It’s usually much more convenient to opt for the very first provider we find for our home loan or electricity. However, shopping around is critical if you want to save more money on your ongoing expenses, especially as household services probably comprise of a large proportion of total expenditure in your home. Shopping around, as well as making simple lifestyle changes, can help you save thousands of dollars over the course of a year.
Utilities, Home Phone and Internet
Energy is one of the larger expense items for the average household. Comparing energy suppliers, shopping around for discounts and specials, and switching when you find a better rate does not necessarily take up a lot of time. The time commitment you make toward researching and finding a better provider can be outweighed by the cost savings you make on energy.
Consider conserving energy, generating your own power or joining one of the growing consumer networks to bargain for a better deal. You can also shop around for better gas and water suppliers and deals by doing a bit of research and comparison on the Internet.
With the numerous providers out there, most households with Internet services probably do a good deal of comparison and research before committing to a provider. Having your services bundled could also lead to eligibility for better deals or rates for your mobile phone, home phone and Internet.
You could, for example, bundle pay TV with broadband, home line rental and mobile phone for a cheaper overall price than you would pay if you purchased these services separately.
Home loans tend to be fairly permanent arrangements. Although, from time to time, homeowners do opt to refinance; home loanrefinancing can bring excellent savings benefits. However, it tends to be a slightly more complicated process when compared with changing or switching an electricity provider. There may be major advantages in refinancing, depending on your current situation and financial goals.
Of course, if you’re buying a house for the first time, shopping around for a mortgage won’t be a problem. The key thing in this situation is to take time and investigate the different options and terms for different mortgages.
Plumbing and Electrical Work
Plumbing and electrical work are rarely ongoing expenses but,occasionally, you might find that your home needs plumbing repairs, electrical installations or some other maintenance work. Trades service rates can vary significantly from provider to provider, so shopping around in this case is also a must.
Cleaning and Other Maintenance
For busy professionals and other time-short homeowners, cleaning and garden maintenance services can be another ongoing household expenditure item. Other than shopping around and obtaining quotes from a number of different providers, homeowners can try to negotiate a better rate for their cleaning services, gardening work or other ongoing household work.
While groceries aren’t strictly a household service, it’s worth mentioning groceries here, as they can represent a major expense for the home. Buying in bulk, signing up for special memberships at specialist stores and buying with coupons are all simple ways you can save more on your weekly grocery bill.