price.
I would suggest also getting a ladder, but for some couples it might not be necessary so I didn’t put it on the essential list.
If you’re getting married soon or you’re planning on having a house warming party, then you should consider adding tools to your gift list.
Your Take on Home DIY and Tools
How many of have home projects that you take on time to time? What’s in your tool box? What do you use the most and the least?
For those looking for more advanced projects and repairs, you should check out Mr. Money Mustache.
If you don’t normally give much thought to your credit score, but find you’re being rejected by lenders maybe now is the time to take action.
Your credit score is essentially your credit reputation, or your history as a borrower. Since your credit score reflects your financial history, it gives lenders a basic idea of your creditworthiness.
This becomes important when you apply for a loan or a credit card. It’s easier for someone with a high credit score to get loans and competitive interest rates, while a low credit score can cause you to be denied a loan altogether.
For this reason, it’s important that your score is both correct and as high as possible.
So, how can you optimize your credit score?
8 Ways to Improve Your Credit Score
There are many small steps you can take, but they can each have a big impact on your score. The following suggestions will help you boost, and maintain, your credit score.
Get a Copy of Your Credit Report
There are several ways to get hold of your credit report, but the internet tends to be the easiest. You can get your credit reports (not scores though) through Annual Credit Report.
There are other websites that say that also can give you a credit report, but please be aware that there usually fees associated with obtaining your report from these websites.
Now there is a free option to get a credit score. You can use Credit Sesame to get a credit score using data from Experian updated monthly.
The free membership (no credit card required) allows you to see your credit score and you can also get suggestions on ways you can save money on your finances, like mortgages or credit cards.
Your personal information, such as your address and date of birth, should be correct and current.
Any debt you have, as well as who you owe, will also be included. Delinquent accounts should be listed, as well as any criminal history.
Generally the report will only contain information for the last seven years, so if anything older than that is included, contact the credit bureau, in writing, to have it removed.
Any information that’s incorrect should be updated immediately. You can contact the credit bureau directly to do this as well.
Remove Bad Debts
Getting rid of any record of bad debts can have a very positive impact on your credit score.
If your credit report shows any late or rogue accounts, get these back in good standing immediately.
Sometimes you can contact these lenders to negotiate a payoff, or to set up a payment plan that’s more manageable for you.
In any case, you’ll first want to pay any outstanding amounts, and then stay current on any future payments. Keep all accounts current if you can’t pay them off right away.
Sign Up for New Credit
If you don’t already have a credit card, get one. Be diligent about making payments on it and only use it when you’re sure you’re able to pay the bill.
By having a credit card and using it responsibly you can establish a positive credit history for yourself. Make sure you pay at least the minimum, and always pay the bill on time.
This will show that you’re consistent with paying back your debt, which will also help to raise your credit score.
Opt for an Installment Loan
Installment loans-such as car loans, student loans, and mortgages-are especially good for increasing scores, but you must be diligent about always making your payment.
Never borrow more than you can afford to pay back. Also, be aware that when you apply for these types of loans, your credit score is often pulled.
You often need to demonstrate a decent credit score to be approved. Additionally, applying for too many loans and being rejected will actually have a negative effect on your score, so be careful with this option.