Financing Lawn & Garden Projects

If you have a lawn & garden, things grow. But just like your finances, it's important to manage the growth. Before you end up in the weeds, you should prepare. Here are five tips to help you plan your lawn & garden projects.

  1. Refresh your overall financial budget

    If you haven't updated your household income and spending budget lately, do so before investing in home improvements and landscaping. If you have to dip into savings or disposable income, it's important to know what is available.

  2. Model the size and scope of your project

    Do you have ambitions of installing a small workshop? Putting in a gazebo? Roofing and screening in a patio area? Installing a pool? Build out the costs with an additional 10% added for unexpected expenses. Make sure you have enough funding to pull it off without straining your finances. If your project is too big, try scaling back and modeling a smaller project.

  3. Prioritize projects that will have a Return on Investment (ROI)

    If you're choosing between different projects and only have the funds for one, choose one that will provide you with the most added value to your home.

  4. Time is money

    You can save a lot of money with do-it-yourself projects. But doing things yourself comes at a cost. Always ask what your time is worth. If you're always strapped for time, sometimes it's worth it to pay more to get some of your time back. Also, think about the right time. If material costs spike due to supply chain issues that you expect will resolve, some projects might be better put off until cost and labor are lower.

  5. Don’t forget self-care

    Whether you'll be working hard in your garden, or just leisurely enjoying warmer weather, don't forget to stay hydrated and protect yourself from harmful ultraviolet rays with shade, hats, sunblock and UV protectant sunglasses. Health is wealth, and you owe it to your loved ones to take care of yourself.

Whatever your spring project might be, BancorpSouth can help find solutions to financing projects of all sizes, from small personal loans to Home Equity Lines of Credit to credit cards. Be sure to visit a branch or visit us online to find out what we can offer.

Sources: Cadence Bank, MyMoney.Gov, CNBC