4 Money Saving Tips For Every Homeowner

Jun 18, 2014 by Askia Roberts

Losing weight. Finding a new job. Spending more time with the family. Every year add new new goals to our plate. Why not make saving money one of them?

If you’re a homeowner, there are many ways you can cut costs and still live comfortably. The following tips will help lead you to financial success.  Here a 4 money saving tips that could help you do just that.

First, set a budget. Figure out exactly how much you spend on the upkeep of your home. Compare each month’s expenses with the previous month’s to get a better idea of how much to budget for each necessity. Then, see what costs you can cut. Once you set a budget, stick to it.

Save energy. You might be losing a substantial amount of energy dollars during the winter and summer because of air leaks. By caulking, sealing and weather-stripping all cracks and openings, you can save 10 percent or more on your energy bill.

Also, look into replacing older appliances with newer, more energy-efficient alternatives. Your light bulbs can make a difference, too. Fluorescent bulbs are four times more energy efficient than incandescent bulbs.

Consider refinancing. Shop around to see if you can replace your existing home loan with one that has a lower interest rate. You can easily save hundreds of dollars each month by refinancing your home.