Owning a home is expensive. This is something that we hear all the time, and it is true. However, renting is also an extremely expensive endeavor. While renting normally means that you don’t have to pay taxes, this is sometimes the only thing that doesn’t need to be paid. While some people may get lucky that they only pay for electricity and any extra options such as internet or cable, others are required to pay for every utility including sewer and garbage disposal. This, of course, is on top of rent costs. So what can you do to help save some money when you are renting?
One of the best things to look into are the energy efficient options for different items in your home. Every little bit can help, even changing out your lightbulbs to more energy efficient options such as LED or CFL bulbs. Although these cost a little more up front, they last much longer and use less electricity over the years. Always check on the packaging to see what the estimated usage costs will be when deciding on what lightbulbs to buy.
Replacing some old appliances may be a worthwhile investment as well. If you are in a location that you have been for a long time or that you plan to stay in for years to come, you may want to talk with your landlord about updating some of the large appliances when they start to show signs of aging. Things like washers and dishwashers are especially important when trying to save some money. Even refrigerators can take a lot of money to run over the years, so compare newer ones and their estimated costs to run next time you are out and see what ones you might like the most. You might be surprised at how much more you are spending for electricity and water than you need to with newer machines.
The final option you can use for a lot of your devices are surge protectors and power strips. If there are some appliances or electric devices that you don’t always use, try plugging them into a strip that can turn off when you’re not in the room. It may seem simple, but the difference can mean a lot when you see that electric bill at the end of the month. Check for other small upgrades, they can save you a lot of money!