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7 Ways to Save Money in Your New Home

Buying a home is one of the largest (and most expensive) investments you’ll ever make. When you finally take the plunge, it makes sense you’ll want to save money while you get used to homeownership. Here are 7 tips for pinching pennies in those first few months:

  • Get a home warranty

    - One of the best ways to save money in your new home is to have an HSA Home Warranty. This warranty provides valuable coverage to the mechanical systems and many appliances in your home. Just one service request could save you hundreds – even thousands – in repair and replacement costs. When a covered system or appliance breaks down, you just contact HSA to report the problem, and we’ll provide a pre-screened and qualified service provider to help you.

  • DIY home décor

    - Now that you’re in your new home, chances are you’re itching to furnish it from top to bottom. If you don’t have enough in your budget to do that, you can create one-of-a-kind pieces yourself! You can make anything from a new night stand, to wall decorations, organizers and more. Head over to the HSA Pinterest page for some inspiration and step by step guides.

  • Clean with vinegar

    - Why spend money on 10 different cleaners when you can use something just as effective and only spend pennies on the dollar? Martha Stewart says mixing equal parts water and vinegar will disinfect floors and bathrooms, and clean glass without leaving streaks. It’s also nontoxic, and safe to use around kids and pets. And don’t worry—the scent will leave as soon as the space is dry. 

  • Run appliances at night

    - Check your electric bill to see if the company charges different rates for on-peak and off-peak hours. If they do, you could save money by using large appliances at night (during off-peak hours). You can often save a lot by changing your laundry and dishwasher routines, because these appliances use a lot of water and electricity per cycle.

  • Pay your property taxes yourself

    - According to the folks at This Old House, paying your properties taxes yourself can earn you a little extra money. Generally, your mortgage lender will include future property taxes into your monthly mortgage payments. By putting your own money into an FDIC-insured savings account, you can earn interest on this money when it’s set aside. This also lets you pay on your own schedule! 

  • Shorten dryer vent hose

    - By cleaning out your dryer vent hose and shortening it, you could save up to $25/year, plus your clothes will dry 20% faster. A short and unobstructed line will help your dryer run more efficiently. Just make sure you can still pull your dryer out a few feet from the wall, for maintenance and repairs.

  • Buy off season

    - The best time to buy bigger items for your home is right after they are in peak demand. This means buy next year’s winter decorations in January or February, and stock up on sweaters and coats in the summer. Stores are constantly trying to move old merchandise, and you’ll likely get it for a lot less.


Do you have better ideas for how to save money in your new home? Head to our Facebook page and let us know!

Save Money in Your New Home

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