Shed that unwanted fat. Change employers. Spending more time with the family. People always make promises at the start of every new year. You might as well resolve to spend less and save more also.
A homeowner can save on household expenses without a change in his lifestyle. The following tips will help lead you to financial success.
Prepare a workable budget. Figure out exactly how much you spend on the upkeep of your home. Look back a couple of months, get the total figure and average the monthly expenses for each item. See if there is room for cutting down the respective expenses. Thereafter, follow your adjusted budget for every month.
Save energy. You might be losing a substantial amount of energy dollars during the winter and summer because of air leaks. There can be as much as 10% savings in energy expenses if the gaps or crevices in the house are sealed to prevent the passage of heat and air.
Other causes of excessive power consumptions are inefficient appliances. Take a look at the light bulbs that you are using. You can replace the light bulbs with fluorescent lamps that consume 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.
Get a home warranty policy. Most of the time, a homeowner do not provide for contingency funds for home maintenance. Statistically, the possibility of home system or appliance failure is 68% in one year. The average replacement cost of one of these systems or appliances is $1,085. You might end up saving money if you purchase a home warranty compared to your probable repairs and maintenance expenses.
A home warranty, say from the American Home Shield Home Warranty, will benefit you two ways – probable savings, and not shouldering the burden of repairs. The minute something breaks down, you can contact American Home Shield and a local service technician will schedule an appointment that fits your schedule. The warranty that they offer will include most if not all of the appliances and home system in a typical American home.
The American Home Shield Home Warranty offers a term of one year without prior inspection. Several affordable plans are available to fit every budget.
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