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    6-4. More tool tricks - Electronic Edition

    6-4. More tool tricks - Electronic Edition
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     We had a friend who took out a construction loan to build his home that included $8,000 for tools. That seems ill advised for a non-tradesman, since the tools now ride on his 30-year mortgage, and will cost him $15,000 with interest over that period. It also seems ill advised because there are so many ways to save on tools (including software):

• Prepare the task you need to do so that you can make immediate use of a rental tool and rent for a shorter period. For instance, a half-day rental saves.
• Rent long-term for a lower rate on a major item like scaffolding, and share with another owner-builder or even tradesman.
• Buy at a construction auction, at a favorable price, then resell after use, or trade for other benefit.
• Buy used off classified ads.
• Trade for it, or for the work you intended to do with it.
• Find tool bargains on the Internet.
• Keep a spreadsheet or other record of your tools, their cost, location (which bucket, chest, or closet?), and recent maintenance like sharpening or lubrication. It’s hard to keep track of many small items otherwise. Managing tool costs takes some effort.

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