20 Ways To Stretch Your Household Budget

Real Estate

These days, it seems like everyone's looking for ways to cut costs and stretch thie income further.  Below is food for thought:

1.  Refinance Your Mortgage For prime borrowers, mortgage rates are at or near historic lows.  Refinancing could save you a sizable amount on your monthly payments.  

apply for home financing online: https://flavioberny.zipforhome.com/  

2.  Evaluate Your Insurance Policies  Get quotes from at least three insurers.  Try bundling your policies to see if there is a discount.  Inquire about raising your deductible to lower your premium.

3.  Bundle Cable, Phone, and Internet  Shop around to see who will give you the best deal.  If switching is too much of a hassle, ask your current provider to match or beat their competitor's offer.

4.  Better Yet, Cut The Cable Cord  An antenna should give you access to the major stations and many of your favorite shows are probably available on-demand through a less expensive streaming service.

5.  Revisit Your Wireless Plan  Consider switching to a low-cost carrier.  If that is not feasible, ask your current provider for a better deal or consider downgrading to a cheaper plan.

6.  Adjust Your Thermostat  Turning your thermostat up or down can have a noticeable impact on your heating and cooling costs.  You can also change your filters regularly (put on your calendar) and make sure your windows and doors are will insulated.

7.  Use Less Hot Water  Hot water is the second largest energy expense in most homes.  To cut back, repair any leaks or dripping faucets, install low-flow fixtures, only rund your dishwasher when full, and wash clothes in cold water when possible.

8.  Lower Overall Water Consumption  To decrease water usage, take shorter showers, and turn off the sink while you brush your teeth and wash your hands.  Irrigate your lawn in the morning or evening to minimize evaporation.

9.  Conserve Electricity  Shut off your computer at night and install energy-efficient LED light bulbs.

10.  Purchase A Home Warranty  While there is an upfront costs, this can provide some protection and peace of mind for unexpected home repair costs.

11.  Outsource Less  Try own lawn care, grocery shopping and minor home repairs to save money.  Or cut back on frequency of these services.

12.  Prepare Own Meals  Home cooking doesn't just save money, it is healthier, cuts down on calorie consumption, and can offer a fun activity for families to do together.

13.  Plan Your Menu In Advance  Meal planning is deciding before you shop what you and your family will eat.  It can help lower your overall food bill, eliminate waste and minimize impulse purchases.

14.  Plant A Garden  Gardening can be a rewarding and enjoyable (not to mention delicious) hobby for the whole family.  And it could save you money.

15.  Review Memberships and Subscriptions  Determine if there are any you no longer want, need, or utilize.

16.  Give Homemade Gifts  Who wouldn't appreciate a scratch birthday cake or tin of cookies?  Show your recipient how much you care with a homemade gift from the heart.

17.  Minimize Your Debt Payments  Pay down the balance, negotiate a better interest rate on credit cards.

18.  Get A Cash-Back Credit Card  This is especially good if you pay your credit card balance in full every month.

19.  Ask For Deals And Discounts  It may feel awkward at first, but becoming a master haggler can save you a lot of money.  Inquire about promotions and incentives.  Check for price match (beat) options.  And if and item is slightly defective or nearing expiration date, ask for a discount.

20.  Track Your Household Budget  One of the most effective ways to reduce household expenses is to set a budget and stick to it.  By setting reasonable limits, you'll be able to reach your financial goals faster.

I am here to help   I would love to help you meet your goals.  Thinking of refinancing, buying or selling your home and want to assess if it makes sense?  We can discuss the steps you should be taking to financially prepare.  Contact me today.  909-234-2971 Mobile  FlavioBerny@Verizon.net