As prices go up, we try to find ways to save a few extra dollars on our household expenses. Sometimes there are little things that you do or don’t do that end up costing you money without even thinking about it. Step back and take a look at what your expenses are to find a few extra dollars in your household budget. It is easy to save money if you just look at the small things. Here are a few things that we’ve done:
1. Turn your water heater down. There is no reason to keep your water at a scalding temperature. You can probably turn down your water heater a few degrees and still have plenty of hot water for everyone. Water heaters should be kept at not less than 120 degrees F. You can purchase a timer that will turn the water heater down at bedtime and up again an hour or so before people wake up for their showers.
2. Bundle your internet, telephone and cable bills with one provider. Many providers offer special rates when you get all of your services through them. Check to see who offers the best package deal in your area and you could save as much as $20 a month.
3. Make energy smart decisions. Switch to energy smart light bulbs and appliances to lower your electric bill. Turn off lights when not in use. Turn off the radio and television when no one is using them. Install a programmable thermostat to turn down your heat when everyone goes to bed.
4. Enjoy family fun at home. You don’t need to go to the movies when you can rent a movie for a fraction of the cost and make your own snacks. Check books out at the library instead of purchasing new ones.
5. Pay your bills on time. Avoid interest charges and late fees by paying your bills before they are due.
6. Talk to your insurance provider about possible discounts you may be eligible for. Check around and find the lowest price on your insurance that you can. Full Coverage AutoInsurance is a website that allows to to compare auto insurance quotes for free.
7. Use coupons when you shop but don’t use them to purchase things that you’ll never use. It’s great if peas are only .25c a can. If no one in your family will eat them, you’ve just wasted .25c.
Take a step back and really evaluate each expense as you pay it. Ask yourself if there are ways that you can lower or eliminate that expense and then take steps to get your spending in order. What’s your favorite money saving tip?