There is so much to save for in life, from schooling,
a mortgage, holidays, vehicles, elderly care, the list goes on! Your home can
be one of the biggest drains on your finances, so it is important to take a
close look at what you’re spending, and on what, to see if you can make any
savings. Here, we run through some ideas on how to cut down on your monthly
home expenditure.
Most utility contracts last 6 months and it
is important to make sure that you don’t agree to any longer than this as it
allows you to re-negotiate what you’re paying, on a regular basis. It is
important to compare different companies and their energy deals, but make sure
you contact them directly when it comes to setting up your account as you will
have to cover a fee if you do it via a comparison site. It
is also possible to re-negotiate your rent when you renew your tenancy
agreement, if you have noticed changes in the market that could alter the value
of your home. Plus, you can re-negotiate your mortgage at various points to
free up some more money.
Smart
Home
Investing in smart home technology from a
company like Crestron can
really help you to make some savings. This technology is able to memorise your
preferences and therefore ensure that you are only using your utilities when
they are really needed. A smart thermostat will turn on and off and adjust
temperatures itself, and you can control it remotely so you can turn it on
before you get home, rather than leaving it on all day. Smart lights allow you
to dim them to save energy, and make sure they’re switched off when not in use
remotely. You can even use motion sensors to ensure this. This remote control
is great for making sure any electrical devices are switched off when not in
use, from one centralised point. Having total control over your energy usage
helps you use it more efficiently and will help you to save a lot on your
energy bills.
Usage
As well as installing smart technology in
your home, you could take action to cut down on your normal usage. For example,
getting more up to date appliances which are more energy efficient, for example
your boiler, and using your heating only when it is very cold, instead putting
on more layers. Investing in double glazing and draft-proofing can also help
with this. Cutting back on the amount of times you boil the kettle, use your
oven, and how long you spend in the shower are other effective techniques. Make
sure you completely shut down appliances rather than leaving them on standby, try
washing clothes on a lower temperature, and be more careful with your use of
water for example running a bowl of water to wash dishes in rather than using
running water.
Negotiate
Most utility contracts last 6 months and it
is important to make sure that you don’t agree to any longer than this as it
allows you to re-negotiate what you’re paying, on a regular basis. It is
important to compare different companies and their energy deals, but make sure
you contact them directly when it comes to setting up your account as you will
have to cover a fee if you do it via a comparison site. It
is also possible to re-negotiate your rent when you renew your tenancy
agreement, if you have noticed changes in the market that could alter the value
of your home. Plus, you can re-negotiate your mortgage at various points to
free up some more money.
It is important to pay close attention to
what you’re spending on your household bills, as if there is an opportunity to
cut these costs, it can make a big difference to your overall financial
security. For more money tips, take a look at reanaclaire.com.
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