Maintaining your new home can become a drain on your finances, especially when you have bills, debts, and family to feed. However, there are always ways to save money around the home. Try these five tips and you should start finding some extra cash in your bank account at the end of each month.
It does no good to try saving money if you have no idea where your money is going. Start saving receipts, or keep a notebook handy to list all your home-related purchases. Include utility bills, tools, and other materials or supplies. Once you have a good idea of what you’re spending, try to reduce it each month by doing away with all but the essentials, and trying to extend the useful life of those. For instance, you might be able to borrow tools for your next project, or get away with half a cup of detergent instead of a full cup.
You can save money by finding more affordable alternatives to your household purchases. Start buying generic store-brand items instead of national brand names. Shop at cheaper stores like Walmart or the closest dollar store. You could also check out thrift shops, pawn shops, flea markets, garage sales, and Habitat for Humanity’s Restore locations. There you can find all kinds of used building supplies at substantial savings.
Have your heating, ventilation, and air conditioning system inspected and regularly maintained. It sounds like an added expense, but inefficient HVAC systems make your home’s climate control work harder. Clogged filters, ducts, and aging parts will drive up your power bill and add to the wear and tear on the system, leading to more expensive repairs later. Ask a technician like Bryant Air Conditioning, Heating, Electrical & Plumbing or someone similar if they have an affordable service plan.
You may not feel that you have a green thumb, but it isn’t hard to learn. If you can spare a little time each week and a few dollars for seed, you can grow food like tomatoes, beans, and more that will save on grocery costs. Collect your grass clippings and other plant waste to serve as compost, and you won’t have to spend money on fertilizer.
Another way to save on costs is to look for recycled materials. They’re generally cheaper. Also, for every project you complete, think about what you can repurpose. Perhaps part of that old paneling or dry wall could be reused on smaller projects, along with items like used wood, old screws, or carpet remnants. Old cans of paint can be mixed together to create original shades. Use your imagination, and plan carefully.
The only hard part about saving money is making a habit of cutting corners anyway you can. With a little creativity, it can even be fun. It’s well worth it if you have extra cash for more important things.