Save Money With These Easy Tips

These days, it seems like everyone's looking for ways to cut costs and stretch their income further. Fortunately, there are some simple steps you can take to reduce your household expenses without making radical changes to your standard of living. When combined, these small adjustments can add up to significant savings each month.

Here are some things you can start doing today to lower your bills, secure better deals, and ease a little of your financial squeeze.

Refinance Your Mortgage - Despite the recent rate increases, for many borrowers, mortgage rates are still quite a bit lower than their current mortgage rate. There are fees and closing costs associated with refinancing, so you will need to speak with your lender to see if this is a good option for you.

Evaluate Your Insurance Policies - If it's been awhile since you priced home or auto insurance, it may be worthwhile to do some comparison shopping. Get quotes from at least three insurers or independent agents. Consider bundling your policies which usually result in a discount. Also, investigate whether raising your deductible id right for you. If so, it will lower your premium.

Bundle Cable, Phone, and Internet - Shop and find out who is offering the best deal on bundling in your area. Once done, ask your current provider if they will match the offer and save you the hassle of switching.

Adjust your Thermostat - Turning your thermostat up or down just a few degrees can have a noticeable impact on your monthly bill. To maximize your systems efficiency, change your filters regularly, and make sure your windows and door are well insulated.

Use Less Hot Water - After heating and cooling, hot water accounts for the second largest energy expense in most homes. To cut back, install low-flow fixtures, only run your dishwasher when it's full and wash clothes in cold water when possible.

Lower Water Consumption - Turn off your sink while you wash your hands or brush your teeth. Make sure your toilet fill isn't dripping retrofit it with a tank bank. Reduce the number of days you irrigate your lawn, and do so only in the evenings to minimize evaporation.

Conserve Electricity - Shut off your computer at night and install energy-efficient light bulbs. You can minimize standby power drain by utilizing power strips and unplugging idle appliances.

Outsource Less - From lawn care to minor home repairs, we pay people to do a lot of things we could do ourselves, like our parents and grandparents did. 

Prepare Your Own Meals - It costs nearly five times more to eat out or have take out than it does to cook it at home. Planning your meals in advance and cooking at home not only saves money, but it's healthier, reduces calorie consumption, and can offer some much needed family time.

Minimize Your Debt Payments - The best way to reduce a debt payment is to pay down the principal balance. If that's not an option, then with good credit, you may qualify for a balance transfer to a 0% or low interest rate credit card. This rate will expire after awhile, so it is a short term fix in most cases.

Review Memberships and Subscriptions - Are you paying for services or subscriptions you don't need? If so, suspend or cancel them.

Get a Cash Back Credit Card - If you regularly pay your credit card balance in full each month, a cash back card can be a good way to earn a little back each month. These usually come with high interest rate or fees if you carry a balance, so only use it on purchase that you would normally pay cash for.

Track Your Household Budget - One of the most effective ways to reduce household expenses is to create a budget and stick to it.

WE'RE HERE TO HELP

We are happy to provide insights and referrals to help you meet your goals. And if you have plans to buy or sell a home this year, we can discuss the steps you should be taking to prepare.

 

 

 

 

Work With Us

We go above and beyond to talk with you about your wants, needs, fears and whys. We will work tirelessly and share our innermost knowledge of the market and help you achieve all the goals you have set. We firmly believe that if you are not left with an amazing experience, we haven't done our job.

Contact Us