A living room renovation doesn’t necessarily have to cost a fortune. There are many ways that you can do without having to sacrifice your three months worth of salary or a lifetime worth of savings. You only must separate your "needs" from your "wants" and "considerable wants". It is actually easier said than done because there's only a thin line that separates those three categories. But successfully doing this can make you a lot of money. Classify your furniture or accessories under three (3) categories. These categories can be “for keeping”, “for throwing” or “for renovating”.