Always have a fixed project budget

Always have a fixed project budget


When embarking on a large financial project such as building a new house, renovating your existing house or starting a business, it is important to have a budget. Without a budget, it is easy to spend beyond your means, resulting in unintentional debt. This can affect your financial standing and quality of life for many years to come.

Implementation and cost.

  • Decide how much you can comfortably spend on the project.
  • Get fixed quotes for the work and calculate your total costs.
  • If your costs exceed your budget, either cut back on the work or reconsider the project.
  • If going ahead, consult your budget before every purchase to ensure your still on track.
  • Use a project budget template.

Similar posts you may like

"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"

- Bono: U2