Monday, September 2, 2013, AM | Leave Comment
Given the weak state of the economy, many consumers and homeowners have been looking for ways to make their money go a little farther each month. Fortunately, there are a number of ways to save money in the long run. All it takes is some knowledge and discipline.
Just keeping accurate records of how you spend money each month can be very helpful in getting a sense of where your money is going. You may be surprised as you examine your records.
Good record keeping can help you spot waste and unnecessary expenses that you can cut out of your life. Making use of a good computer program can help you track spending and suggest areas in which you can save money.
Consumers and government have one thing in common; they spend too much without paying for it. Try borrowing only for things you need. It is also preferable to borrow for things that do not normally lose value, like homes. Make sure that if you or a spouse loses their job you are still able to make payments.
Save Money On Energy Usage
One of the biggest expenses for homeowners is their utility bill. Running a household eats up a good amount of energy but much of that energy is wasted.
One way to save energy is by properly insulating your home. Make sure your attic is adequately insulated and that doors and windows do not allow air to flow outside.
A good way to test for air leaks is to place a lit incense stick or extinguished candle near a door or window. The smoke pattern will reveal any leaks by changing the air current near the smoke. You can then put weather strips on doors and seal any cracks around windows.
Install Home Security
For many homeowners, purchasing a home security system means saving a significant amount of money on their insurance. “Wherever you may live, your home insurance policy bill can be lowered by installing a home security system,” said Jason Williams, a Denver home security system expert from www.vivint.com. Adding a security system to your home will also increase its resale value.
Taken together, these tips should give you significant savings to spend on things you need to improve your life. Maintaining your discipline, keeping records, and limiting unnecessary expenses will serve you and your family well throughout the course of your lives.Facebook.com/doable.finance