Bank holiday DIY? Make your budget go further | will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be Scamsmart.

ARCHIVED ARTICLE This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

Published: 25/08/2017

The bank holiday weekend is almost upon us, and for many, that means a spot of DIY could be on the horizon. But how can you make that refurbishing fund go further? It's all about spending wisely!

Home improvements

Research from American Express found that 13% of respondents undertake extensive home improvements during the summer, with 38% choosing to take on these jobs over the bank holiday weekends. This means that a lot of people could be rolling up their sleeves over the next few days, and you'll probably want to make your money work just as hard.

The first thing you'll want to do is research the market to make sure you're getting the best possible price for all your DIY necessities. According to research from 360insights, 27% of UK adults look online to see if there are any products or services offering a reward or incentive before they take the plunge, and this could be a great place to start.

And what about when it comes to actually parting with your cash? This is where a cashback or reward credit card could come in.

Forward planning

By putting money on a cashback credit card, you'll be getting something back on everything you spend, which means your bank holiday DIY could end up being even more beneficial.

Jenny Cheung, director at American Express, spells it out: "[DIY] costs can add up, and a little forward planning can go a long way. By making home improvement purchases with a credit or charge card that earns cashback or rewards, savvy shoppers can earn something back to put towards next year's DIY projects, or simply to reward themselves for a job well done."

However, if you've got a bigger project in mind and will need a bit of a cash injection to cover it, you could well be looking to a personal loan. Again, you'll want to research the market thoroughly to make sure you're getting the best possible deal, and heading to our personal loan calculator could be just the thing.

For both kinds of credit, just make sure that your credit score is up to scratch before you apply, otherwise you could end up with a black mark on your file that could make it difficult to secure credit in the future. No amount of DIY is worth that!

One final thing – make sure to check your home insurance policy for any DIY-related features or exclusions. You wouldn't want to make a claim only to find that you aren't covered, and similarly, once the work is done, make sure to notify your provider of any improvements that have been made, as they could require a higher level of cover.

What next?

Compare cashback credit cards, or head to our personal loan calculator to find a deal that can fund your bank holiday home improvements

Not happy with your current home insurance policy? Compare the alternatives


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

green abstract pattern

Cookies will, like most other websites, place cookies onto your device. This includes tracking cookies.

I accept. Read our Cookie Policy