Money Saving Tips for Homeowners

Whatever phase of life you’re in, paying off a mortgage is one of the few things that will remain consistent in our lives. Whether you are just married, planning on expanding your family or sending a child off to college, budgeting for the inevitable monthly payment, and sometimes payments that come with owning a home, is something all homeowners must remain vigilant of.

Believe it or not, there are many money saving tips for homeowners that can be incorporated into everyday life that will help anyone at any age save money.

Your Heat Bill

Living in upstate New York, winters can get brutal. On the coldest days you may be tempted to crank up the heat to get cozy fast. Instead, get in the habit of layering up clothing.

Another option to lower your utility bill is to lower the thermostat when no one is home. This will lower your gas or electricity bill every month.

On the flip side, sunlight can easily raise the temperatures in your home. In order to save money on your electricity bill, use window shades to reduce the need for the air conditioning.

Avoid Late Payments

Paying almost any bill late will accrue interest or result in a late fee. Credit cards, loans and a mortgage are all things that will penalize you for missing a payment. Interest rates for any of these can range from 5% to 20% every month. These extra debts can easily be avoided by setting reminders on either a mobile device or calendar to avoid unnecessary fees.

D.I.Y. Projects

When a home is need of a “facelift,” most of your existing furniture and interior décor can always be changed or adjusted. Websites like and offer many ideas to redecorate on a budget.