Tips for saving money at home
With a little common sense, saving money on things like home repairs and electricity is easy. Remember, small lifestyle changes can make a big financial difference.
We asked some savvy consumers to share their tips for saving money around the house.
- Instead of dry cleaning, I use Dryell for the dryer which does an excellent job cleaning my suits and fancy label tops. -Tamara, Wauchula
- Wash your clothes in warm or cold water instead of hot water. -Jeffrey, University Place
- If you paying Primary Mortgage Insurance (PMI), check to make sure it is still necessary. Once you have 20% or equity or more in your home, you may able to cancel the PMI. -Kim, Denver
- Replace your regular light bulbs with compact florescent bulbs. -Sean, Tomball
- Buy clothes that don't require dry cleaning. The true cost of wardrobe ownership can be staggering. -Roy, Boston
- If you have a dog, and you buy stuffed toys, stitch them up after Fido rips them apart. Your four-legged friend will never know the difference. -Chris, Sugar Land
- Unplug what isn't being used (like a toaster), turn off the computer monitor instead of leaving it on standby, shut off a light if you aren't in the room. These small changes add up & can help cut back your electric bill (plus you help the environment too!) -Erin, Lowell
- Maintain your house. Doing the little things along the way is much better than facing major repairs down the road. -Charlie, Dallas
- When appropriate, try to fix it yourself. I've managed to fix some things after a quick online search saving. The key? Knowing when to call an expert! -Walt, Washington
- I'm not sure if this has a significant effect or not, but I don't let my dishwasher dry my dishes. I just dry them as I put them away and assume it's saving me a little bit each time. -Wendy, Dallas
- Clean your own carpets. You can rent a rug doctor cheap. -Barb, Memphis
- I cut back on cable although because I can't justify watching TV with two jobs so I watch local channels with my new digital converter box when I do get the chance to watch my favorite sports or dramas. -Tamara, Wauchula
- Don't touch the thermostat. Reminds me of that commercial, 'set it and forget it!' assuming you have a programmable model. -Martha, Charlotte
- Water your yard in the evening or in the morning – these are the coolest times of the day and the water won't evaporate. -Andrea, Dallas
- Don't let the water run while brushing your teeth; take shorter showers. -Sharon, Richmond
Do you have a tip to share? Please share it by leaving a comment
Money Management International (MMI), a HUD-certified housing counseling agency, is celebrating National Homeownership Month throughout June by providing potential and existing homeowners with valuable tips and tools.