– Quick Ways to Save
Every year expenses creep up. We’re using more services, the cost of food and other goods continues to go up, and life is simply becoming more expensive. Most people don’t take the time to do a quick personal audit to see where they are paying more than they need to, or where expenses could be cut all together.
A quick 5 minute analysis can identify areas where huge savings could be found — so that more of your hard earned money stays in your pocket.
Read through each item on the list below to see just how much you could save this year…
Reduce Your Electric Bill Each Month
Next to the mortgage, heat and electric bills are often the homeowner’s biggest expense. Here are a few ways to slash electric bills with just a little bit of planning…
- Unplug Everything: Did you know that appliances and electronics continue sapping electricity as long as they’re plugged in, even when their switches are turned off? Making a habit of unplugging these items when they aren’t in use saves a lot of energy over time. This includes computers, TVs, the toaster, hair dryers and phone chargers.
- Use energy-efficient light bulbs: Replace all of your incandescent bulbs with compact fluorescent bulbs (CFLs) or LED bulbs. Incandescent bulbs release most of their energy through heat, rather than light. Newer bulb styles are much more energy efficient, and they save a lot of electricity and money over time.
- Use Smart Technology: How many times does the TV get left on with nobody watching it? Use timers and smart outlets to automatically turn off items at designated times or after a certain amount of time of inactivity. Smart thermostats can also make your home more energy efficient by automatically adjusting the temperature when you’re away.
These things may seem small, but small amounts of energy over time can create big bills! Often times electric bills are made up of a lot of unnecessary usage — and that’s money that could be better spent elsewhere (or put back in your pocket).
Throw an Aspirin in the Wash and Be Left Speechless
Only aspirin can compete with bleaches and the top stain removing agents.This amazing tip will save your white laundry (and there’s a bottle of expired, worthless aspirin somewhere around the house).
Here’s how to do it:
Start by dissolving (5) 300mg aspirin tablets in 2 gallons of hot water. Crush the pills beforehand to speed up the process. The next thing to do is soak your white laundry in the mixture, and leave it overnight. In the morning, place the clothes in the washing machine, add a few aspirin pills again, and wash them as usually.
Rent Out the Spare Room and Pocket an Extra $700+ a Month
This one can put extra cash in your pocket, just by maximizing unused space in the house.
It’s becoming increasingly common for homeowners to harness the earning potential of their property by renting out space to tenants or tourists. Rentership in the U.S. is near a 50-year high, according to the U.S. Census Bureau, with 35.6 percent of the population renting rather than owning a home as of the third quarter of 2018.
A large share of potential renters can make becoming a landlord attractive. Whether you have an English basement or a spare guest room, Airbnb has made short-term rentals fun and lucrative. On average, those who rent on Airbnb earn 4.5x more than if they were to rent to a tenant as a traditional landlord. That figure also accounts for a 30% vacancy rate, so there are things definitely attractive about this model.
To market on Airbnb, you’re required to report the additional income you receive. But that income can easily cover the mortgage and other expenses. There’s also the added benefit of being able to deduct any repairs and improvements made to that rental space!
P.S. Don’t’ want to rent out a bedroom, you could always rent out extra storage area or garage space!
Use Soda to Clean The Most Stubborn Areas of Your Home
Who knew one of the world’s most enjoyed drinks could be such a practical household staple? Coke is similar to an acidic cleaner. The quantity of acid in soda is sufficient to erode at the enamel of your teeth, making them more vulnerable to decay. So why buy those expensive cleaners when you can perfectly clean those stubborn stains with Coke. You can use it for a variety of household chores, such as…
- Remove grease stains from clothing and fabric
- Clean a toilet; pour around bowl, leave for a while, flush clean
- Clean tile grout; pour onto kitchen floor, leave for a few minutes, wipe up.
- Descale your kettle
- Remove marker stains from your carpet. Apply Coke, scrub and then clean with soapy water
- Clean your windows; soak a cloth with Coke and rub your window. Then simply wash the glass pane with water
Stock Up Your Fridge and Reduce Your Energy Bill
File this under strange-but-true: A full fridge regulates temperature better than an empty one. Open space in your refrigerator fills with warm air whenever you peek inside, making your poor appliance work overtime. Your grandparents’ fridges were smaller and easier to fill, so it wasn’t an issue for them. But today’s larger fridge/freezers can waste significant energy.
So go ahead, stock up on veggies, meat, and milk — just don’t let your grocery costs run too high in the process. If you can’t fill the fridge with usable food, place pitchers of water to take up the space. It’s recommended to set your fridge between 36 and 38 degrees Fahrenheit for max efficiency.
Get Government Rebates To Go Solar And Cut Your Energy Bill
Did you know you can significantly reduce your monthly electric bill and pay nothing for it? If you live in a qualified zip code you can get paid to go solar! Thanks to a little-known government program called Federal Residential Renewable Energy Tax Credit, homeowners who live in these specific zip codes are getting thousands in rebates to install solar panels.
Many people are surprised to find that these subsidies and rebates cover 99% of costs associated with installation so it can literally costs $0 to have done. Check if your zip code qualifies here.
Homeowners can save $1,000’s of dollars just by using this program.