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April 26, 2020

11 Powerful Ways to Save Money on Utilities, and Use it for Your Budget

You can save on utility bills and then use the money for your budget. I have a lot of experience with utility bills. The many homes I have owned give me experience in utility choices, use, and maintenance. After living in areas with high utility bills and areas with lower utility bills, I can safely say I have utility experience.

The areas with low utility bills have a way of sneaking high cost in if you do not pay attention. Understanding utility use and care is a large part of maintaining a home.

11 Great Ways to Save Money on Utility Bills And Find Money for Your Budget:

Women and homeownership, learn to save money on utilities

1. Lightsuse energy efficient light bulbs and automatic on/off switches to conserve energy

When you use overuse lights it makes a big difference in your bill. In some places electric bills are awfully expensive where there is a utility monopoly. Too many families or even singles do not keep what I call, “light awareness”. If you leave a room, turn out the lights, it is that simple.

If you want to use lights for security purposes, use automatic on/off switches. You can pick up one from your local hardware store, there are many examples. These are useful when you go out of town and do not want others to know that no one is home. Just make sure you keep the light use to a minimum.

Energy efficient light bulbs shave considerable money off your bill. Some energy efficient bulbs you will use, will seem to last forever. If you use the combination of low light use and energy efficient lights, you can see low utility bills here by far. 

Children are another reason lights are kept on too long. It is OK to explain to your kids, no matter what their age without putting pressure on their little minds. Some kids even feel important when they are asked to help and why.

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2. GasKeep gas for cooking and fireplaces to minimum to knock a dent in your bill.

Many of you love cooking with gas, so there is a lot of gas being used. There are also gas fireplaces. There are two types of gas. Natural gas usually used in the cities and LP Gas (liquid propane) usually used in rural areas.

Because I have experience with both, I can say that electricity is far cheaper than LP gas in rural areas and natural gas is less expensive than electricity in urban areas.

Because LP gas is so expensive, I never run my pilot in my country home fireplace. Of course, natural gas is cleaner to burn for the environment. To save money, it is best to build a wood burning fireplace, especially where wood is plentiful. Keep all gas appliances during off during non-use to save money on burning. Keeping gas use low, will enable a low utility bills in this area.

Find money for your budget, when you save money on utilities

3. Water – Is one of the least expensive utilities, but you can save money by controlling use
If there is a leak, you water bill will explode. One way you can find if there is a leak is if your water bill is exceptionally high over past few months. Use only what you need and turn your water off when not in use. Get leaks fixed immediately.

4. Low flow water fixtures are recommended – these save on water and heat

Low flow water fixtures keep the flow to a minimum, so you do not use as much water as if you have a high flow valve. So, they save on water and if it is hot, save on hot water.

The problem is that many people do not understand how important this is and instead they remove the part that restricts the water flow in show heads and faucets. It works best with toilets.

Understanding the difference, it can make in your water and heat bill, will help to understand its importance.

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5. Septic/sewerAvoid busted pipes and improper maintenance

In rural areas or urban areas that have not been fully transformed you will have a septic system instead of city sewer system. It must be maintained with a septic enhancer or you could have an expensive backup. You also must have it cleaned out every few years or you could get into expensive trouble.

6. Landline phone vs cell service You can now get one monthly fee for local and long distance.

With landline phones you get enhanced 911 calling, which is important for the extremely sick or elderly. This means if you live in a major area the call is traced to your location immediately. The ambulance will know where to go even if you hang up.

With cell service this is usually not the case, they can only tell the general location.

Small Savings Become Big Money Over Time, -Lois

Landlines are usually is less expensive than cell service. The issue is you will not have cell service when you are away from home if you do not own one. There are very inexpensive cell service contracts, you must talk to your chosen carrier and get an inexpensive fit for you. Cell phone contracts are competitive and constantly changing, so stay informed.

Home buying the right way takes skill, afford a home when you save money on utilities

7. Heat/air — This is where the cost can be quite high.

The thermostat is king; keeping the thermostat down with heat, and up with air, can save a few thousand dollars a year. Investing in a programmable thermostat will save when you are away. The largest costs come when you must replace your system. Know what the costs are before you ask a professional to replace your system.

Also, updating to an efficient system will save money over time and pay for itself. We upgraded to a complete heat, air, and programmable thermostat modern system and it paid for itself in 3 years. Out bill was almost cut in half. Here is where you can find money for your budget in a huge way. 

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8. Fireplace – A wood burning fireplace is a great alternative for heat.

You can keep the thermostat down exceptionally low and make up the heat with the fireplace. It will basically take the chill out of the air. But, you will be comfortable.

9 Open windows In places where you get a cool breeze from windows.

Use natural breeze instead of air conditioning. Air conditioners are an extremely expensive way to cool when you have free cool air. Keeping air conditioning use to a minimum will allow you to find a maximum 

10. Energy efficient window coverings help to control the atmosphere.

There are many types of window coverings that control the heat or cold at the surface of the window. Energy efficient window coverings run the gamut from shades to curtains. Check with your local window covering retailer and they will review the best options for your windows.

11. Unplug plugged up electrical appliances use electricity and generate costs.

Many homeowners and apartment dwellers do not know this. You will see a difference in your electrical bill when you unplug all unnecessary outlets. It is also wise to unplug during major electrical outages to prevent short circuits.

Consistency is the Key to Saving Money, -Lois 

THE IMPORTANT FACTS ABOUT HOME BUYING ARE HERE->

Ladies, it takes skills to purchase a home and non-owner occupied rental property

In Summary

If you do not need the lights, gas, air, or heat – keep it off, and you will lower your bill. You will save money on utilities that you can use for your budget, only when you have “utility use awareness”.

Leave home and turn off – do not keep your electricity or heat on if you leave home. There are a few exceptions. An exception would be if you live in an area that gets cold winters and your pipes would freeze if the heat is not kept on low. Remember to wrap pipes, wherever you can to prevent frozen pipes bursting during cold winters.

Use an automatic timer to turn on and off lights when you are away, or they need to be on for an extended time.

Fireplaces are great for heat if you can get the wood at low or no cost.

A septic/ sewer system requires maintenance, find out from your local septic person.

Water is not free, so use it sparingly, in some areas it is downright limited.

You can get an inexpensive landline or cell phone contract, do your research.

These are surefire ways to save money on utility bills. As you use these suggestions, you will see a deep cut in the money you spend on utilities.
You will be surprised that you will find money for your budget, you hadn’t dreamed of. Save money when maintaining a home, by understand how to efficiently use your utilities.

UNDERSTAND FANTASTIC FINANCES FOR BIG THING BUYING HOMES->

 

Lois Center-Shabazz| Money Strategist | Course Delta Agency

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11 Powerful Ways to Save on Utilities and Find Money for Your Budget

3 Best Factors to Consider In Order To Buy a Great Home

There are many reasons you should buy a home. This article applies to owner-occupied ownership when you buy a home, only. Rental real estate is quite different than owner occupied home ownership. I will walk you step-by-step through key elements of the home buying process.

The loans are more difficult to qualify for than owner occupied. Tax deductions are much treated differently. If you do not hold home investment long enough, you could be required to pay short-term capital gains taxes. These home buying tips will enable you to understand the most important elements of home buying you should know before your search.

Home buying the right way take skill

 

The More You Know, The More You Grow In Useful Facts


Here Are 3 Factors to Consider Before You Purchase a Home:

1. Home prices are low or reasonably priced for your area, which makes the area affordable

Home prices fluctuate about every 7-10 years. Occasionally, due to a catastrophic event where there are a lot of foreclosures, the prices go way down. When the event is over, and people are back to work the prices usually go back up.

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The prices fluctuate from low to high for several reasons. Some of the reasons are:

1) If there is a big layoff in a town, everyone is trying to sell at the same time and there are few buyers, home prices may take a nosedive.

2) A major industry has moved out of a town and there are few buyers for a home, prices will go down, 3) Interest rates have spiked up and it is hard for buyers to qualify for a mortgage and therefore prices of homes may correct down.

On the other hand, prices go up sometimes when:

1) Loans are easy to qualify for (as in the real estate crises from 2003-2008), and people got loans who should not have them, this causes many loan defaults in a short period of time.

 2) A new high paying company may move into the area and there is a shortage of homes to buy, people start bidding up homes, as in some areas of the U.S. that have high employment and low inventory of homes.

3) New homes are not being built, and new companies move into the area quickly, so there is a shortage of homes.

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You get the picture. Real estate does not go up constantly, as some beginner home buyers tend to think, there are sometimes corrections in a high market, and low markets go high for various reasons.

Never Rush to Buy a Home:

The point here is that you do not want to rush and buy a home in an area that you are not familiar with; the prices may be high and at the top of a market. For reasons unknown to you, prices are starting to come down.

This is important to know because, if you must sell in a short period, you may have to sell for less than you paid for the house. This is called, being under water with a mortgage, you will lose money.

Typical appreciation for a well-kept home usually runs around 3-5% per year, according to the National Association of Realtors.

Know what is going on in your area, make sure you are not buying at the top of a market, unless you know you will be in the area for a long time, otherwise, you could be stuck with a home you can’t sell for more than you paid.

You Will Have the Best House, for The Best Price Possible, if You Follow the Home Buying Process; When You Buy a Home.


2. Buy a home when you have had a steady job for a while.

It goes without saying that income is what pays the bills. Make sure that the company you work for is stable or your business is on sound footing before you buy a home with a mortgage.

Most mortgage companies will want to see 2 years of tax statements, in addition to that. They will usually also order their own copy directly from the Internal Revenue Service. If you are self-employed, agents will ask for  actual bank records of your small business deposits.

During this time also make sure you have savings in place for a down payment, and escrow and closing cost. It is also a good idea to have additional savings to keep in place in case of a job layoff.

3. Buy a Home when you plan on living in the area for several years.

As I discussed in number 1, real estate goes up and down. When prices get high, many times there is a correction and prices come down for a while.

If you happen to NOT do your homework and buy in a real estate market that is about to come down, for a variety of reasons, you may find yourself upside down with your loan for a while.

This will take more years to make a profit on your loan. You will have to ride out the correction, and get back your escrow and closing cost as an initial investment. Normally it takes about 4 years just to get back your escrow and closing cost as the home value increases.

Corrections in the Real Estate Markets:

If you must ride out a correction it could take many years longer. If you happen to buy at the bottom of a real estate market, you could get lucky enough to ride up the value of your home, and you could sell much faster or a profit. It is important the house is well-kept and affordable for you.

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 In any case, you should study your area, study the real estate market, study the economy or the changing of the economy in the area, and know when to buy. That is; know if you are at the bottom or top of a market. Real Estate works best when it is held long term, a key factor in home buying tips.

In normal cases, it could take as long as 8-10 years to make a profit from your real estate purchase. Use this calculator to find out the home you can afford.

This will take more years to make a profit on your loan. You will have to ride out the correction, then get back your escrow and closing cost as an initial investment. Normally it takes about 4 years just to get back your escrow and closing cost as the home value increases. The home buying process tighly weaves, escrow, title, costs, mortgages and time. 

In any case, you should study your area, study the real estate market, study the economy or the changing of the economy in the area. And know when to buy, that is; know if you are at the bottom or top of a market.

Use all of these great home buying tips to buy a great home, but first understand the home buying process.

Home ownership dream for women

Lois Center-Shabazz| Money Strategist | Course Delta Agency

Get your FREE financial consultation from Lois here; let’s chat
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Like and follow “Fantastic Finances” on facebook
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3 Best Factors to Consider When You In Order to Buy a Great  Home