Project budgeting

Like I said in my last post, things have been busy in the SalTal household. Andy and I decided a few months back to start a monthly project budget. We decided that we would take X amount each month to tackle major projects on our list for the house. This does not include small DIY or crafty projects, which rarely are more than $50. For example things like painting a room, redoing floors, a kitchen backsplash, we would consider a big monthly project. We decided to do it this way so that it didn't seem to overwhelming and it's been working out nicely. We have taken on three big projects since we instituted the budget: the kitchen backsplash, the bamboo floors, and painting two spaces. All of which I plan to blog about in the near future. Three projects may not seem like that many since we have been utilizing the project budget for a little over five months, but we created a rule that we could roll over a previous month's budget to tackle something we really wanted to do. We had to do this with the floor project, which was totally worth it. I don't think that we will always have a project budget every month, eventually the house will be settled and we will only want to take on bigger projects as needed, but for now with so much to do I think this system will work.

How does everyone else tackle major projects? Do you save a little over time or just budget it in each month? Or some kind of combination of the two?

 

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