Regular exercise. Get another job. Pay more attention to the family. The new year always brings about new resolutions. How about promising to reduce expenses and save money?
If you're a homeowner, there are many ways you can cut costs and still live comfortably. Hereunder are some simple things that can be done to save money.
First, set a budget. Make a list of your household expenses for the month. 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.
Reduce your power bills. Power bills are one of the larger items in household expenses and if there are leakages in the insulation system, the power wastage will add up to a sizable amount. The power consumption of a typical home can be reduced by at least 10% by weather stripping door and window joints and caulking and sealing all openings and crevices.
Old and defective appliances like refrigerators with worn out door seals are energy guzzlers and should be replaced. Your light bulbs can make a difference, too. Use fluorescent lamps instead that consumes a quarter less energy.
Refinance. Shop around to see if you can replace your existing home loan with one that has a lower interest rate. Refinancing could mean interest savings from your reduced monthly installments.
Purchase a home warranty. Repairs and maintenance are often neglected in financial projections. The chance of an appliance or home system breakdown is estimated at 68% in a one year period. Replacing the appliance or home system will cost $1,085 on the average. A home warranty is your best defense against unexpected and costly repairs to your home's appliances and mechanical systems.
The American Home Shield Home Warranty, for example, ensures you get the best possible service through the company's network of pre-screened technicians. In the event, which is likely, that there is a breakdown in your home system or appliance, all you have to do is reach the phone and leave the problem to them. All operational systems and home appliances including the older models are included in the warranty coverage.
The American Home Shield Home Warranty is a one-year contract that requires no home inspection to enroll. There is a variety of standard policies that you can choose from so premium money should not be a problem.
If you're a homeowner, there are many ways you can cut costs and still live comfortably. Hereunder are some simple things that can be done to save money.
First, set a budget. Make a list of your household expenses for the month. 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.
Reduce your power bills. Power bills are one of the larger items in household expenses and if there are leakages in the insulation system, the power wastage will add up to a sizable amount. The power consumption of a typical home can be reduced by at least 10% by weather stripping door and window joints and caulking and sealing all openings and crevices.
Old and defective appliances like refrigerators with worn out door seals are energy guzzlers and should be replaced. Your light bulbs can make a difference, too. Use fluorescent lamps instead that consumes a quarter less energy.
Refinance. Shop around to see if you can replace your existing home loan with one that has a lower interest rate. Refinancing could mean interest savings from your reduced monthly installments.
Purchase a home warranty. Repairs and maintenance are often neglected in financial projections. The chance of an appliance or home system breakdown is estimated at 68% in a one year period. Replacing the appliance or home system will cost $1,085 on the average. A home warranty is your best defense against unexpected and costly repairs to your home's appliances and mechanical systems.
The American Home Shield Home Warranty, for example, ensures you get the best possible service through the company's network of pre-screened technicians. In the event, which is likely, that there is a breakdown in your home system or appliance, all you have to do is reach the phone and leave the problem to them. All operational systems and home appliances including the older models are included in the warranty coverage.
The American Home Shield Home Warranty is a one-year contract that requires no home inspection to enroll. There is a variety of standard policies that you can choose from so premium money should not be a problem.
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