Tuesday, June 2, 2009

Six Strategies to Reduce Home Spending

With the economy the way it is, it's natural to want or need to cut back on unnecessary spending. Although each change you make may only save a little, over the course of a year, the savings can really grow. So if you're looking for ways to decrease your home-related spending and increase your savings, try these 6 money saving strategies:
1. Mortgage-Compare your current interest rates with your current rate. Check into refinancing if possible.
2. Utilities-Consider swapping often-used light bulbs with compact flourescents (CFLs) and switching off appliances (such as computers and TVs) when not in use. Install low-flow shower heads. Wash clothes at a lower (or cold) water temperature. Lower the temperature setting on your water heater by a few degrees. Install a programmable thermostat and set it to keep your home warmer in summer and cooler in winter when no one is home.
3. Lawn car/yard services-Stretch the time between mowing intervals to save on gasoline and/or yard-service fees. If you use a service, look for a local teen who will cut your lawn for less. Determine what other services-fertilizing, leaf raking, spring/fall cleanup, etc. you (or a local teen) can take over to lower costs.
4. Cleaning costs-If you have a house cleaning service, consider stretching the interval between visits. Ask if your babysitter or a local teen would add housekeeping tasks to their services for a fee less than you pay now. When cleaning your own home, switch from expensive, pre-formulated cleaning solutions to homemade ones using inexpensive ingredients such as baking soda, ammonia and vinegar.
5. Cable/Internet service-Discontinue unused channels, especially movies, and switch to a mail-order service for movie rentals or borrow from your local library's DVD collection. Check what speed your cable/broadband internet service provides and consider moving down one speed level to cut costs.
6. Phone service-Investigate Voice Over Internet Protocol (VOIP) service to replace traditional land-line phone service. Assess cell phone usage and consider changing to a less-expensive plan. Investigate cost-savings from package deals for Internet, TV, land-line and cell service.
These are just a few suggestions to consider to help lower/reduce our home spending in these difficult times. There are many more. Do a little research and you may find other things you can do to help reduce your spending and ease the strain/stress for now. Hope you enjoyed these suggestions. Thanks.


Heart of a Cowgirl said...

Great suggestions...I already do most of them! Great minds think alike. :)

KayzKreationz said...

Thanks. :) I love finding these ideas/suggestions for recycling, energy savings, etc.

Blackfeatherfarm said...

A thoughtful post, we all need these tips !

I did comment to you about the blog award, and will promote your blog on mine soon. I have had a computer virus and have been offline, thus the slow response.
Again, thanks so much !

KayzKreationz said...

Black Feather farm, so sorry about your computer virus. Hopefully everything is better now. Glad the award helped brighten things up a little. I do enjoy reading your blog, since I love horses so much and really miss mine.

The Muse said...

Oh these are great!