Trying to cut down on household expenses is never an easy task. After all, these recurring monthly costs seem never ending. But it turns out that there are few simple changes that you can make that will save you a lot of money over a period of time. Here are five surprising ways to save money on household expenses:
Next to your mortgage, energy costs are one of your major monthly expenses. The average U.S. household spends about $325 on heating and cooling a month, and that is less than half of your total energy bill… of course this amount varies drastically by location, size of home and individual lifestyle.
It is understandable that families want to cut some of these costs, especially when money is tight. The following are just a few tips to help your family reduce their household bills.
Having a family can be expensive, especially for those with multiple children. The costs of rent or a mortgage, utilities, insurance, car payments, clothing for the whole family, fun activities and school-related expenses can quickly add up. To be able to put away money for your retirement, emergency situations and your children’s college funds, you need to find ways to save money. By finding creative ways to cut costs, you can help your family to be more financially stable over the long-term.
the fourth largest expense in your home is the monthly utility bills. The typical American family spends roughly 11% of their total budget on “Utilities and Other Household Operational Costs.” The only higher expenditures are for your mortgage or rent, taxes and transportation. You actually spend more for utilities than for food, or the total of (Social Security Contributions, Personal Insurance and Pensions), or Healthcare.
Fortunately, there are strategies you can employ that help to reduce the cost of your utilities and free up more of your income. Here are six tips that you can use today and save money in the months and years to come.
When it comes to reducing electricity use at home, most people think of buying energy efficient washing machines and refrigerators. While this is not a bad approach, it does not encompass all energy saving aspects. One way of keeping energy costs at home down is by teaching your children the importance of saving electricity. Some […]
Home Energy Savings With the current world economic situation as it is, it’s no surprise that energy costs have been dramatically fluctuating over the last few years. From being relatively stable to now rising and falling quite quickly, it can not only be hard to keep up, but also hard to estimate a reliable energy budget. For […]