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Frugal Family: Six Ways to Save Money Around the House

Many people look for simple ways to make their paychecks stretch a little further. With a little sacrifice and creativity, you can reduce expenses around the home and save a substantial amount of money each month.

Frugal Family: Six Ways to Save Money Around the HouseThe six ways to save money around the home that we will discuss are:

1. Turn Off Lights

2. Pay Down Your Mortgage

3. Grow Your Own Vegetables

4. Turn Off the Water

5. Do Your Own Kitchen Repairs

6. Re-use Plastic Grocery Bags

Turn Off Lights

Make a conscious effort to turn off lights when you exit a room. A way to help you remember is to place notes on mirrors, refrigerators, light switches and door handles. Set the example for other members of your family to do the same. It will take some time to get into the habit, but consistency is the key. The result will be a huge savings on your electricity bill.

Pay Down Your Mortgage

Paying an extra $100 each month towards your mortgage payment will result in saving thousands of dollars over the course of a 30-year loan. If you are able, you can also make an extra mortgage payment at the end of each year. This will also result in a significant savings of interest and a shorter loan term.

Grow Your Own Vegetables

If you have room to plant a small garden, consider growing your own vegetables. Start with a few selections and add more at a later time. You will have fresh food right in your own backyard and will save money on the grocery budget.

Turn Off the Water

Be sure to turn off the water while brushing your teeth and while washing dishes. Only use the water for the final rinse. When showering, limit your time to no more than 5 minutes. This small act will add a tremendous savings to your water bill.

Do Your Own Kitchen Repairs

It can be expensive to hire a professional to do home repairs. You can learn to repair small appliances in the kitchen without seeking professional help. Consider purchasing books on basic home repairs, attend workshops at your home improvement center, or watch do it yourself videos online. Everything from refrigerator to KitchenAid replacement parts can be purchased online to help you do it yourself. You can learn how to make repairs with a minimal amount of instruction.

Re-Use Plastic Grocery Bags

Garbage bags can be an expense that adds up, when it really doesn’t need to. You can save money by re-using supermarket plastic bags. They are the perfect size to fit in smaller household waste paper baskets.

Look for other ways to cut expenses around the home. By doing so, you will see a significant boost in your savings each month. The money you save can be used to pay off other debts. Give it a try; you’ll be very happy with the results.

Tim Esterdahl

Tim Esterdahl is the editor of IFCS blog. He is a married father of three and enjoys golf in his spare time.

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