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How to Save Money at Home

Posted by in Home: Personal Finance  ~  March 14, 2012 10:17:42 AM

There are plenty of ways to save money, but only a few realize that there are a couple of easy things that can be done at home that can certainly bring back extra cash to one’s income. Here are some easy ways to cut back on expenses without being too much of a burden:

The most practical way to save more energy is to switch off appliances when they are not in use. There are a lot of people who don’t do this simply because they are too lazy to shut down their computers after using, or switch off the lights when leaving the room. Most appliances take up at least seventy five percent of total electricity consumed per household even if they are not in use. This is because they are still running on electricity especially when put in standby mode. Excluding monitors, most desktop computers run on 50-250 watts a day, whether it is being used or not. If it is switched off and limited to at least five hours a day for use, savings can amount to nearly a hundred dollars per year.

It also helps to replace incandescent or filament light bulbs for power saving or compact fluorescent ones that are readily available at most hardware stores. While the latter actually costs more, it promises more savings in electricity bills in the long run. When shopping for light bulbs, always remember to check the kilowatt ratings or the power consumption of each as the less power it consumes the more safe it is for you and the environment.

Another way to save money is to bills online. Most, if not all, utility companies have made service payment easier for customers. They no longer have to trek all the way to the main city to queue for long periods of time just to pay a measly bill—some can do all the work online while there payment centers are conveniently dispersed in more locations. One can save money when opting to do transactions online because he or she does not need to leave the house, hence, lessening transportation expenses such as gas and parking. Another bonus is that this saving tip is also environmentally friendly—by not using cars, this curbs carbon emission and furthermore, online transactions cut down use of paper—printing of bills, receipts, etc.

The most common but not least sensible idea is to reuse and recycle. Instead of buying paper or plastic lunch bags for kids’ packed lunch, use Tupperware or plastic containers from takeaway dinners. Most of them won’t probably be as sturdy as store-bought ones, but it would bring a few dollars in savings and good for the environment too. The same goes with bringing your own reusable shopping bags. Most supermarkets now charge a bit of extra for every bag used, so save a few cents while being mindful towards Mother Nature too.

The key to saving more at home is to be more mindful of how the household is run. What takes a few minutes of effort might end up as a handsome amount of savings after a year.