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My house was sucking my money down the drain; here’s what I did

I’m a saver. I only spend money on things that are necessary. When my husband and I became first-time homeowners, I was shocked at how much money it took to keep my home functional and comfortable. We were spending way more than I wanted to, but it was necessary. The money spent on electric bills went to powering our home. We had to pay the gas bill to avoid freezing during the winter. It felt like our house was sucking every penny out of our budget. To avoid breaking the bank, we started doing a few simple things around the house to save some money.

Turn off the A/C

I like to keep my home at comfortable temperatures, especially during the summer. I can’t stand the feeling of a hot, stuffy house. But the cost of cooling our house was getting out of control. I hated seeing money fly out the window every time we turned on the central air. But there are plenty of ways to combat energy loss during the summer, other than roasting in a hot home. First, I bought some heavy drapes to keep out the sun and turned the A/C way down at night. We found that once the temps get low enough, the thick drapes helped block the sun from making it too hot during the day. We also started using our ceiling fan a lot more when we were home. These simple tricks helped to keep our electric bill at a price that wasn’t breaking our budget.

It’s all about insulation

When we first bought our house, the insulation wasn’t that great. We could feel cold air seeping through the windows and doors during the frigid winter months. We were turning up the heater way more than we should, which drove up our gas bill. After doing some research, we found a few, easy ways to insulate our house. Spraying some insulation in the attic; adding weather strips to the windows; and replacing the older, weather-beaten front and back doors with newer ones helped to keep the house better insulated. Remember the heavy drapes I bought over the summer? It turns out they’re great for winter too. On the coldest of days, we would close them, throw on a sweater and some woolly socks, and become totally warm. We rarely found ourselves turning the heater up past 60, which dramatically reduced our gas bill during the winter months.

Install CFL and LED lights wherever it makes sense

If you’re still using incandescent bulbs, you need to stop. They’re expensive, don’t last long, and use six times more energy than an LED light. I made the switch to LED lights as soon as we moved into our new home, almost three years ago. To this day, we haven’t had to replace a single bulb. And we’re using a lot less energy than we did in our previous apartment where all we used was incandescent lights. Replacing a few bulbs in our house was fast,  easy, and helped us to keep our electricity costs down.

Doing these few, simple things around our house helped us to save so much money on our gas and electric bills. But it didn’t stop there. Once I discovered how much money we were saving, I wanted to find even more energy-saving hacks. Here are a few of my personal favorites.

  • Turn off all lights when you leave a room; also, take advantage of the natural light whenever you can.
  • Invest in power strips and turn them off when you’re not watching  TV, using the computer, or playing gaming consoles.
  • Perform a weekly maintenance check on your appliances; make sure they are clean and working properly.
  • De-clutter every room. We actually made some fast cash by selling all the stuff we didn’t need—plus it made my house feel so much cleaner.
  • Making more crockpot meals helped us to save time and money, since most meals involve three ingredients and almost no prep time. Plus, they’re delicious and make me seem like an even more talented chef than I am.

What are some ways that you’ve saved money on your home? Let us know in the comments below.

 

       

 

3 rules to follow when he’s a saver and you’re a spender

I like to shop. Every single trend that could be found in the stores of a mall was, once upon a time, present in my closet. Even the questionable items. I buy candles for every corner of my room because one is never enough, and I once purchased face cream the price of multiple dinners at Sephora — merely because the make-up artist told me it was nice.

On the other hand, my husband likes to save. You know that thing at the bank called a Saving’s Account? He actually has one. While I scroll through my favourite online stores, he scrolls through his budgeting applications, all while checking on his many investments and stocks; a side hustle he plans to take advantage of during ‘rainy days.’ Frugality is his specialty. Extreme couponing, I think it’s safe to say, is one of his life time goals.

Like other couples, we have very different spending habits. Given this, it’s no surprise that money is the most common topic that couples argue about. A recent survey from the American Institute of CPA’s concluded couples argue at least three times a month about finances. Researchers believe the conflict may stem from failing to discuss money on a regular basis. Fifty-five percent of those surveyed who were married or living with a partner said they don’t regularly set aside time to talk about financial issues.

So, let’s talk.

Take these three steps to avoid the ongoing kerfuffle of choosing between the $14.99 or $19.99 bundle and thank me later.

  1. Communicate. You hear it repeatedly. So why is it so difficult to follow through? Talk to your partner about how you want to handle your finances as a couple, along with any individual expectations that you may have of one another. Discuss whether you want to share any expenses such as utility bills or groceries or if you want control over your own finances. Ensure you go over any debt that either of you have to take care of and that you are transparent when it comes to your purchases. What is the point of buying a car without a discussion if you have to drive around alone because bae is mad at you?
  2. Speak their language. Try using a reference from their favourite TV show and watch how googly their eyes get. Its important to be able to relate to your partner. Get on their level. If they start pricing matching or looking at deals, keep your cool – and let them be. Don’t try to change them and don’t let them try to change you. Habits build over time, making it difficult to break. Instead, take things away and implement them in your daily life. Find the positive aspects to their habits. Think about it; saving up for an emergency prevents either of you from having to get a second job if the time came. Thus, you’ll have more time to spend with each other. Because love.
  3. Have your own savings. Whether you agree to share your finances, contribute to expenses, or manage your own money, always have funds set aside solely for yourself. Although there are many advantages to a joint account, there will always be a reason to have at least one bank account dedicated for your own use. This is especially important if you and your partner are on different financial levels or if you have different spending habits. After merging two lives together, it can be easy to feel a loss of independence. By having something that is solely yours, you can guarantee you still have some control over your life.

Relationships take a lot of work to be successful. It’s about compassion, patience, and compromise. Despite this, you may still find yourselves butting heads with your partner from time to time over things you just can’t seem to agree on. Follow these steps to ensure you spend less time arguing about finances, and more time arguing about things that matter; like which show you want to Netflix binge (and chill). Lastly, don’t forget to give him a kiss when he splurges on you! Your relationship will grow stronger and better because of it.