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Everyone can make a few changes around the home. By making slight changes this can lead to big savings. Everyone wants to be debt free. Below are some tips to do around the home to reduce costs. Read on...
- Have an energy audit: Utility companies may offer an energy audit (some for free) where experts come in to assess how a home consumes energy and identifies areas for improvement. You could save up to 30 percent on monthly bills. It is worth a try
- Adjust your water heater: If you adust it to 10 degrees Fahrenheit, and you may be able to curb your heating costs by 3 percent to 5 percent. You can invest in a cover for your water heater, this can also keep the heat in and save an extra 4 % to 9 %.
Check your budget: Every so often, it's a good idea to track your purchasing history to see where your money is going. An easy way to do this is by using budget apps like Mint.com or BillGuard.com. Then, once you see where your money is going, you can make adjustments where necessary.
- Change out the light bulbs: Swapping out your current bulbs for low-energy ones can help reduce lighting costs. Most homes have minimum of 50 bulbs, by putting in low energy bulbs can potentially give $1,500 in savings per year.
- Washing clothes on the cold cycle: By using less hot water for laundry, you can save about $60 per year. Dryers account for 12 percent of energy in an average household, so line-drying clothes could save an extra $200 per year. If you do use the dryer, make sure you clean your vent, which can reduce energy costs by $9 to $12 per month.
- Get rid of cable: With the average cable bill being about $99.10, according to Liechtman Research Group, cable and other monthly expenses can really add up over time.
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