With the way things are going in the world, it has never been a better time to start planning and funding your fallout shelter and preparing for potential disasters. When the next disaster strikes you want to know you and your family are protected. However, the financial aspect of this can be stressful. So to help you, here are creative ways that you can pay for a fallout shelter.
Taking out a loan doesn’t have to be a pain. A VA loan is recognized as one of the best ways to use your credit for something important in your life, with competitive rates. And in terms of refinancing if you want a lower interest rate later on, you’ll be happy to hear that VA Loans can be refinanced as well, so you can get money out when you need to or change your rates down the line.This way, you can begin sooner, rather than later, on making critical preparations.
Save Up and Pay Cash
Sometimes, the old-fashioned way is the best way. If you can, save up cash and pay for the shelter outright. Many people will still choose to do it on loan or in payments, however. The reason is that you protect your short-term cash flow, even if you pay a little more over the long run for that security.
Rent Out a Room
Many people today have an extra room in the house. Perhaps a child went to college and moved out, or maybe they don’t use their office or storage room anymore. With Airbnb and other rental apps, it’s going to be little trouble to rent out a spare room in your house or apartment, and get some extra cash on the side.
Create a Side Hustle
Everyone has a few minutes a day, and everyone has a hobby. Now it’s your turn to find a way to get paid for your passion. Maybe it’s woodworking, writing, or some kind of construction. You can always barter your skills for cash or even rent. Make a list of your skills and see which one you wouldn’t mind doing a little extra at the end of the day. Before you know it, the savings will add up.
When it comes to a fallout shelter, you need to plan it way ahead of time. So your finances should be your first focus as you find a way to pay for it. However, if you don’t approach it the right way you might not have enough to fund it, at least not at the pace you want. So follow the tips above, and you’ll have your new shelter built in no time so you and your family can have peace of mind.