Nearly one-quarter of Americans have taken out a personal loan since the coronavirus pandemic took hold in March 2020, according to a survey conducted by Ipsos for Forbes Advisor, with home improvement projects the leading reason why.
Approximately 25 percent of survey responders said they used their personal loans to fund home improvement projects. Forbes also said 70 percent of Americans tackled a home improvement project during the pandemic.
After home improvement, the next most common responses were to pay medical bills (21 percent), debt consolidation (20 percent), financing a vehicle (20 percent) and auto repairs (20 percent). Note: Numbers do not total 100 percent as some surveyors may have answered multiple reasons.
Forbes noted that income levels and family size were factors in personal loan usage. Families with children were more likely to say they used their personal loan to
Posted: April 11, 2021 9:45 am
Spring is the natural time to feel motivated to tackle some home improvement projects. The warming temperatures and the promise of summer ahead make homeowners want to spruce up their digs. While installing storm windows may not be the most exciting home improvement project, there are numerous reasons why you should consider this upgrade.
Provides Crucial Insulation: A significant amount of air is lost through your windows. Why pay to heat and cool your home when it just filters out the windows? This only increases your energy bills and makes it more difficult to keep your home at a comfortable temperature. The addition of storm windows will boost the barrier between the inside of your home and the outdoors, helping you to keep your energy bills down in the process.
Upgrades Standard Home Windows: Adding storm windows is an easier and more cost-effective
Fight for equity in women’s college sports has been a decadeslong battle. Aaron J. Thornton/Getty ImagesWhen college women basketball players began to post photos and videos of how they got less food, less accurate COVID-19 testing and less exercise equipment in the NCAA March Madness Tournament bubbles than their male counterparts, a sense of collective outrage ensued. U.S. Sen. Kirsten Gillibrand, a Democrat from New York, tweeted out: “This is outrageous – but it’s not just about the weight room. From their facilities, to their food, to giving them less reliable COVID tests, the women’s NCAA basketball teams are being shortchanged.” Sabrina Ionescu, the star Women’s National Basketball Association player with the New York Liberty, added: “Women’s @NCAA bubble weight room vs Men’s weight room… thought this was a joke. WTF is this?!? To all the women
Spring has sprung at Lowe’s.
The home improvement chain’s SpringFest event officially starts Thursday and includes the springtime promotion of free Garden-to-Go project kits, which can be picked up curbside every Thursday in April.
Advance registration at Lowes.com is required to get the family-friendly themed kits and opens up a week prior to the giveaway. At midnight ET Thursday, registration opens for a Mystery Garden Pinata with mystery seed packets that will be handed out on April 15.
Consumers are advised to sign up early as kits are available while supplies last.
“A limited number of kits are available for each experience and this extremely popular event drove more traffic than we ever expected,” Lowe’s said in an April 1 tweet after registration for the first round of kits was full. “We’re taking steps to ensure a smoother registration experience throughout SpringFest.”
Save better, spend better: Money tips and
U.S. homeowners are taking on home renovations during the pandemic, fortified by increased savings and an environment of low interest rates. According to a Bank of America survey, 70% of Americans decided to take on home improvement projects last year with more projects planned for 2021.
“With the pandemic, we have seen an increase in homeowners using our projects tracking features,” said John Bodrozic, co-founder of Home Zada, a homeownership data analysis platform. “The most common projects are kitchen and bathroom renovations which fall into a major home improvement. The next level of projects are more of flooring and painting projects which fall into minor level renovations.”
If you’re remodeling your home or plan to remodel, remember to consider the impact your home