Tuesday, 29 September 2009

Tips on How to Save Money on Home Expenses

In this economic crunch time, we all are looking for ways on how to save money. But if you just take care of a few things on your home related expenses, you will save significantly. Although Potential savings will vary from person to person, but still the more money-saving measures you adopt, the more money you'll save.

You can start by saving on your home related utilities like electricity. Install the new type of fluorescent bulbs in lights you leave on for long periods. They provide 4 times as much light and last 10 times longer than incandescent bulbs. Set thermostats not higher than 68 degrees in winter and not lower than 78 degrees in summer. Also make it a point to turn the heater down when you are not at home.

Check out if your utility company offers free energy audits, through which they inspect your home for energy effectiveness and recommend economical ways to cut energy costs, such as insulating hot water heaters, weather-stripping, etc. here is a tip on how you can save further on electricity. Use your microwave instead of oven whenever required and you could save up to 50% in energy costs for cooking.

Refinancing is one option to save money on mortgage. It’s also a good idea to opt for long-term mortgage plan to have better saving.

1 comment:

  1. loved the way you explained things. Much better many here
    mba

    ReplyDelete