How to Cut Costs at Home


Keeping the light on in a room. Leaving the water running for too long. These are just some of the many things we may do out of habit without realizing their impact on our monthly bills. Here are some quick tips and ideas to help you save around your home.

Save Your Electricity

  • When you leave the room, remember to shut off your lights.
  • Consider installing LED light bulbs. They’re four times more energy efficient than incandescent bulbs and last longer. Replacing just five light bulbs in your home could save you about $40 a year on your electric bill.
  • Always unplug all of your electrical devices if you aren’t using them. Electronics will consistently draw a small amount of electricity; this can add up quickly if you have a lot of devices.
  • Try to reduce or eliminate your cable bill. With all the new streaming technology to watch your favorite shows, it’s possible to reduce your bill to only basic cable. Call your cable provider to negotiate a new plan. Or if you’re really serious, you can eliminate your cable bill all together and save money on your bill and your electricity at the same time.

Don’t Waste Water

  • Have a leaky faucet? Get that fixed! 60 drips in a minute will waste about 6,428 gallons of water per year, according to the U.S. Geological Survey.
  • A 15 minute shower daily roughly costs about $300 a year. Cutting that time by a third will save you about $100 annually.
  • Lower the temperature on your hot water heater; it accounts for about 14% of energy costs. Often, the water is kept hotter than you need.

Keep Your Home Energy Efficient

  • Lower your thermostat in the winter when you’re sleeping. For each temperature degree that you drop, you’re cutting your heating bill by almost 3%.
  • Install a programmable thermostat, like a Nest. It allows you to change the heating and cooling of your home and set a schedule, all from your phone when you’re not even at your house! This will save your energy when not using it.
  • Air sealing your home can help to prevent drafts, which can be common in older homes.  You could be losing your cool air in the summer and your warm air in winter, both of which will increase your utility bills. Make sure to check your doors and windows!
  • Clean and change your furnace air filters and air conditioning filters. This will help your appliances run more efficiently, and help you cut your costs for energy.

If you’re looking for additional ways to save not just around the house, but on your housing payment, maybe it’s time to revisit your mortgage. Reach out to one of our loan advisors to discuss options for lowering your payment.

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