Here are some suggestions for saving money on your HOME:
Tip #1: Cut out cable. Nearly 40 million people still pay for cable each month, according to StatisticBrain. By cutting ties with Dish or Comcast, you could save nearly $800 a year, according to the most recent cable-cost survey figures from the Federal Communications Commission. Replace your favorite channels with a less expensive alternative like Hulu or Netflix or my favorite, feeln.com. You’ll save a bundle!
Tip #2: Do a YouTube reno. Before we had the Internet, we had no choice but to call the tile guy to complete a home renovation project. Now we can watch a few YouTube videos instead of paying $5–10 per square foot to have someone else install it. My husband has spent a few minutes on youtube before NUMEROUS home projects, and they turn out GREAT! He just re-did our hardwood floors and painted the living room and hall for a savings of several thousand dollars!
Tip #3: Get some ideas from Pinterest, or just Google what you need. So we all like to talk about our biggest Pinterest FAIL, but we've probably all gotten some really aMaZiNg ideas from Pinterest that actually worked as well. Just this week I got ideas from Pinterest for creating my gallery wall instead of having to hire an interior decorator to come in. I also googled 'cleaning artificial plants' and found a great recipe for a homemade concoction to rejuvenate my house plants.
Tip #4. Barter for repairs. Some home improvement projects and repairs are better left to the professionals. So if you have a friend who is an electrician and usually charges $100 per hour, trade your skills for theirs. What is your specialty? Do build websites or take family photos? Can you do taxes or financial planning? Find something they need that you are good at and do a little old-school bartering. Everyone wins.
Tip #5. Update your insurance. When was the last time you checked on your insurance rates. Did you know that because of the highly competitive nature of the insurance industry the best rates for any given situation can change with every insured incident, change in material circumstance, or even just over time. With a 10-15 minute phone call you can get quotes from 20-25 of the top-rated insurance companies to see which one has the lowest rates for your situation. Email us at team.logan.utah@gmail.com to get the details on how to connect with the largest comparative platform for home and auto insurance.
Tip #6. Downsize your house. Does it make sense for you to downsize? There are many reasons that could lead to a choice to downsize. Is your mortgage is eating up a huge chunk of your income? Have your kids recently moved out and you don't need as much space anymore? Has your circumstance changed to where you just don’t need a place in the center of the action anymore, or as close to a certain area of town, like your work?. If so, it could make sense to sell while the market is hot. Depending on where you are in your mortgage you may even end up with enough to pay cash for your next house and ditch the mortgage altogether! That could save you thousands of dollars a year!
Your home should be a safe haven and a blessing to you and your family. If it's draining the budget it's hard to enjoy. Use these helpful tips to free up more money for what matters to you and send your ideas for saving money to team.logan.utah@gmail.com so we can share your wealth of experience!
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