When someone mentions a do-it-yourselfer I tend to think of those folks on HGTV who pave their own driveways or re-tile their kitchens. No doubt those people save a lot of money and add a lot of value to their homes. And while I like to watch those shows, I definitely don’t fall into that category.
I am, however, what I call a financial do-it-yourselfer. I like to research and am not afraid of a spreadsheet or 10 key. Looking back over that last five years or so, here are the ways I’ve done my own version of heavy lifting:
- When we were ready to sell our house five years ago, we decided to go the “For Sale by Owner” route. By following the marketing suggestions I found in a downloadable e-book, our house was sold in six days. The title company walked us through the rest. We also bought our new house by owner.
- By husband runs a small, incorporated business. While the returns are too complex to tackle myself, I do the monthly accounting and payroll, including filing the payroll tax returns. At tax time I make sure the information I give our accountant is as complete as possible, which saves on accounting fees.
- At the moment we’re more focused on debt reduction than investing, but the investments that we do have for retirement are in no-load mutual funds that we contribute to directly. As we have more money to invest I anticipate dedicating more time to researching investments.
I may not be very handy with a hammer, but I like looking for other ways I can contribute to the bottom line!