
Life can be a challenge. Every day more and more people slip farther down a slippery financial slope. But some are calmly maneuvering the financial minefield that litters our modern age. How do they do it? One big way is by watching the little things. Little things add up to big things, so by keeping an eye on small costs around the house they rack up big savings. Here are a few basic household tips to get you started.
#1 Rent (or own) the smallest place you can handle.
Why small? Less area equals less you have to pay in either rent or house payments. One room can raise rent $50-$100 or more a month depending upon location, and can increase the cost of a home purchase by several thousand dollars. Not only this, but you will have to heat and cool this extra space as well, which will increase your living expenses exponentially. Then consider the fact that you will have to fill the room with furniture and other items, and clean and maintain everything in that room. So less space=less time and money to rent/purchase, fill and care for. Also a smaller yard will mean less to care for and maintain. On another note, less room to fill up with junk if you're a clutterbug!
Another thing to consider is whether a nearby area costs less to live in. If you have a house that cost $150,000 and can rent a home for $250.00 a month1 , you could sell that house and pocket the difference, instantly having a nice nest egg drawing interest for emergencies! Not only that, you won't have to worry about expensive maintenance and repairs any longer, so you will have more money and more free time! No more taxes to pay, no more expensive home upgrades to finance, and if your neighbors ever get on your nerves, you can move!
Government housing is great for a start to climbing back on your feet, it is not a place to live if you wish to build up your savings account and become financially independent. They have limits as to what you are allowed to have in the bank, and they check bank balance averages on a regular basis to make sure you don't go over the limit. So if you want to actually save money and not have the government in your business, you may want to consider living somewhere OTHER than in government housing.
#2 Consider carefully the methods used for heating/cooling .
Old furnaces and small electric space heaters can be a huge financial drain. If your home has an old furnace, consider whether you should update it or use an alternative method of heating your home. One method that has fallen into disuse is kerosene heaters. They would not be feasable in a newer home, unless you kept a window cracked open, but in an older home with it's typical air leaks around the doors and windows they are ideal. In a smaller area, a couple of radiant kerosene heaters would keep your home warm despite any power outages, and a hundred gallons or so of fuel would be enough for a small home to make it through the winter. Consider the price difference compared to three- and four-hundred dollar monthly electric or gas bills if you are using an old furnace or small heaters, and see the savings build up.
Yes, there is an odor associated with kerosene heat. It mainly comes when you turn the heater on or off, and will not be noticeable during operation of a properly maintained heater. Just remember to occasionally take your heater outside to burn it dry and maintain the wick. There are several good resources on the Internet with tutorials on how to do this. One benefit of kerosene heaters is that in an outage you will still have heat. On certain heaters you can even heat small pans of water or food. So after a bad winter storm, you could simmer a pot of beans, removing them occasionally to heat up some hot chocolate or coffee. While your neighbors are desperately subsisting on cold sandwiches and potted meat, you can be feasting on a hot healthy meal, and avoid those overcrowded shelters and the germs of all those sick people forced from their homes.
Another benefit associated with kerosene heaters that most don't consider is the fact that kerosene is paid for in advance. Provided that we don't break out the plastic to pay for it, we won't have to fear a large bill in the future. Peace of mind has no price tag.
Also, should you decide to move, it is a simple thing to move your heat with you. Other methods, like furnaces or wood stoves, are difficult or impossible to move, and quite obvious to nosy ones like insurance agents or tax evaluators. Another way to heat your home would be wood heat. This method can get expensive and inconvenient if you have to purchase the wood, or if physical issues prevent you from actually harvesting the wood yourself, but this method can be very inexpensive if you have the wood available and are able to harvest it yourself. If you live in some of the storm-ravaged areas of the country, you may even be able to have people pay you to remove wood from their yards, essentially paying for you to heat your own home!
Propane can also be used to heat your home. While there are large heaters out there, with big canisters in their yard, I'm talking about the method used by RV travelers instead – small portable heaters with smaller, more transportable propane bottles. You can refill them at the same places you take an RV to get refilled. It may end up being less expensive to bring all of your tanks there instead of exchanging them at the local gas station. This is inexpensive and ideal for smaller living spaces.
Regardless of how you heat your home, make the most out of every heating and cooling dollar. Remember that when you are not actually using a room, try not to heat or cool it. When you leave your bedroom for the day, close the door and turn off the heat or air conditioning to that room until you are ready to go to bed in the evening. It may not seem like much, but the less you spend heating and cooling is more money in your pocket.
One way to save even more heating and cooling expense is by purchasing and/or recycling bubble wrap and putting it on your windows. Take a spray bottle of water and dampen your window, then press the wrap on the window with the bubbles touching the glass. Use a craft knife to trim the edges, and this will reduce your heating/cooling loss by about a single r-factor. As the average single-pane window has an r-factor of 1, you will double the insulation rating on those windows. This treatment does not stain the windows, and lasts several years.
#3 Less is More.
This may seem strange, but consider this: The next time you move, all that furniture and stuff will have to go with you. The more, heavier and bulkier the stuff, the more expensive and burdensome the move. With fewer small and light items, a move can easily be accomplished with one or two people and a small truck or trailer. If you have ever rented a moving van or hired a moving service, you will appreciate the logic of gradually reducing the size and bulk of the stuff you possess.
Also, the more stuff you have, the more you have to care for and maintain. Unless you hire a cleaning service, you will be the one arranging, organizing and cleaning all of that stuff. You will be the one wading through all of those items for the one thing you actually need out of that pile of junk and chances are you will have so much stuff to wade through that you will give up and purchase a duplicate item instead of locating the one you actually own!
There are movements out in the world encouraging people to pare down their possessions to an extreme and definite number, 100 is a common choice. While I am not that dedicated, I have discovered the peace of mind associated with having less stuff to clean and care for. With the goal of having less to care for, I have discovered the wonder of multipurpose devices. For instance, instead of owning a television and media center, paying a cable or satellite company for your viewing and listening pleasure, why not make your computer do a couple more duties? DVD players are common on computers today, and websites like www.pandora.com and www.hulu.com provide internet-based radio and television/movie viewing for free! With your computer pulling a larger load, you could eliminate a stereo, radio, television, DVD player – even a bookshelf! Websites like www.gutenberg.org have books available online for your reading pleasure, and other companies like Amazon are getting in on the digital book market as well! Slideshow screen savers could serve as digital photo frames, the addition of a device like magicjack or vonage could even allow your computer and internet connection provide inexpensive phone service as well!
Instead of a desktop computer and it's multiple components to organize, maintain and pay electric to use, consider the laptop. Modern laptops are quite powerful, and more than enough to handle everyday computing – all in a single device! So instead of a computer, monitor, keyboard, mouse and speakers to set up – instead of all those cords to detangle and all of that desk space being used – one device could do it all, use less energy and provide a battery backup in case of power outages as well!
As far as major appliances go, you can combine microwaves/toaster/convection ovens, washer/dryers, and of course the ubiquitous refrigerator/freezer. However, in all devices one must consider not only space but energy usage and cost. In some cases the combination devices cost more than they are worth, and these should be left on the shelf for the next fool to purchase.
Instead of a bed that only gets used at night, why not consider a sofa-sleeper or futon? It would be used as a couch by day, and a bed by night, thus serving double-duty. Not only would it take up less space than two separate items, there would be one less item to care for and move should you decide to relocate! If you are single, instead of investing in a bed and a couch, why not invest in a twin bed and basic frame? Placed against the wall and covered liberally with large pillows, you have an upscale, modern couch by day, and at night a comfortable bed! This arrangement would not only be inexpensive to set up, it would be durable and easy to transport should you decide to move!
Instead of an expensive heavy desk, what about a lightweight fold-up table? You could arrange or rearrange it at will, relocate it quickly and easily, and should you need some extra room, you could fold it up and put it away! Try doing that with a big heavy desk! To eliminate a heavy dresser, consider some shelving and decorative baskets. This would not only be convenient, but fashionable and easy to dismantle and move. You could also use it in another area should your furniture needs change! Also, how much do you actually use that mixer you own? Why not replace it with a spoon or a hand powered mixer, and not only save space, but energy as well! The same goes for other items around the house, like mixing bowls, casserole dishes, baking pans and knicknacks. Think of how nice it will be to have less to clean, and get rid of everything that isn't used frequently!
There are lots of ingenious ways to make the stuff you already have pull double or triple duty instead of purchasing more things to care for and lug around. Look at what you own already before buying that new gizmo – do you really need it, or can you make do without?
#4 Remember that lots of things that are plugged in use electricity and cost money.
After you are through charging your cellphone or other device, unplug the charger from the wall. The power converters on those cords still use energy despite nothing being plugged into them, and over time can add up to a significant expense. Also remember that certain appliances like microwaves and coffee pots with fancy features like remote controls, alarms and extra clocks still use electricity even when turned off. Plug those devices into a power strip that you can turn off when not in use. Why pay the power company when you are not even using the device? Computers, televisions, stereos microwave ovens, appliances that use a remote control, are big culprits of this constant energy drain, so remember when you are not using these devices to either unplug them or turn off the power strip they are attached to. Pennies turn into dollars using simple methods.
Another thing to consider is duplicated devices. How many clocks does one person really need? If you have a clock on your cellphone with an alarm, do you really need that big fancy clock radio sucking up juice on your nightstand? Why not unplug that energy hog and use your cellphone as an alarm clock instead? It's not like it isn't already using energy… I personally worry about oversleeping, so I invested in a wind-up alarm clock (Big Ben brand) and keep it set as a secondary alarm clock. That way if I wake up I can immediately see what time it is (the hands glow in the dark), and the alarm will wake me if for some reason the cellphone ever doesn't. Also, I am able to have a functional timepiece in case of the ever-too-common electric outage, with no drain on my electric budget either!
A truly frugal person would also note that cordless phones use electricity, whereas corded phones have their electric provided from the phone company, and would go that route. However, though one would save the expense of batteries, electricity, and replacement costs (cordless phones fail every so often, whereas it seems a corded phone will last almost indefinitely if not mistreated), one must consider they must either stay in one place while on the phone, or have a really long phone cord! However, if you have to stay in one place while talking on the phone, you may be encouraged to not stay on the phone as long, freeing up more time for other things!
Another energy user that can be eliminated in most cases is a dishwasher. For a single person or small family, it costs more in water and energy (not including the cost of purchasing, storing and maintaining) to use a dishwasher than it would to just roll up your sleeves and clean those dishes the old-fashioned way! Get the rest of the family to help dry and put away, and you've added precious quality time to what could be a boring chore! For more information on electric usage, go here and here.
#5 Ode to the light bulb.
Electric usage is charged by the kilowatt-hour. A kilowatt is a thousand watts. A 60-watt light bulb uses, of course, 60 watts per hour. A hundred-watt light bulb uses a hundred watts an hour. So consider that if you use a 100-watt light bulb for 10 hours you have used a kilowatt of electricity, and on a 60-watt light bulb will use a kilowatt of electricity in 16.6 hours. A 13-watt florescent light bulb gives out the equivalent of a 60-watt light bulb, but only uses 13 watts of electricity in an hour. So to reach that kilowatt threshold, you would have to operate that bulb 76.92 hours compared to 16.6 hours on a standard 60-watt bulb! There are even LED bulbs you can use to save even more! I have found LED bulbs that give out the equivalent of 40 watts of light but only use 1.5 watts of electricity! So whereas a 40-watt light bulb would reach the kilowatt-hour benchmark in 25 hours, a 1.5-watt LED lightbulb would reach it in a whopping 666.66 hours! That is a lot of light for the money!
#6 Remember the lowly blanket.
In winter, keep some blankets and throws out in various places. When someone gets chilly, instead of aiming for the thermostat, grab a blanket and snuggle up. Also at night use an extra blanket and turn the heat down. According to the U.S. Department of Energy , every degree lower you keep that thermostat will lower your heating bill by 1%, so if you were able to lower your temperature at night by 10 to 15 degrees, you would cut your heating costs by that much percent! combine that with a lower temperature during the day, and watch your energy costs drop! In spring and fall, perhaps you could turn the heat off entirely at night, and avoid any cost at all?
#7 Keeping cool in summer.
During summer months, use fans for air circulation for as long as possible before firing up the air conditioner. Every day you do not use the air conditioner puts you ahead of the energy game. If you encounter a portable evaporative cooler (a.k.a. swamp cooler) and you live in a dry environment, consider the purchase. It will cost less to use than a traditional air conditioner. Also, keep your air conditioner set at the warmest setting you can use and still be comfortable.
If your nights are cool, turn off your air conditioner and open the windows. Do this on overcast days to save even more money.
If you have windows in sunny locations, put heavy drapes, or even white paper on those to keep the sun (and heat) out of your home. In the winter do the reverse to invite the heat in.
The less clothes you wear, the cooler you will be. Natural fibers like cotton tend to wick moisture away better, and will keep you cooler. Also, clothes that have movement better remove heat and moisture from the skin, as opposed to skin-tight clothing. A damp cloth tied around the head or neck will also work wonders in the comfort department. So in hot weather put away those heavy jeans and sweats, and instead opt for shorts or flowing cotton skirts, with lightweight cotton tops to keep you cool and fashionable instead of hot and sweaty!
#8 Start a small garden.
By garden I'm not talking about twenty acres and tons of work. A couple of large containers filled with potting soil will do just fine to grow a few of your favorite vegetables. Do you love tomatoes? What about expensive items like bell peppers? Pick a couple of vegetables that you enjoy, or that you purchase most often and plan to plant and care for a couple over the summer months. Children are fascinated when they discover that food does not necessarily have to come from a grocery store shelf, so it is educational as well!
One thing to remember is that companion planting can save money also. If you like green beans, instead of purchasing a trellis or using unsightly sticks, why not plant some corn a few weeks in advance for those beans to climb up? Not only will you have a living trellis, but you will get twice as much food in the same space! My daughter enjoys sunflowers, so I like to plant peas climbing up the tall sunflower plants to make use of the vertical growing space. You can also use corn or sunflower plants as “stakes” to tie other plants such as tomatoes to during the growing season. Add a few Morning Glory seeds to give a splash of color to your living trellis! Don't want to bother mulching the ground or weeding? Why not plant some squash and let that plant provide ground cover instead? Which is easier, mulching and weeding, or harvesting and eating?
#9 Let Mother Nature do some of the work.
During the warm months of the year, hang your laundry out to dry instead of using the dryer and pocket the energy savings. It has been estimated that every load of clothes you dry in a dryer costs an average of fifty cents in energy usage, so if you dry several loads of clothing a week, the expense mounts up! Even if you only hung out clothes sporadically, you would still be saving that much more on your utility bills. Also, sunlight helps you keep your whites even whiter. Spritz your whites with a little lemon juice and hang outside for Mother Nature to whiten naturally.
In “olden” times, mattresses and quilts were taken outside once a year to be aired out and freshened up. Throw rugs, sometimes even carpet was taken outside in the spring and cleaned as well, allowed to dry in the sunlight and taken back inside. The exposure to direct sun kills germs and bacteria. Why not freshen up your home using similar methods? Instead of washing your old quilts as frequently, why not hang outside and treat with a fabric refresher like Febreze© or Odo-Ban©? This would not only save the water, detergent and energy normally used to clean these items, but would help them last longer as well.
Open your windows when the weather is pretty and let the springtime inside to freshen your home naturally, pick some wildflowers instead of using that can of air-freshener. Air-fresheners tend to release harmful chemicals into the air when you use them, so a periodic airing would be good for the health. Instead of reaching for that can of spray, why not find the cause of the odor and remove it instead? Your house will be healthier, and it will cost less in the long run! These are little things that come with a more conservative attitude, and all together add up.
#10 Weigh all expenses of purchases, even the little things.
Whenever you go to purchase anything, consider the TOTAL cost of ownership, and not just the price tag. A beat-up refrigerator in a yard sale for $10 may be a good deal if your desperate and broke, but it may use a lot more energy than the one at the goodwill priced for $50. In bigger appliances, generally newer = less energy usage, so try to get the newest item you can afford.
If you decide that you need something, think again about the purchase. For instance, will you really keep that deep freezer filled to capacity, or can you just stuff a few more items into your current freezer and make do? Freezers work better when full, so perhaps if you rearranged the freezer you have you could save not only the money needed to purchase a deep freeze, but the expense of operating it.. Also remember that during a power outage, unless you can afford an expensive generator, all of that food will go to waste. Can you afford to lose that much money, or would you be better off letting a store keep those items in stock and assume the risk of a power outage instead?
If your children are the typical rambunctious type, consider which is better: a $300 bedroom set that they may tear up in a couple years, or a $50 set purchased at Goodwill, an auction or a yard sale? Which one will it hurt less to replace? I found my daughter's bed for $10 at an auction several years ago and it is still going strong. It is a bunk type metal bed, with a full-sized mattress on the bottom and a twin on the top, so she uses the top area for extra storage! You may find a similar deal if you look around in your area.
If the device uses batteries, do you have a battery charger and rechargeable batteries, or are you going to have to purchase batteries every so often? This is a big thing on children's toys, so consider this expense carefully. I keep a small charger and a tidy collection of AA and AAA rechargeable batteries, and try to purchase only battery-operated devices that use those types to save money.
If you have a small yard, consider the expense of a mower. A new gasoline or electric push mower runs in the $150.00 range, and will require routine maintenance besides the expense of storage. Gasoline mowers require fuel, oil and things like mufflers, spark plugs and oil changes, and both gasoline and electric mowers require new blades and things periodically, like batteries or electric cords. Could you perhaps consider purchasing a reel-type mower instead, and save some of those expenses? It would cost less depending upon the mower, require no gas or electric, would be quieter, require almost no maintenance and would not throw things at dangerous speeds! You could store it easier than a gasoline mower, have no leaking and explosion concerns, and never have to worry about high gas prices, extension cords, electric bills, pollution or noise issues!
Even on small things you can sometimes find ways to save some money. For instance, if you only drink a couple cups of coffee every now and again, do you really need an electric coffeepot taking up space? What about a metal stovetop percolator that you can use for other things when you are NOT brewing coffee? Then it could get double (or triple) use, and have no electrical parts to wear out over time.. If you want to keep some coffee warm, why not use a thermos instead of using the coffeepot to do it?
If you are considering pet ownership, are you thinking of ways to reduce the expense of acquiring and raising a pet? Smaller animals are generally less expensive than larger ones, requiring less in the way of food and supplies, so this may be one way you could trim the expense of a pet. Another thing to consider is that instead of getting a pup from a breeder and paying several hundred dollars, go to an animal shelter, pay less, and save an animal's life. Also by doing this the major expense of spaying or netuering the animal will be covered in the adoption fee! If you adopt an adult dog you may even get one that is house-trained already, which would save you not only the aggravation of training it, but the expense of a LOT of cleaning supplies!
On the subject of cleaning supplies, do you know how much you pay every month for those bottles of liquid wonder? Would you like to spend less? Amazingly, the majority of cleaning jobs can be done with a little soap and water, bypassing those expensive cleaning solutions.
Back in our grandparents' day Ivory Soap Flakes were used to clean almost everything. Of course, Proctor and Gamble discontinued that little product, but you can make it easily at home. How? By grating up a bar or plain Ivory soap. Yep, those fancy soap flakes were nothing more than ground up soap. You can use those soap flakes for almost anything, including making your own laundry detergent. Why, with just a couple dollars' worth of supplies and a few minutes of time you can make up to ten gallons of liquid laundry detergent! You can find that recipe and more here.
Variations on that simple recipe are used for other things, including making liquid soap. A grated bar of soap and a gallon of water will make a large quantity of liquid soap for your dispensers at a fraction of what they cost in the stores, and give you the satisfaction of knowing that you are not contributing to the landfill crisis!
If you want to stretch your pennies even farther, invest in a small foaming soap container and refill it using just a couple of tablespoons' worth of soap and fill the rest of the way with water, mix well, and viola! Foaming soap for less than pennies! Don't believe me? Check out this and this !
Cleaning windows? Instead of buying that name-brand stuff, why not take vinegar and water in a half and half solution instead? That was how my parents cleaned windows their whole life, and our windows were spotless!
There's money in the simple things, lots of money. Do you want to reclaim some of it? That is the heart of the question. If you do, take a good long look at your lifestyle, and start changing the little things to watch the savings add up.
1Houses for $250/month DO exist; I managed to locate a nice 2-bedroom one in a small town. You just have to hunt for them, and treat them with respect when you get them!
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