When it comes to owning a home and paying household expenses, the money adds up. Groceries, utilities, and other reoccurring payments begin to pile onto one another and add onto the financial stress.
However, there are plenty of ways to begin saving money without having to begin selling off furniture or taking out another job. For example, learning how to lower your electric bill significantly impacts the annual amount you spend.
Another example of saving money is when you are moving. Moving costs can start out low but if you need extra manpower, hiring someone quickly increases the price. However, there are tips and tricks designed to work with your budget and requirements.
By implementing even a few of these changes, you can lower one-time or reoccurring household expenses by hundreds of dollars. For more information on tips and tricks to begin saving money at home, check out the following article.
How to Save on Moving Costs
Most people do not realize how much money can be saved when moving into a new home. As soon as you know you are moving, start a moving budget. A moving budget lists all expenses for the move including any moving trucks, packing materials, and potential hired professionals.
If you need a moving crew, try and secure that first. Try and ask all your friends to help with the move. Then, determine how many professional movers you need to hire, if any. After you know this number, begin to research multiple moving companies. Check reviews and compare each price point to find the best offer.
Another recommendation is to consider what furniture you are moving to the new home. If you have pieces of furniture you do not want to move with you, try to sell them. Trying online platforms to sell your used furniture is potentially quite lucrative and helps to fund the rest of your moving process.
If you are in need of boxes, do not be afraid to ask friends and family for all available boxes. You would be surprised how many of your loved ones have boxes readily available. Another tip is to keep the original packaging of items you purchase.
Having the original box means you know the item will be packaged well and it is one less box you need to purchase later. Sometimes you can visit your local grocery store to inquire about empty boxes. Many stores have boxes on hand after a restocking shipment arrives.
Have everything packed at least a day or two before you are supposed to move. Professional movers are paid by the hour and if they must wait for you to finish packing, it increases moving costs. Label everything and group packages together as much as possible.
A good labeling and organizing system ensures everything ends up where it should, and movers can quickly place things in the new rooms.
How to Lower Your Electric Bill
The two most expensive household costs you encounter are your electric and water bills. Depending on the season, your bill may be higher. However, if you feel as though your bills are becoming increasingly more expensive, it could be due to overuse or poor insulation.
The first step to lowering your electric bill is to pay attention to the coldest and warmest months in your area. For example, if July is the hottest time of the year for you, your A/C unit must work harder to stabilize the temperature in your home.
That extra power it exerts sharply increases your electric bill. Before you decide to turn the A/C off altogether and deal with being uncomfortable, try looking at your filters and vents. Change the filter and open the vents as much as possible to increase air flow in the house.
Make use of your fans too. If your fan has the ability to change the direction it spins, it can quickly assist in cooling your home.
Checking on your home’s insulation is crucial to lowering your electric bill. If your home is not properly insulated, heat and cool air could be escaping. This results in more energy being syphoned to properly heat or cool your home.
Pay close attention to entryways, water heaters, hot-water pipes, and your refrigerator. If you do find poor insulation, consider replacing it as soon as possible.
Try to unplug or fully power down devices whenever possible. For example, game consoles power down into a “rest” mode after a set amount of time. However, being in a rest mode still consumes more electricity than being powered off. If you have any seldom used lamps in your home, unplug them and only plug them in when necessary.
When you leave for a trip unplug every extraneous electronic that will not be used while you are gone. Replacing electronics with equivalent energy saving options is recommended. For example, energy efficient LED bulbs and motion detectors for outside are perfect to ensure you do not waste electricity.
Learn Cheap Home Hacks to Save You Money
When setting up your household, start with a list of all your expenses. If you are aware of how much money comes out of your household each month, you can begin to design a plan to scale back costs. If you have trouble doing so on your own, there are many free mobile apps to help you.
Start by reducing any unused reoccurring subscriptions. For example, if you never go to a gym, do not continue to pay for that service. Check to see if bundling any of your current necessary services together is possible. Often, television and internet providers lower costs through bundling. It may not seem like a lot in the beginning, but those small costs begin to add up.
Tips to Help Families Save on Household Costs
Trying to reduce costs on your mortgage or rent may take some work but it can be done. If you make at least one extra payment on your mortgage each year it can reduce the amount of money loaned to you and reduce your interest rate over time.
If you are renting a home, try to speak with the landlord when you consider re-signing your lease. Make it easier to negotiate by always paying on time and being a low-stress tenant.
Depending on where you live, transportation costs can skyrocket a budget. Gas prices can increase and rack up the spending. If you have friends or colleagues living close by, consider carpooling. If you live close enough to work consider biking or walking to work to save on gas prices.
Do not count out the benefits of coupons and sales. Depending on the day, grocery stores may hold special sales to offer buy-one-get-one specials or highly discounted rates. If you have the space, try growing your own vegetables.
Seeds are very cost effective, and you have the peace of mind knowing where your food came from. Try to scale down eating out as much as possible. The price of a single meal out with friends could potentially fund a week’s worth of meals.