10 Ways You Can Save Money At Home

Many people don’t realise the many ways in which they can save money at home. Savings can made in everything from renovations to cutting electrical bills, and can also be found in areas like doing your own DIY, changing your insurance policies, and recycling. Moreover, the value of your home can be adjusted and made to work for you via the use of personal loans, which can help you to build value and refinance mortgages. These approaches to saving money at home, and more, are expanded upon below:

1 – Make Home Renovations

Changes to kitchens and bathrooms can add significant value to your home, and can also save you money on your bills. Adding energy saving appliances to your kitchen can cut down to gas and electric bills, while converting bathrooms to include wet room areas can help to better insulate heat.

2 – Cut Electrical Bills

Switching off appliances overnight, rather than leaving them on standby, can generate significant electrical savings, and can prevent you from using more electricity than you need to.

3 – DIY

By taking a DIY course, and using manuals, it’s possible to save money on expensive fixes around the house. Be careful, though, to seek advice for any more serious wiring or plumbing jobs, as these should be left to a professional.

4 – Change Your Insurance Policy

If you’ve had the same home insurance policy for some time, you might want to consider switching to a new provider that can offer you a better rate, or that can be more comprehensive in what it covers around your home.

5 – Set Up a Home Study

If you work from home at least part of the time, you can try to claim business expenses against tax at the end of the year – expenses can be claimed on areas such as electricity and heating for an office, as well as a percentage of the cost of an Internet connection.

6 – Take Out a New Loan

You can produce long term savings by taking out a new loan to cover any home renovations – a fixed rate personal loan, spread over a set period, can help you to boost the equity in your property.

7 – Recycle Electrical Goods

Make some spare money, and declutter your home, by recycling your old mobile phones and electrical equipment – buyers generally want the precious metals contained within handsets and equipment.

8 – Change Your Cooking Habits

You can save money in the kitchen by both switching to energy saving appliances, and by using more energy efficient preparation methods such as slow cooking.

9 – Refinancing Mortgages

This can be a good idea if you want to benefit from the equity in your home, and if you’ve been paying into the same mortgage for some time. Compare rates, and see whether another lender can offer you a better rate for your property, while looking into whether you can receive cashback, or a new loan, on your equity.

10 – Monitor Your Energy Uses

Having water and electrical meters around the home can make it easier to control your spending, and can be particularly useful at identifying where surges in power usage are coming from. A water meter is particularly effective at avoiding you from suffering local water usage averages.

 

Author Bio: Liam Ohm writes about home improvement. He highly recommends Haart estate agents in Abington if you are looking for your next home or to sell up. In his spare time he enjoys travelling and networking.

 

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• Guidelines to Renovate Home in Different Ways (savealittlemoney.com)
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• 10 Ways To Increase The Value of Your Home (50plusfinance.com)
• Hazards That Relate to Finance and Mortgage (savealittlemoney.com)

Tags: Do it yourself, Home improvement, Home insurance, Insurance, Liam Ohm, Loan, Mortgage loan, Refinancing

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