How did you pay for your home renovation?

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-pers...

Next, create a budget that is capable of helping you to plan for the future. The best way to do this is via automation and this is how I do mine: https://www.blog.pzl.sg/how-to-create-a-monthly...

Personally, I am doing the exact same steps as mentioned above. This is especially because I don't like the interest rate for renovation loan in Singapore. Therefore, I spent considerable time and effort to plan my cashflow and to force myself to save up money every month for the renovation in the future. To make things worse, I need to pay cash for my downpayment and instalment too!

With this in mind, I will highly recommend for you to conduct comprehensive cashflow analysis to understand more about your finances and to enforce absolute discipline to help you save up for the renovation.

Here is everything about me and what I do best.

Try not to use loan for reno as the interest can b quite high. I suggest u to do the reno based on the cash budget that u hv, then look for more IDs or contractor for quotation. U will b surprised that the price quoted can b vary by a lot. If u r hardworking to source for value for money ID, u can definitely get wat u want within a budget.
Speaking from personal experience with 2 times reno done within tight budget.