Household tips that could save you thousands of dollars

By Jennifer Noble | Nov 08, 2017

For some people, there’s nothing they won’t do to save a bit of money each year. They don’t always realize just how many money-saving opportunities are right in their own home, though. These tips can help you save thousands of dollars each year.


1. Replace your lightbulbs to lower your energy bill.


By swapping your old light bulbs for compact fluorescent bulbs, you can cut down your energy bill more than you’d think. The bulbs themselves will cost a bit more than a regular bulb, but you’ll more than make up the difference on your energy bill. Not only are they more efficient, but they also last much longer than regular bulbs. If you don’t want to replace every single bulb in your house, just pick the five lights that you use the most and swap those out – you may be tempted to replace the rest once you notice a lower energy bill.


2. Upgrade to smart thermostats.


Unless you’re home all day long and can continually adjust the thermostat to your needs, consider installing smart thermostats in your home. You can adjust the cooling and heating of your home when you’re at work or on vacation, quickly adjusting as needed when the weather changes or if you realize you forgot to lower the temperature before leaving. You can also have your home comfortable for your return and set it to auto-adjust throughout the night based on your preferences. Ultimately, this means that you won’t have to use heating or cooling when you’re not home because you have control over the thermostat no matter where you are.


3. Unplug your electronics to save money on electricity.


Even when your electronics are off, they’re still sucking up electricity. If you’re not using your TV, computer or DVD player at the moment, there’s no reason to be paying for it. Unplug the devices that aren’t in use. To make it even easier on yourself, plug your electronics into a power strip and shut the power strip off when you don’t need it.


4. Get rid of cable.


With so many options out there for viewing cable TV and movies online, there’s almost no reason to have traditional cable anymore. Even if you can find a great introductory deal, regular cable still seems to cost more than streaming services. Figure out what you like to watch, then search for a streaming option that matches your needs – there’s very likely one out there.


5. Install insulation to reduce energy consumption.


Even though installing installation will cost money upfront, it will save you a lot on your energy bills in the long run (and it will also make your home more comfortable to live in). Insulation makes it easier for your home to retain heating or cooling, so it’ll be easier to keep it warm in the winter and cool in the summer without requiring so much heat or air conditioning.


6. Replace your faucets to save money on your water bill.


By installing low-flow faucets and showerheads, you can cut your water bill down quite a bit. Think about how much water you actually need to do the dishes, wash your hands or take a shower – chances are you could get away with a bit less, especially if it means saving money. Alternatively, you can buy faucet aerators, which cost a bit less and will have a similar effect.


7. Prevent mold and leak problems now.


If you notice that your ceiling has a gray or yellow stain, or that the bathroom walls feel moist even if you haven’t just taken a shower, you may have a leak somewhere. By fixing the leak and then replacing the drywall, you’ll get rid of the accumulated mold and also prevent a huge – and expensive – disaster in the future. Not positive if you have a leak, where it is or how to fix it? Consider hiring a professional to come in and assess the problem area.


Saving money in the household doesn’t have to be confusing or complicated. By following just a few of the tips mentioned above, you can see excellent rewards in the near future.

 

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