Losing weight. Finding a new job. Spending more time with the family. These are just a few or out yearly goals, and saving money should also be one of them.
These days, it is much easier than ever, for homeowners to cut costs and still live comfortably. These are just a few tips that will help you to keep more money in your pocket.
* Set a budget. Knowing exactly how much you spend on maintaining of your home is paramount. 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 easily 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.
* Refinance. Home loan interest rates are at historical lows now, so shop around to see if you can replace your existing home loan with one that has a lower rate. You can easily save hundreds of dollars each month by refinancing your home.
* Purchase a home warranty. Most homeowners don't account for possible repairs in their annual budget. There is a 68 percent likelihood of a home system or appliance failure in a given year. The average replacement cost of one of these systems or appliances is $1,085. A home warranty is your best defense against unexpected and costly repairs to your home's appliances and mechanical systems.
These tips are a starting point to future savings and we will be providing more tip on how you may achieve even bigger savings all throughout the year.