Time to Redecorate? 8 Steps to Know

Set up a good system to keep track of your expenditures. I use an Excel spreadsheet, but even a spiral notebook can work for smaller projects. The key is to keep it updated. Here’s an example of how I keep a running log of project expenses. While the main goal is tracking the total amount spent, I also indicate the store (which I left off here because stores will vary based on your location and preference), method of payment, general description and any notes, such as delivery fees — useful information that may come in handy later.Keep all of your receipts together in one location. You can refer to them easily for warranty information and returns, if needed. I use a small zip pouch made for holding pens and pencils while I’m out shopping. After I return and enter them into the spreadsheet, I stapled each receipt to a piece of paper and store that neatly in a project folder.See more tips on creating a decorating budget

1. Commit to a Budget and Timeline First, figure out your total project budget. If you skip this step, you’ll likely spend much more than you anticipated and make poor purchasing decisions you’ll later regret. Also pick a date to complete your project by, even if you don’t have a looming reason to do so. Creating a complete-by date will fuel your project so it can take flight. Completing one stage of a project informs the next and the next. Otherwise, approaching your project piecemeal will delay completion, if you even complete it at all.