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Lending Club Blog

Posted by Mike Smith :: April 17, 2009 @ 6:07 am

We all know that doing work ourselves is less expensive than paying someone else to do it. But our time is also valuable, so we must often consider more than just the actual dollars saved. From the list of 50 Nifty Tricks for Big DIY Savings, I took the ones that cost nothing and require very little time on your part. Just implementing the few tips here could save you over $900 within the first year:

  • Trim dryer vent hoses to the shortest practical length
  • Keep closet doors closed to reduce heating and cooling costs
  • Turn down the thermostat on your water heater
  • Use your microwave instead of your range to cut energy use in half
  • Set your computer to go into power saving mode after short periods of inactivity
  • Skip extended warranties
  • Comparison shop online
  • Raise your homeowner’s insurance deductible
  • Get rid of your extra refrigerator if it’s old and inefficient
  • Request a free tree from your local public works department

    The full list has many other useful tips that will cost some money up front but save more later. An example is to buy a deluxe battery recharging station and stop using disposable batteries. Even small costs add up over time, so finding a way to reduce or eliminate them is a smart thing to do.

    Owning a home can be a wonderful experience, but it can also get expensive in a hurry. Doing everything possible to keep costs down will help to make home ownership a positive experience.

    What DIY tips do you have to share?

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