Savings in the home - Practical tips

Savings in the home is a topic that is undoubtedly of interest to everyone. If you don't have enough money for everyday living, then think about where you could save. Believe it or not, there really is room for anyone to save. You can see that family financial plan. If you are wondering where exactly to save, we will tell you.

• Loans and money management
• Heating
• Hot water
• Domestic appliances

In the following lines we will discuss each topic in more detail and bring you lots of practical tips for saving money at home. As a result, you will see that saving money is not that difficult.

Don't pay more than you have to for financial services

First and foremost, aim to use advantageous banking and non-banking products. Whatever financial product you choose, never take the first offer available. Always make a practical comparison, which allows you to use a number of comparison sites focused on specific topics.

Subject	Value
Bank accounts	Free management
Payment by card	Refund for purchase
Provision of credit	No fee
Choosing a loan	Product Comparison

Today's financial market offers a lot of solutions with the management of a given service for free. For example, if you go for a mortgage loan, don't be afraid to ask for a better interest rate. And if you don't succeed, go to another bank. There are more than enough providers and the savings in the home can be noticeable.

Household Savings - Credit Card

If you want to save money, a credit card can become your handy helper during shopping. You will benefit from its benefits. These include discounts at selected retailers, refunding part of the money from a completed purchase, etc.

For credit cards, make sure you get your borrowed money back. Don't miss the interest-free period, which can make a credit card much more expensive.

Mike S., financial advisor.

Yes, the credit card is a good servant. However, if handled improperly, it can also become an evil master. So learn to use it correctly and effectively. That's the only way to achieve the savings you want.

Savings in the home - Heating

You can use the savings in your home regarding interior heating as a stepping stone. You may not realise it, but simply lowering the temperature in the room by one degree can save an ordinary family hundreds of crowns a year. And what are the optimum temperatures in specific rooms?

Room	Ideal temperature
Bedrooms	16 to 18 °C
Bathroom	20 to 24 °C
Children's room	18 to 20 °C
Living room	18 to 20 °C
Corridor	14 to 17 °C

If you don't stay in a room for a long time, turn off the heating. The key is to just temper the heat in the room to prevent the formation of unwanted mould.

Tips related to heating

Lowering the temperature alone is not the only way to save money in the home. You can also achieve the desired result with the help of other actions. For heating use the sun, for example, and don't draw the curtains in front of it. We can certainly continue in a similar vein.

• Vent the radiators
• Ventilate properly
• Make sure the windows are sealed

Regular maintenance of the heating system is also a prerequisite for adequate savings. And it doesn't matter whether you heat with a gas or electric boiler. Fireplaces and full-sized fireplaces are no exception. That particular piece of equipment needs to be in good shape to keep operating costs as low as possible.

Household savings related to hot water

Of course, you can also save money on hot water. Just replace the fully-filled bathtub with a a short shower that uses significantly less water. Learn to wash dishes in a sink full of water, not under running water.

The correct temperature setting of the boiler or water heater also plays a role in the savings in the home. The ideal temperature is between 50 and 60 °C.

Karl M., technician.

Think that water heated by electricity will probably cost you the most. Even subtle drips from the taps will have an adverse effect on the final bill. So remove it as soon as possible. If you have a family home, learn to catch rainwater in barrels and tanks. Then use it to water your garden, not the mains.

Savings in the home - Electricity

The next chapter on household savings will focus on electricity and things related to electricity itself. A typical example is the use of a refrigerator. This should not be placed near a radiator in a proper way, as this increases the cost of running it. You can also save money when washing dishes in the dishwasher.

• Lower the water temperature in the dishwasher
• Only switch on the dishwasher when it is full
• Do not pre-wash dishes

Learn also turn off appliances and do not leave them in standby mode. By the way, a dishwasher, television and many others can also fall into this group. You might wonder how much money appliances in this mode cost you annually.

Learn good cooking habits

Savings in the home also come while preparing delicious food for you and the family. Whether you go for traditional stovetop cooking or bake in the oven, there are a few tips that will save you money. For example, use a lid when cooking. And the list goes on.

Subject	Value
Electric cooker	Switch off before boiling
Small portions	Heat in the microwave
Longer cooking	Use the pressure cooker
Baking	Turn off the oven in advance

If you use several appliances in one room that you do not want to have on standby, connect them all to an extension cord with a switch. You can then simply switch it off each evening.

Save on lighting

We can also mention other household savings. A typical example is turning off lights and lamps. Don't leave the lights on in rooms where you are not present and don't spend extended periods of time. At the same time invest in replacing old light bulbs with modern and high quality LEDs light bulbs. These offer significantly lower consumption for the same light output.

Sometimes it's better to replace the air conditioning with new blinds and get used to different habits. Air conditioning uses a lot of electricity in a year.

Jacob S., electrical engineer.

Instead of air conditioning, learn not to open the windows during the day in summer and close the blinds. Instead, ventilate during the night when temperatures are lower. After all, it shouldn't be many degrees cooler inside your home than outside, as this is not good for your health.

Other household savings

The advice and tips presented above can be seen as an imaginary stepping stone for savings in the home. There are many other directions and areas to continue. If you are worried about high electricity bills, let's get into changes of electricity supplier and provider. Thanks to the large number of suppliers you have the opportunity to save. In addition, you should not only look at the current savings, but also at the medium- and long-term savings. If your finances allow, plan to insulate your property, replace windows, find a suitable heat source and so on.

Frequently asked questions and answers

As you can correctly guess, home savings is a vast topic. There are plenty of other tips, which we will now introduce you to in the questions and answers below. You may just find the savings options that suit you best here.

Household savings within reach

Change your daily habits and adopt some of the household savings tips presented above. You can see for yourself that saving money will not be difficult in the long run. As you can see, it is possible to save money in many areas of everyday life.