Homeowners and renters across the country can save money around their homes using little time and effort. From DIY projects to changing certain habits, everyone can take advantage of some or all of these easy tips.
1. Smart Thermostats
You blast you’re A/C in the summer and crank your heat in the winter all in the name of achieving a comfortable temperature inside your home. A great way to save hundreds throughout the year is to invest in a smart thermostat – no more adjusting your thermostat throughout the day and wasting energy and money.
Wasting water during baths and showers means your money is literally going down the drain. Replacing old and outdated showerheads with new low-flow models could shave upwards of $100 off your annual water bill. Don’t be fooled by the name – most low-flow shower heads still provide excellent water pressure!
3. More is Less
An easy tip that can save you thousands of dollars in the long run is to pay a little extra on your mortgage payment each month. Any additional money you spend above and beyond your normal monthly payment will go directly towards principle and save you tons of money in the long run in interest.
Even when you’re not using your homes appliances and electronics they’re still using electricity. This phenomenon is known as “phantom power” and can cost you hundreds of dollars annually. By unplugging your appliances, you can save an estimated five to ten percent on your monthly electric bill. If you don’t want the hassle of unplugging, invest in a smart power strip to help reduce your usage.
5. Photosynthesis is your Friend
Some people spend hundreds of dollars on air purifiers to reduce allergens in their home when all they actually need to do is buy a plant. Not only do plants remove toxins from the air naturally, they also add a little extra color to a room and make it feel more warm and comfortable.
6. $15 can Save you 15% or More….
For about $15, you can purchase the supplies you need to weatherproof doors and windows and save up to 15 percent on heating and cooling costs. Products can include caulking, felt, and foam tape, so make sure you figure out what your specific home will need.
7. Home Warranty
A home warranty is a great way to save money and protect your budget. In the event one of your home’s major systems or appliances breaks down, a home warranty can help protect you by subsidizing some of the costs associated with getting it repaired or replaced. Learn more about what a home warranty is here.
8. Invest in Fans
Save money in the summer by decreasing your air conditioner usage and use your ceiling fan instead. On average, an air conditioner uses 3,500 watts of energy, while a ceiling fan only uses 60 watts of energy, costing only seven dollars per month to run. Ceiling fans can even be useful during the winter months! Set the fan to run in a clockwise direction which will push warm air down from the ceiling and keep your home warm.
9. Shop from Home
Before you buy new accessories to spruce up your home, look at what you already have and see if there are small tweaks you can make to give your home new life. Rearranging furniture and lighting is a quick and free way to recreate an entire room. Switching decorations between rooms is another free way to make two spaces feel new and different.
10. Washing Without Wasting
You can save money on your laundry by adopting some simple habits like washing clothes in cold water and not overfilling the dryer to save tons on your energy bills. When it is time to upgrade your washer and dryer, consider investing in energy-efficient units. Not only will they save you money on your bills, but they may qualify you for a tax credit.