In the current economic climate, many households are trying to save money. Your home is probably one of your biggest expenses – so it could help to devise a saving strategy for your home.
If you’re counting the pennies, take note of these simple tips:
To help the environment as well as helping your wallet, it’s time to get energy aware!
- Switch to direct debit and paperless billing. Organizations are getting greener and more waste conscious so many will reward you with money off by switching to direct debit or paperless bills. It’s less effort for them too.
- Turn your thermostat down. By reducing your thermostat by only 1 degree you could cut your bills by 10%.
- Insulating cavity walls reduces heat loss and could save you around $110 a year on your fuel bills. By insulating your house properly, you can save some money while reducing your home’s Co2 emissions (the biggest cause of climate change).
- Switch to energy saving light bulbs – better for the environment and your finances.
Home insurance can be costly, but scrimping or going without cover could cost you heavily further down the line. There are ways to make savings and find the right protection at the right price.
- Shop around and get a number of different home insurance quotes. Remember to compare home insurance quotes on a like-for-like basis, a very cheap quote may look attractive but it may not offer all the cover options you require.
- By increasing the amount you would pay in the event of a claim (the excess) your home insurance premium should reduce.
- By investing in extra security, such as a burglar alarm or better quality locks, you could see your premium fall. By boosting security on your home, insurance companies may see your property as less of a risk.
Cut back where you can:
Running a household can be a tough job and can be expensive. Being frugal and making small savings everyday can make an impact.
- Stick to the list! Supermarkets are designed to be attractive and make you spend more, so always go shopping armed with your shopping list. Write out what you need before you head out and check your cupboards and fridge to make sure you’re not buying double. If you stick to the list, you should only buy what you really need.
- With high gas and diesel prices, driving can be a huge drain on your budget. If possible, try walking or cycling to work. Even if it’s just a few times a week, it can help save money and help keep you fit.
- Cable TV can cost a lot per year, but many shows are available to watch for free online and are widely available to buy as box sets. If your TV package is costing you a small fortune, it may be worth experimenting with other viewing options.