Are you losing money at home? The majority of family households are paying more than they should be. It can be time consuming and complicated to look at all of your outgoings and check if you could be making any savings, but it’s certainly worth doing. Here are some tips on how to save.
Re-Mortgage
If you’re still with the same mortgage company that you bought your house with, you may get a better deal elsewhere. Many mortgage companies offer a fixed term contract to first-time home buyers, but after the initial period is up, many homeowners don’t bother to find out if they could get a better deal with another company. Staying loyal to a lender won’t always mean you get rewarded. Take a look at what else is on offer and you could save yourself a significant amount every month.
Make the Most of the Sales
There are peak times for everything. If you buy Christmas decorations halfway through December you’re going to be charged peak prices. If you wait until June to buy your decorations you’re going to get a whopping discount. The same goes for any other kind of product. If you know you’re going to need a new washing machine soon, wait until the stores offer a discount or put on a sale. You can save a lot of money by buying out of season products.
Energy Efficiency
Making your home energy efficient could save you a lot of money. Make sure your home is insulated so you don’t lose heat when you need it and make the most of any offers from your energy provider. You may get the power to choose electric rates, which means you’ll know exactly how much you’re paying each month, rather than risking huge bills during the Winter. You can also download energy apps which allow you to control your home energy from your phone.
Subscriptions
If you go through your monthly bills, there’s probably at least one subscription to something. Whether it’s TV, magazines, music or more, you need to weigh up whether they’re still worth paying. Do you use your subscriptions as much as you did when you signed up? It’s easy not to think about these things because they’re often small payments in comparison with everything else, but a few small payments add up. If you don’t need it, get rid of it.
Use What’s in the Cupboard
All too often we’re guilty of shopping for food we already have in the home. You may go out and buy two tins of baked beans when you already have three tins at home. We tend to stuff our cupboards full and then throw out what we didn’t use in a few months’ time. Before you go shopping, go through your cupboards and look at what you already have and what it could be used for when considering weekly meals. If you use what’s there instead of buying more, you could save yourself a small fortune.