Owning a home isn’t cheap to begin with, but when you are throwing money away in areas where you don’t need to, you’re just throwing good money out the door. It’s time to evaluate the things you have, the things you use, and the money you are spending on those things.
Do you have a budget written up? If so, take some time to look at it and see where you can make some changes to save some money. If you don’t have a budget written up, maybe it’s time to do that. Do you have more money going out than you have coming in, like many families? Here are a few areas in which you can make changes that will save you some money:
Stop wasting money on home improvements, and start saving by doing what you can on your own instead of paying other people to do it. While an issue with your electricity isn’t wise to fix on your own, minor plumbing problems and painting are simple fixes and can be done far cheaper on your own.
You may need to put some time and effort in, but it will be worth it with the money saved. The most important thing to do is to weigh the pros and cons of doing it yourself. Look at the risk involved and how much extra you’ll have to pay if you can’t fix it on your own successfully.
You want you house to look nice and inviting, but $100 throw pillows are a bit much unless you’re a billionaire with money to toss around. Shop clearance and big box stores to get great prices on your home decor items, instead of more expensive mall stores.
You can also DIY some of your home decor, such as the items you hang on the wall. Create pillows and blankets with your old clothing, rather than tossing it into a land fill. This way you are turning something else you spent money on into something useful after it’s lost it’s usefulness and not spending more.
You can make your yard look nice without elaborate landscaping. Hiring professionals can be costly, and even hiring out lawn mowing services can add up. For example, the average lawn mowing price in Little Rock is $49.90 per mow, which adds up to almost $200 per month if you need your lawn mowed weekly. These costs can easily add up quick. You can purchase your own landscaping supplies at discounted prices at the end of the season and do it yourself the next year!When all else fails, you can buy a brand new lawnmower, but look for discounts! Look for sales early or late in the season when home improvement stores either want to make room for fresh inventory (early spring), or different inventory (fall). Also, make sure to purchase the right lawn mower for your yard.
You don’t need to buy a new lawnmower at retail prices when you have a number of options to buy an almost-new mower locally. However, make sure you try out the mower before handing over the cash. Check things like the blade condition, wheel mounts (from my own experience), signs of rust, spark plug, and oil (if it has a dipstick). You don’t want to get stuck with a lemon, but lawnmowers are forgiving and can be fixed relatively easily and inexpensively.
There are plenty of areas in which you can save on entertainment costs. Save money by renting movies and watching them at home, instead of going to the theater. Wait to purchase new technology until it’s been out for awhile and then drops in price.
You can also save money on your internet and television services by opting for a bundled package. Here is one way you can really save money on what you watch by finding the best packages for the types of TV shows and movies you are interested in.
You may be spending and wasting a lot of money when it comes to your groceries. You don’t have to waste food and money. One way to start saving is to plan out your menu ahead of time, so you only purchase items you are going to use right away and end up with less spoilage.
You should also clip coupons and shop sale ads as often as possible, which can really cut down on your grocery bill each month.
There are many ways to cut back on your monthly bills. In the beginning, start putting away the money you save each month. You may be surprised at how much you end up with. Maybe you’ll want to keep saving it and use it for a well-deserved vacation each year!