It doesn’t have to be New Years for homeowners to make a resolution to be smarter about their money – especially when you’ve just invested in something as big as a new home. Here are some tips on how to cut costs throughout the year.
Home goods – Buy generic products whenever possible. Buy brand names for the stuff you care about, but go generic for everything else. Areas you may be able to save money on include: toiletries, food, certain clothes, and pet supplies.
Maintenance – Understand your home’s systems. Learn to do as many things yourself as possible. Many home maintenance jobs aren’t as intimidating as they seem. If you still feel unsure, take a class on basic plumbing, carpentry or electric.
Utilities – If you have a programmable thermostat, use it. Replace your air filters regularly so that your HVAC system runs most efficiently. Replace incandescent light bulbs with CFLs or LEDs. You won’t believe how much money you’ll save.
Entertainment – Cut cable. Try Netflix or another cable alternative if you’re tired of excessive channels or ridiculous bills.
Food – Use a slow cooker. Take out meals are convenient, but the costs build up quickly. Invest in a slow cooker and you could save thousands over a year.
Finally… Don’t miss sales! Know when the big sales are if you need to buy or replace mattresses, linens, appliances, etc. Most retail establishments have set schedules for when certain items go on sale.