Recently bought a house and spent a ton of money on my renovation… now I am cash poor… feeling uneasy at the moment…

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Cash spent on renovations pay over the course of time, you are getting to live in a home than house. Also money is there to be spent on important things so cheer up. Money spent on home is worth it.

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I feel this. I’m just crossing my fingers hoping I have at least a year of no major emergencies and can build some cash back.

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Right there with you. Hopefully nothing happens within the first year so I can reup my savings. Had me thinking if I did the right thing buying a house right now but feels so good to be in my own.

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This is exactly what I am thinking / experiencing right now… 😭

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Well, it’s spent you can’t return renovations so don’t dwell on it too much. Gotta suck it up, live cheap for a little and recoup your savings. It should be fine to live cheap in your newly renovated home though.

Depending on the mortgage rate you have (and the state your in) you could do a limited cash out refi to recoup some cash and drop the payment at the same time. Might not work but it is worth a look.

Couldn’t you do a heloc if you really get in a cash crunch?

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