12 Small Ways to Stop Wasting Money Around The House

Steve Cummings

Do you constantly wonder where your money goes each month? You're not alone. Many of us find that our hard-earned cash seems to vanish, often on small things around the house we don't even notice.

But don't worry, there's a solution! In this blog, we will share 12 small changes you can make in your daily routine that could lead to big savings.

These are simple, easy-to-follow tips that anyone can implement. So why wait? Let's dive in and start saving today!

1. Install a Programmable Thermostat

thermostat
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A programmable thermostat allows you to automate your home's heating and cooling systems. You can preset temperatures for different times of the day, ensuring comfort when you're home and energy saving when you're away.

This device is especially useful for maintaining a steady temperature during sleep hours or workdays, eliminating the need to manually adjust settings.

By optimizing energy use, a programmable thermostat can significantly reduce your utility bills, with potential savings of up to 10% per year on heating and cooling costs.

2. Check Plumbing for Leaks

DIY repairs
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Regularly checking your plumbing for leaks is crucial. Even minor leaks can result in significant water waste and costly bills over time. Leaks can also lead to structural damage, including mold and mildew growth, which are harmful to health.

Inspecting faucets, showerheads, toilets, and pipes for signs of leaks, like dripping water or damp spots, should be part of your home maintenance routine. Professional plumbers can provide thorough inspections.

Promptly addressing leaks preserves the integrity of your home, saves water, and reduces expenses.

3. Install a Timer on the Hot Water Heater

hot water heater
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Installing a timer on your hot water heater can improve energy efficiency. It allows you to control when the heater operates, reducing unnecessary energy consumption during inactive periods.

For instance, you can set it to heat water just before peak usage times (morning or evening) and turn it off when you're asleep or away, leading to significant energy savings.

4. Switch to LED Lights

LED light bulbs
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Switching to LED lights is a cost-effective and environmentally friendly choice. LEDs consume significantly less energy than traditional incandescent bulbs, leading to lower electricity bills.

They also last up to 25 times longer, reducing the frequency of replacements.

The quality of light they produce is excellent, with a wide range of color temperatures available. Furthermore, LEDs don't contain mercury, making them safer to use and dispose of.

5. Unplug Your Electronics When They are Not in Use

How To Save Money on Electric Bills

One of the old-school ways to save money around the house is to unplug electronics when they are not in use.

This is especially important for devices and appliances with digital displays such as TVs, microwaves, coffee makers, and cell phone chargers. Although they may appear turned off, these items can still draw a small amount of power if left plugged in.

Believe it or not – you can save up to 10% on electricity bills by unplugging devices when they're not actively being used.

6. DIY Cleaning Supplies

Woman cleaning with rags
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Creating your own DIY cleaning supplies is a cost-effective and eco-friendly alternative to commercial products. Homemade cleaners often use natural, non-toxic ingredients like vinegar, baking soda, and essential oils, which are safe for your family and the environment.

They're versatile, effective against germs and dirt, and can be customized to suit your preferences.

Moreover, they reduce plastic waste as you can reuse containers. By making your own cleaning supplies, you gain control over what goes into your products while saving money.

7. Grow Your Own Produce

beautiful girl with long blond hair in jeans and utility apron picks fresh cucumbers in greenhouse in her own vegetable garden. Green plant bushes, rich harvest, good care
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If you are passionate about gardening, then you can save money by growing your own vegetables and fruits rather than buying them from the store.

You can easily grow tomatoes, potatoes, peppers, beans, and other common produce in your backyard or balcony. Even if you don't have enough space for a large garden, you can try vertical gardening with hanging pots or planters.

8. Inspect Windows and Doorways for Air Leaks

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One of the most common issues of every household is air leakage. Even small gaps around windows and doors can cause a significant amount of energy loss, leading to increased bills.

Check your home for air leaks annually or before the start of winter to ensure all gaps are sealed properly. Installing weather stripping on doorways and caulking around windows can help reduce energy waste and save money on heating costs.

9. Update Your Subscriptions

Netflix
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Do you have any subscriptions that you rarely use or have forgotten about? If yes, then it's time to review and update them.

Cancel unused subscriptions or switch to a cheaper plan if possible. You can also trade in your cable TV for streaming services with lower fees. This also includes gym memberships, shopping mall loyalty programs, and other convenient services.

You can make significant savings by subscription updates.

10. Save on Utility Costs

fewer showers
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Reducing utility costs can be achieved through various energy and water-saving measures. These include using energy-efficient appliances, insulating your home, and using programmable thermostats.

Switch to LED lights and build habits like turning off unused lights and unplugging idle electronics. For water conservation, fix leaks promptly, install low-flow fixtures, and use rainwater for gardening.

These steps not only reduce your monthly bills but also help protect the environment by lowering energy consumption and reducing your carbon footprint.

11. Lower the Thermostat

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A simple yet powerful way to reduce home energy costs is to lower the thermostat. Turning down the temperature just a few degrees can make a big difference in your bills.

For example, reducing the temperature by 1°C for 8 hours per day could save you up to 10% on annual heating costs. However, it's important to find a comfortable balance between staying warm and conserving energy.

12. Make Use of Public Transport

People using local train
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It's not a secret that gas prices are extremely high these days. To save money on transportation expenses, make use of public transport options like buses and trains whenever possible.

Public transport services are very convenient and reliable, often offering discounted rates for students and seniors. You can also get monthly passes at discounted rates, which is a great way to save money while commuting.

Small Changes Help With Savings

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Saving money starts with making small changes to your lifestyle. These money-saving tips are easy to implement and can help you reduce expenses without sacrificing comfort. So take a step forward and start saving today! Remember, no matter how small the savings are, every little bit helps. With determination and dedication, you can achieve your financial goals in no time. Good luck!

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top income-producing assets
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