6 Ways To Save Money Around The House


We all know that saving money is important. Not only can it help you realize those retirement aspirations nice and early, but it’s also nice to be have a good savings buffer to fall back onto should you need money urgently for something. Sometimes it can be difficult to find new ways to save money, so I have listed 6 easy ways to save money around the house that most people should be able to action.


1 – Turn Off Appliances When Not In Use

The biggest culprit for most people when it comes to wasting energy is the family TV. I don’t know about you, but when I was growing up we used to always have the TV on, even when there was no one in the room watching it. Looking back I would hate to think how much money my parents wasted by doing this, and it would only be worse now considering how big and energy hungry today’s TV sets are.

Leaving lights on when they are not in use is another big one. Like money, electricity doesn’t grow on trees, it costs real money. So next time you are leaving a room and you are the last one there, be sure to turn the light off as you are leaving.


2 – Set The Air conditioning To A Moderate Temperature

Air conditioning is without a doubt one of the biggest energy consumers a household can have. If you can manage it, try to only have the air conditioning running when you absolutely must, and even then, be sure to set the temperature to a moderate temperature in place of a really low one for cooling, or a really high one for heating. Every time you move the temperature to one of the extreme, it is costing you big dollars to run, as opposed to costing you only small amounts by setting the temperature at a more moderate level.


3 – Install Water Saving Devices

Unfortunately, these days water just isn’t as cheap as it used to be. That means that every time you decide to run your tap, flush your toilet or do a load of washing, it is costing you money.

A really great way of instantly reducing your water usage is to buy things like water efficient taps, water efficient toilets, water efficient appliances and water efficient shower heads. Over time each of these devices will reduce your water usage and ultimately reduce your water bill.

If you’re prepared to spend a bit more money upfront, another great way to save money on water is to install a water tank. You can even have it plumbed into your house for use on your washing machine and your toilet. My wife and I have done this at our house, and every time it rains I just think of the money that mother nature is saving me.


4 – Install Energy Efficient Lighting

Setting your house up with energy efficient lighting is actually one of the easiest and most cost effective ways of saving money. Whenever you have an existing bulb blow, consider replacing it with an energy efficient one. In some instances you can illuminate your entire household with LED lighting for the same electricity usage as just 1 or 2 incandescent bulbs. The other major benefit of LED lights is that they last many times longer than incandescent and CFL blubs.


5 – Don’t Stand In Front Of The Fridge With The Door Open

Refrigerators can cost a lot of money to keep running in your home, with the biggest use of energy for a fridge being when it has to cool itself down after someone has opened the door. The longer the door is open, the more cold air that escapes, which in turn means the harder the fridge has to work to keep itself at the preset temperature. If you can go to the fridge knowing what you want to get out prior to opening the door, this can save you a lot of time and ultimately reduce the amount of energy your fridge will need to use.


6 – Take Shorter Showers

The last thing I am going to talk about is saving money by doing things like taking shorter showers, or even just turning off the water whenever you are brushing your teeth. Don’t turn the tap onto full flow when you are washing your hands. If you can just set the water flow rate to what actually require, rather than pushing it to the limit, you can save quite a bit of water, and also save some money.


Have you got any money saving advice you can provide people for around the house?

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Hi, I'm the founder of The Money Spot - I hope you have found the information on the site to be useful. I love talking about all things related to finance, business, marketing, blogging and the most important things - family and lifestyle. You can learn more about me here, or visit me on my other website Monster Piggy Bank.

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  1. Surprisingly, I noticed several $$ off my electric bill the month after I started unplugging my cable box, not just turning it off. It is in my bedroom so I watch it only every couple of days and just replug the box in. But yes, around $4/5 so now I unplug the keurig and my kids tv/lights power strip. Hoping to save more.
    Also, our bathroom light fixture has those awful globe bulbs. I left the blown ones in for “looks” but only keep one working globe in.

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