Brushes? Check. Dropcloths? Check. Don't forget to add to your list the assurance that your paint color will work the first time so you don't have to go through this hassle again. The right home color palette is one of the strongest and cheapest tools in your decorating arsenal. Designer furniture and home accessories featured in magazines are expensive. You can create the same look in your room for just the cost of a gallon of paint. The perfect paint color costs just the same as an ugly gallon of paint. Here are tips for putting together your own home color palette.

Balance your space with neutral colors. Neutral colors include white, black, brown, gray and pale shades of gold. If you choose a bold color like orange it can overwhelm your space. It's possible to make any color work in any room if you know how to balance it. The use of neutrals makes sure that brighter colors don't burn your retinas. You could even liven up an all white room just by bringing in a splash of orange on the throw pillows. Neutral colors don't have to be boring, add a little shimmer to create silver accents that will compliment bolder tones.

Consider monochromatic palettes. This is a way to avoid matching colors altogether because you'll just be using one shade. You'll want to bring in a lot of textures like wood tones. The colors don't have to match exactly but should be similar. You could try creating a brown room with cream and wood accents that are monochromatic without making you yawn.

Decide on the theme of your room. You can make the same color work with different design styles. This is a great option if you like to redecorate a lot but you aren't too keen on painting. You could make a peacock blue room feel global, vintage, traditional, eclectic or old world depending on your furniture and accessories.

Use the color wheel to create a home color palette. If you want a dramatic look then go with the color directly across from your main color. You can also create an interesting palette with analogous colors which are right next to each other on the color wheel. The color wheel has already done most of the work for you.

Bring in what you love. You can decorate with pink or purple and still have a sophisticated space. There is no right and wrong in interior decorating. If you are afraid to use your favorite colors you'll end up with a space that you aren't that enthusiastic about. Just bring in balance to make your favorite items work. You might have to use it in smaller doses on vases or throw pillows. Then you can balance out the room with more "normal" decorating colors, but you'll still get your personality in the space.

You don't have to be an interior designer to create a home color palette. You can get the designer look for less just by learning how to use color effectively. There are no more excuses for white walls; unless the white walls are the base for fantastic decorating.