Many home owners accidentally waste money on their homes year after year. However, there are many ways you can be savvy and cut back on your expenditure, which will boost your bank balance. Read the six money saving tips for your home.
Switch to a Water Meter
Do you want to save a substantial amount of money on your utility bills? Consider switching to a water meter. You can enjoy a free installation (not applicable to Scotland), and you will only pay for the water you use each month, rather than paying a fixed price each year. It is an ideal solution for homeowners who have more bedrooms than people within their home, as it could save them up to £125 annually.
Rent Your Stuff
Do you have a jet washer, BBQ or lawn mower sitting in a cupboard? Many people are willing to rent your belongings for an affordable price. Advertise the items for hire, as many people will want to rent an item for a small fee instead of paying full price for a new product. It is a great way to top up your bank balance, whilst helping a person in need. The money earned could therefore be used to pay for a bill, towards groceries or can be deposited directly into your savings account.
Install Double Glazing
Installing double glazing doesn’t have to be expensive. You simply need to browse the market to find the best installation companies at the best prices. In addition to creating a safer, more aesthetically-pleasing home, it can also provide some much-needed insulation in the winter months, which could shave a considerable amount of money off your energy bills year after year. Check out accurate local prices to make an informed decision.
Find a Good Tradesman
British people have spent an incredible £3.7 billion in the past five years to repair mistakes made by cowboy builders or decorators. Avoid joining the statistic by ensuring you hire a reputable tradesman by following up on their references, checking their qualifications and reviewing their paperwork. Also, you can visit the Trading Standards website to embark on a detailed auditing process, whilst looking for local recommendations for your renovation project.
Overpay on Your Mortgage
A high interest rate could result in a homeowner paying considerably more for their property than it is worth. To ensure you receive value for your money, you should consider overpaying on your mortgage each month, and you could be mortgage free in a matter of years. Talk to your mortgage provider to find out more.
Use an Energy Monitor
Do you know how much energy you are using on a daily, weekly or monthly basis? If not, use an energy monitor to identify the amount of energy you are using and when. For instance, you could save £35 or more a year by simply turning your TV off standby.
Do you have any money saving tips to share with our readers? Write a helpful tip below.
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