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7 Ways to Easily Lower Your Home Expenses

Posted by  On September 27, 2021
Ways to easily lower your home expenses

Everyone likes to save money, and homeowners are no exception. Owning and maintaining a house can be expensive, so it’s important to save money when and where you can. One way to do this is to lower your home expenses.

We’ll explain several different home improvements you can easily make to lower the cost of owning and maintaining a home:

  • Keep your fridge and freezer full.
  • Install a programmable thermostat.
  • Decrease the temperature of your hot water tank.
  • Find a way to dry your clothes without your dryer.
  • Install energy-efficient light bulbs.
  • Put together a charging station.

Another way you can save money on your home is to lower home insurance premiums – we’ll provide tips on that too! At Archway Insurance, we’re here to help you get the home insurance you need at a price you can afford.

1. Keep your fridge and freezer full

It may seem counter-intuitive, but it’s more energy efficient to have a full fridge and freezer than it is to have an empty one. When you open your fridge or your freezer, some cold air escapes, warming up the temperature inside.

A filled fridge or freezer retains the cold better than a nearly empty one, quickly helping the temperature go back down. If you don’t have a full fridge or freezer, you can fill empty bottles with water to use up space. You now have ready-to-go ice packs or cold water too!

2. Install a programmable thermostat

A programmable thermostat is a great way to save money on your home’s energy costs. With a programmable thermostat, you don’t have to remember to turn the furnace or air conditioning down when you leave or go to bed.

Programmable thermostats come in a range of prices, so shop around to find one that fits your budget. Some models will even let you control the thermostat from your phone. If an occasion arises that you do need to override the set temperature, you can do so easily with the touch of a button.

3. Reduce the temperature of your hot water tank

This is a tip to save on home expenses that you may not have thought of! You can turn down the temperature on your hot water tank to save money and energy. The ideal temperature should be between 55 and 60 degrees Celsius (130 and 140 degrees Fahrenheit).

Ensure that you take all the proper safety precautions before trying to lower the temperature on your hot water tank.

4. Find a way to dry your clothes without using your dryer

Dryers are a fantastic modern convenience – after all, who wants to have to manually hang up every piece of clothing, especially if they’re doing multiple loads of laundry? But buying a drying rack or hanging up a clothesline in your basement can help save you money on drying your clothes.

Pick heavy and easy-to-move items like towels, pants and shorts to air-dry. This will lighten your dryer load and cut down on your energy use.

5. Install energy-efficient light bulbs

Another easy way to save money around the home with minimal effort is to swap out incandescent light bulbs with bulbs that use less energy, like CFL or LED bulbs. CFL and LED bulbs have dropped in price over the years and pay for themselves in the long run by lasting longer and using less energy.

If you’re concerned about costs, you can always wait until you find CFL or LED bulbs on sale. Start small while you’re waiting, and make sure you and everyone else remember to turn off lights that aren’t in use.

6. Put together a charging station

You can use a power bar to make for an energy-efficient and easy way for your family to charge up their devices all in one place. You can turn the power bar off while it’s not in use – for example, while everyone is using their devices during the day. This means your power bar is not drawing energy while no one is using it.

At night, you just turn your power bar back on again. Another way this benefits everyone is that they also know where their chargers are and aren’t hunting for them.

7. Save money on your home insurance

An additional way to lower your home expenses is by saving money on your home insurance. You can save money on your home insurance by:

  • Bundling your home and auto insurance together.
  • Having a home alarm system.
  • Paying your home insurance premiums annually.
  • Having the right amount of home insurance coverage.
  • Shopping for the best home insurance rates.

It may be tempting to skip home insurance to save money, but this is a bad idea! Home insurance is affordable and a great safeguard against the expenses which could run into hundreds of thousands of dollars if your home is destroyed by fire or someone sues you because they are injured on your property.

How can Archway Insurance help me with home insurance?

Having home insurance guarantees that you won’t lose your home after a major disaster or an accident. With home insurance, you get coverage for:

  • Replacing or rebuilding your home and outbuildings.
  • Replacing lost or damaged belongs.
  • Personal liability coverage.
  • Additional living expenses if you need to move out while repairs are being done.

We’ll shop around and tailor your home insurance coverage to make sure you get comprehensive home insurance that fits your budget and lifestyle.

Take the Time to Lower Your Home Expenses

There are many simple and easy ways to lower your home expenses, like using a dryer rack, installing a programmable thermostat or lowering the temperature on your hot water tank. Another way to do this is to get home insurance from a broker like Archway Insurance. We’ll shop around to get you comprehensive home insurance at an affordable price.

Contact Us About Home Insurance

Give us a call at 1-833-536-0529 or contact us online if you’d like to learn more about how we can help you save on home insurance. We’re here for all your insurance needs in New Brunswick, Nova Scotia, and PEI!

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