Six Ways Your Home Can Save You Moneyhands with a tree growing in coins

Spring has arrived and with it comes the motivation to clean, renovate, and save. But the season can also cause us to feel anxious at the cost of change. Whether you're saving for home repairs, organizing your life, or simply need to cut down on every day expenses, here are some ways your home can save you money.

Replace Your Bulbs with LED Bulbs

You've heard this one before: these bulbs can save you hundreds of dollars, and last between 30,000 and 50,000 hours. They are inexpensive and good for the environment. If you have a bit more in your budget for a better long-term investment, companies are now creating "smart" LED bulbs that communicate with the latest technology. Coordinate these bulbs with small motion sensor devices to turn the lights on and off with motion, control each bulb with your mobile device, or program them to communicate with your voice activated home device like Google Home or Alexa. Your basic smart bulbs support an array of white and yellow light, but a bigger investment affords several thousands of colors at once.

Install a Smart Thermostat

A smart home thermostat like the Nest Learning Thermostat allows you to sync your home devices and save money doing it. These devices immediately save 10 to 15 percent on your energy bills. They are self-learning, and adjust according to your preferences over time. You can also program them from anywhere, keeping your heat or cooling off, and turning it on prior to arriving home. Like your LED bulbs, these devices will also sync with your Google Home or Alexa.

Review Your Cable TV Service

Your cable package will likely allow for some wiggle room. The “fear of missing out” usually nudges us up a tier for most of the products and services we want or need, so the next tier down might be the right fit for you. Not sure? Try it out to evaluate which shows you’re really watching. Cable companies would be happy to upgrade your service again if you aren't happy, and you may even get a promotional offer. Taking it a step further, ask yourself if what you're watching is available on a streaming service like Netflix or Hulu. These services cost under $10 a month, saving you hundreds in cable or satellite bills.

Take a Closer Look at All Your Bills

Chances are, you are not saving what you could with your routine bills either. These larger companies offer deals for new accounts, loyalty customers, or for damage control purposes. In other words, they can afford it. Package services like cable and satellite, Internet, or phone service often give you an introductory rate, raising it after six months to a year. These prices are not due to inflation, and can be negotiated. Typically no one does. Call competing companies and then call your internet, cable, or cell phone provider to see what you can save.

Invest in a Water Service

If you’re not using your tap, the easy answer is a Brita filter. You can keep a pitcher in your refrigerator, or attach the filter straight to your faucet. If you prefer the taste of a bottled water company, invest in a water cooler – that’s right, like the one at your office. These coolers are delivered and installed by professionals from your favorite water provider, and can actually be cheaper than buying and wasting countless plastic bottles. You can sign up for a subscription service, and never buy another bottle again.

Open a Pinterest Account

DIY is trending! Start a Pinterest board and discover all the unique and savvy ways you can renovate your home. Beautify your bathroom with simple tricks, organize your kitchen, create projects for the kids, or get your living room to look like a catalogue overnight. You’ll be surprised at how many ideas you can find that are inexpensive and easy. Need a hand? There are YouTube how-to's for just about everything!

To Sum it Up

Whether you are trying to build a garden, need a bathroom makeover, or looking for new ways to keep your life organized, these tasks can be costly. Simple choices can save you money and change your life. If your goals are a bit more advanced than a cleaning and craft party or a few smart electronics, you might be looking at greater home renovation. Check out a Home Equity Line of Credit from
BMI Federal Credit Union. Earn $250 with a HELOC and put that Spring motivation to work!