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25 Money-Saving Household Habits

Brian Campbell
Wednesday, January 31, 2024
25 Money-Saving Household Habits

Your house gives you so much: security, pride, shelter. With all that on the line, it’s easy to assume the costs of keeping it up just are what they are. But wait. There are plenty of expenses that are simply a waste. Here’s how to save money each month without putting a dime of home value at risk.

#1 Clean Your Lightbulbs

What? Who does that? Well, smart people (those who know shrewd, easy ways to save money). A dirty bulb emits 30% less light than a clean one. Dust off both the bulb and fixture, and you might be able to cut back on the number or brightness of lights in each room without noticing any difference.

#2 Keep Your Fridge Full

Solid items snuggled together retain the cold better than air and help keep one another cold — requiring less energy overall. Leaving town for awhile and fridge is empty? Fill voids in the fridge or freezer with water bottles.

#3 Switch Your Bulbs to LEDs

The average light-emitting diode, LED, light bulb used five hours a day can save $10 to $20 in energy costs vs. an incandescent bulb. If you replace just five of your most-used incandescent bulbs, your savings will add up.

And LEDs last 15 to 20 times longer than incandescents, so you won’t have to replace them nearly as often.

#4 Use Power Strips

Here’s how to save money — a lot of it — on bills. Appliances like coffee makers, TVs, and computers continue to suck power even when they’re off, which can add 20% to your monthly utility bill and increase the average household’s annual electric bill by $100 to $200. And did you know the AC adapter for your laptop keeps drawing power even if the laptop isn’t plugged in? Stop this slow money burn by connecting them to an easy-to-switch-off power strip.

#5 Use a Toaster Oven When Possible

Toaster ovens use roughly one-third the electricity used by a full-size electric oven.

#6 Set Your Water Heater to 120 Degrees

Hot water heaters often come with a factory setting that’s higher than you need. You’ll cool your water heating costs by 3% to 5% every time you lower the temperature setting by 10 degrees.

#7 Insulate Your Water Heater

For about $30, an insulating jacket or blanket can shave 7% to 16% off your water heating costs for the year. Just make sure to follow the manufacturer’s directions to avoid creating a fire hazard.

#8 Wash Clothes in Cold Water

Just switching from hot to warm water will cut every load’s energy use in half, and you’ll reap even more savings taking the temp down to cold. And don’t worry: Your clothes will get just as clean from cold water, thanks to the efficiency of today’s detergents (except in the case of sickness, when you’ll want hot water and bleach).

#9 Use the Right Dryer Cycle

If you’re using a high heat setting for each load, you could be using more energy than you need. Almost all fabrics can be dried with a lower heat setting, such as the permanent press setting. It uses less energy and has the bonus of extending the life of your fabrics. Save the higher heat for items such as sheets and towels.

#10 Use Homemade Cleaners

Many commercial products rely on baking soda or vinegar for their cleaning power, so why not make your own? Odds are, you likely have a lot of the ingredients sitting in your cabinets or pantry right now.

#11 Cut Back on Laundry Detergent

Never mind the barely visible measurement lines in the cap: You typically need only a tablespoon of detergent. And, clothes actually get cleaner when you use less, because there’s no soap residue left behind.

#12 Ditch Disposable Sweeper and Mop Head

Stop throwing money away every time you clean! Refill your Swiffer Sweeper with microfiber cloths. Just cut to size and use them dry for dusting or with a little water and floor cleaner for mopping. Or switch to a microfiber mop with a washable head.

#13 Stop Buying Dryer Sheets

Another easy swap? Give up your dryer-sheet habit (about $10 for 240 loads) in favor of wool dryer balls (about $11 for four, which can last for up to 1,000 loads each). Of course, depending on your laundry preferences, you can always just go without either.

#14 Cut Scouring Pads in Half

Most clean-ups don’t require a full one.

#15 Don’t Rinse Dishes

Two minutes of rinsing with the faucet on full-power will consume five gallons of water — the same amount efficient dishwashers use during an entire cycle. Shocking, right? And it’s an unnecessary step, since most newer models are equipped to remove even stubborn food debris. Just be sure to clean the dishwasher trap regularly to keep your dishwasher running efficiently.

#16 Keep a Pitcher of Water in the Fridge

You won’t have to waste time and money running the faucet, waiting for it to get cold enough for a refreshing sip.

#17 Set a Timer for the Shower

The average American takes an eight-minute shower and uses about 16 gallons of water. It’s easy to linger, so set a timer for five minutes. Or try this more entertaining idea: Time your shower to a song or podcast segment.

#18 Install Low-Flow Fixtures

By installing a just one low-flow showerhead, the average U.S. household can save about 2,700 gallons of water every year and decrease home water consumption by 40% or more.

#19 Replace Your Old Water-Hogging Toilet

The U.S. Environmental Protection Agency says that by replacing old, inefficient toilets with WaterSense-labeled models, the average family can reduce water used for toilets by 20% to 60% — nearly 13,000 gallons of water savings per year. (WaterSense-labeled toilets are independently certified to meet criteria for both performance and efficiency, according to the EPA.) They could also save more than $140 per year in water costs.

#20 Close Closet Doors

Each closet and pantry may hold a paltry amount of square footage, but you’re still heating and cooling it. Add up all the storage space, and you’ve got the equivalent of a small room. Shut the doors to keep the conditioned air out.

#21 Program the Thermostat

You can save as much as 10% a year on heating and cooling by simply turning your thermostat back seven degrees to 10 degrees Fahrenheit from its normal setting for eight hours a day. You can easily save energy in the winter by setting the thermostat to around 68 degrees while you’re awake and setting it lower while you’re asleep.

#22 Don’t Crank the Thermostat Up or Down Too Far

A common misconception is that a furnace works harder than normal to warm a space back to a comfortable temperature after the thermostat has been set back, resulting in little or no savings, says Energy.gov. In fact, as soon as your house drops below its normal temperature, it will lose energy to the surrounding environment more slowly. Avoid setting your thermostat at a colder setting than normal when you turn on your air conditioner. It won’t cool your home any faster and could result in excessive cooling and unnecessary expense.

#23 Use Fans Year-Round

Ceiling fans can reduce your summer cooling costs and even reduce winter heating bills — but only if used correctly. Flip the switch on the base to make the blades rotate counterclockwise for a cooling effect or clockwise to help distribute heat in the winter. And in the warmer months, an attic or whole-house fan can suck hot air out and help distribute cooler air so you can give the AC a little break.

#24 Caulk or Weatherstrip Around Doors and Windows

Caulk may not have the charisma of something like solar panels, but using it to seal air leaks around doors and windows will deliver immediate savings. You’ll spend $3 to $30 and save 10% to 20% on energy bills.

For gaps between moving parts that can’t be caulked, add weatherstripping.

#25 Add Insulation

By sealing air leaks and installing the right insulation in places like attics, crawl spaces, and basements, homeowners can save an average of 10% on heating and cooling.


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