Living room by TATO DESIGN:タトデザイン株式会社

9 money-saving tricks for small homes

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Does the arrival of your quarterly utility bill induce a minor breakdown and anxiety headache?  Do you want to save money around the home? If any of these things are true, you might want to consider some money-saving tips, perfect for living comfortably yet frugally. Whether you are a family, couple or single, reducing your spending can help relieve stress, and promote saving.

Today on homify we will be focusing on small and compact homes, bringing you 9 tips and tricks that are sure to reduce your overall expenditure. If you live in a tiny abode, read on below to learn more, and say goodbye to money wastage and financial excess!

1. Purchase appliances and accessories that multitask

When you live in a small home or apartment, you likely lack space and room for bulky items. Instead of purchasing a multitude of different appliances for your kitchen, look for multitasking pieces that can do more than one job, such as an all-in-one food processor and mixer etc.

2. Ditch your dryer

Downtown White on White Apartment:  Kitchen by Andrew Mikhael Architect
Andrew Mikhael Architect

Downtown White on White Apartment

Andrew Mikhael Architect

Dryers can be handy for those last-minute drying needs, but for the most part, you can dry your clothes and linen on a drying rack. This saves money, and reduces your energy usage.

3. Install energy-efficient bulbs

Switch those energy-guzzling incandescent bulbs for LEDs and transform your home from energy-waster into energy-saver. If you need assistance in picking the right lighting, chat to a professional via the homify website, and get started immediately!

4. Stay in and entertain at home

Instead of spending money eating out at restaurants, or meeting friends at that fancy new bar downtown, have your dinners and parties at home. You will not only save money, but you'll pick up some tips to host a fabulous party or event along the way. 

5. Go digital with your books and music

Instead of filling your home with an array of books, CDs, DVDs and other media accessories, go digital and save yourself some space. It may seem expensive signing up to Netflix or another streaming service, but you will save a huge amount of money in the long run, as well as freeing up your shelf space. 

6. Audit your items regularly

 Living room by Allnatura
Allnatura

Regalwürfel-System Basella

Allnatura

Take some time to regularly remove and audit household items you no longer need. Sell or donate your unneeded odds and ends, and make a little extra pocket change, or help our your local community centre. 

7. Cut down on air-conditioner usage

Your air-conditioner is a huge energy-waster and contributes the largest expense to your quarterly electricity bill. Although Singapore is unquestionably a humid, hot and air-conditioner-necessary city, you can try using fans in the evening, and opening doors when there is a cool breeze blowing. 

8. Don't over-buy household and domestic items

Over-buying is a huge problem in most households, and can be particularly detrimental to small homes where space is limited. Think twice before you purchase, and save yourself some money. 

9. Install water-saving fittings

Instead of spending a huge amount on your water bill, invest in some water-saving fittings for your bathroom and kitchen, and save yourself some cash. Additionally, cut back on long showers, help the environment, and again reduce your household water usage. 

Did you like that Ideabook, and would like to learn more about interior design? We think you'll enjoy: The modern city apartment you'll love

9. Install water-saving fittings

Instead of spending a huge amount on your water bill, invest in some water-saving fittings for your bathroom and kitchen, and save yourself some cash. Additionally, cut back on long showers, help the environment, and again reduce your household water usage. 

Did you like that Ideabook, and would like to learn more about interior design? We think you'll enjoy: The modern city apartment you'll love

Do you have any additional money-saving tips for our homify community?
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