How to Economize Home Costs & Build Wealth
There are many reasons why it is important to save for the future and to create greater financial security. One of the best ways to save money is to reduce your expenses and considering that a high proportion of your expenses come from the home, you need to look carefully at your home costs.
You may be able to find many costs that are unnecessary and can be cut out altogether and in other areas you may be able to find ways to stretch your dollars further. Before you start, there are some important points to consider:
- Pennies always count. Never allow yourself to think that pennies are insignificant. In fact, they add up to dollars!
- You don’t necessarily need to be cheap – you need to be efficient.
- Get to grips with what are “needs” and what are “wants” in your life.
Now you will be ready to make a plan!
#1 – Work Out Where The Money Is Going
It is vital to know where your money is going. It is not possible to find areas where you can save if you do not have a clear picture of exactly what you are spending your money on. Carry a little ledger or notebook around with you and jot down every penny that you spend.
- While it is obvious to include expenses such as rent, utilities, groceries and gasoline, you must also include all small amounts such as morning coffee, lunch take-out, snacks or lottery tickets.
#2 – Identify Unnecessary Expenses
Here is the part where you need to identify your “needs” vs your “wants”. Are all of those coffees from the vending machine at work really a “need”? Do you need to get a take-out lunch every day or can you really bring lunch from home at a fraction of the cost?
- You may think that these are simply small amounts, but if you keep in mind that pennies count too, you will actually see that these small expenses add up quite fast and quite significantly by the end of the month. Saving yourself only $5 each work day in unnecessary snacks will add up to $110 a month or $1,300 a year!
#3 – Never Pay For Home Repairs Out-of-Pocket Again
Americans are turning to a Home Warranty for all their home repair needs. A Home Warranty Plan is similar to a homeowners insurance plan, but it actually covers many things that an insurance plan won’t like a broken refrigerator, a broken furnace or an electrical malfunction on a ceiling fan. You could save thousands in repairs and replacement costs by switching to a warranty plan that covers all of there for you!
Luckily, homeowners now have the option to get a home warranty plan anytime after they bought their home. Even if you’ve lived there for 20 years, you can still get your own home warranty plan that will cover the cost of many unforeseen home repairs!
#4 Get New, Energy-Efficient Windows Without Paying An Arm And A Leg
Homeowners should never have pay full price for windows again. In the past replacing windows could cost a fortune. Worse yet, failing to not replace old windows could be catastrophic — causing water leaks, mold and mildew, and increased heating and AC bills.
Savvy homeowners understand that replacing windows is a home improvement investment that not only increases appeal, but can also put money back in the homeowners pocket with lowered heat and AC bills.
Thanks to this brilliant windows comparison site, homeowners no longer have to pay an arm and a leg for new windows, but can instead get them at the best price! The website gets the top licensed and insured vendors in your area to compete for your business — allowing the consumer to secure the best available price without hassle.
#5 – Get Government Rebates To Go Solar And Cut Your Energy Bill
Here’s something the power company doesn’t want you to know. A little-known government program allows qualifies homeowners who live in these specific zip codes to receive $1,000’s in Government funding to install solar panels.
The program is called the Federal Residential Renewable Energy Tax Credit, which provides subsidies and rebates that can cover most of the costs associated with installing solar panels.
Has your power company told you that? Most likely not. Once homeowners go solar, their energy bill is drastically reduced — often to $0 or close to it. You can bet the energy companies are not too thrilled about that.
Homeowners can check if their zip code qualifies here and be on their way to eliminating electric bills.
#6 – Become a smarter shopper
Many people spend much more than they plan to on their grocery bill. In many instances you will find it difficult to understand just how you managed to spend so much. It is important to become a wise shopper. There are a number of points you should follow:
- Plan a weekly menu so you know what ingredients you need.
- Make a shopping list.
- Avoid impulse buys and stick to your list.
- Do not be tempted by specials on food items that are not necessary.
- Buy fewer processed foods and more whole foods, as healthy foods are better for you.
#7 – Take Advantage of the “Feds Cut Rates” & Take Up to $3,252 a Year Off Your Mortgage
If you’re a homeowner, this one thing could save yourself thousands of dollars this year…Still unknown to many is a brilliant program that can benefit millions of Americans and reduce their mortgage payments by as much as $3,252 per year!
You can bet the banks aren’t too thrilled about losing all that profit and might secretly hope homeowners don’t find out about the program. So while the banks happily wait for this program to end, the Government is making a final push and urging homeowners to take advantage. This program is currently active but could be shut down at any given time. The good news is that once you’re in, you’re in for good.
If lowering your payments, paying off your mortgage faster, and even taking some cash out would help you… it’s vital you act now and see if you qualify. It’s been reported that homeowners are already seeing the financial benefits of these savings help in other areas of their life. Using the massive amount saved to pay for remodels, vacations, student loans, and even credit card debt!
#8 – Save $850 And Protect Your Family With This Great Home Security System!
Did you know that there are roughly 2.5 million burglaries a year, 66% of those being home break ins. Police solve only 13% of reported burglary cases due to lack of a witness or physical evidence.
There is one burglary ever 13 seconds in the United States.
While we don’t mean to alarm you, break ins are 6% more likely to occur during the day between 6am and 6pm while people are at work or running errands…. but statistics show homes without security systems are 300% more likely to be burglarized!
ADT Alarms Systems are aware and want to help keep American families safe, so they are doing all they can to provide support!
This is especially important for seniors or anyone who lives alone: ADT can help provide medical aid in the case of an emergency!
ADT is offering a limited time promotion that includes $850 of FREE equipment & a $100 Visa Gift Card
Bonus – Get 70% Off Life Insurance and $1,000,000 Tax Free!
If you have a family, life insurance is a must. Most people don’t have savings large enough for their family to pay off their mortgage, cover childcare costs and ensure their children get a good education — never mind ensuring your loved ones don’t inherit your debts.
Life insurance companies know all of this and the bigger the policy, the more they profit. They’ve been getting away with charging high rates for years – but that’s all starting to change.
Fortunately there is a way to get a rock solid, yet cheap life insurance policy from top providers. All you need to do is compare quotes from multiple insurance companies. This amazing website does that for you, and the best part is it’s totally free! The site will run your information through their technology to automatically find the best life insurance policies available at the lowest possible price. You could end up saving up to 70% on life insurance!
No medical check and instant approval policies are also available for seniors. Click here to see available plans.
Bonus – Switch Your Car Insurance And Save $672 A Year (Or Even More!)
Did you know that depending on your age and other factors, car owners could get a generous discount on their car insurance? Recent studies indicate that only 5% of American drivers are paying less than $64 per month for car insurance. That’s a lot of people paying a lot more than they may need to!
This is probably because most are not taking advantage of the multiple discounts available to them. Luckily, finding these discounts and seeing how low your rate could be is super easy. It only takes about 60 seconds by using this free website to check for applicable disaounts.
Click here to see if you qualify to save $672+ on car insurance
Bonus – If You Have More Than $20,000 In Credit Card Debt – Get A Fresh Start!
With the skyrocketing cost of living in the United States, more and more adults are struggling with financial debt than ever before. And with interest rates snowballing the amount owed, owing on your credit cards can seem like a trap that can never be escaped. Here’s what credit card companies don’t want you to know…
For anyone with more than $20,000 in credit card debt, this debt relief program can greatly reduce the amount owed. The program can resolve debt without a loan – allowing many to become totally debt free in just 24 – 48 months.
So if you carry $20,000 or more in credit card debt, then click here to find out how to reduce your payments!