Resolution to Spend Less in the New Year? These Changes Can Save You Money

Are you wondering how you can finally keep that resolution to reduce your spending? You’re not alone. In fact, saving money was tied as the No. 1 resolution in 2018. Whether we need to pay down debt, save for a vacation, or put more towards retirement, the need for extra cash is real among Americans.

But no fear — you won’t have to skip your favorite Choco-Mocha latte every morning; simple upgrades to your home security can save you some money in 2019 and every year after.

So drink up, and read on to see how you can make your home work for you.

Lower your energy consumption

The majority of a utility bill goes to heating and cooling a home, so it’s no wonder some would rather bundle up than turn up the heat.

By equipping your home with a smart thermostat such as the Nest Learning Thermostat, you don’t have to worry about accidentally heating and cooling your home when no one is around, saving energy for the times you are home. This simple upgrade has shown to save homeowners an average of $180 a year.

Prevent a small problem from becoming a disaster

Nothing’s worse than stepping foot on your carpet to find that it’s soaking wet. Whether it’s a septic tank issue or faulty plumbing, a backup in your sewer system can cause serious damage to a home. And if your home insurance doesn’t automatically provide coverage for sewer backups, you could be liable for thousands of dollars out of pocket.

Placing a flood sensor in trouble areas can keep you ahead of the game, potentially saving a lot of headache and money.

Discounts and rebates

You don’t have to wait to start saving — companies are starting to recognize the importance of equipping a home with smart devices, and many will reward you for it.

Nest Labs has partnered with energy providers across the nation to offer rebates for replacing your old thermostat. In some areas, the rebate will cover the majority of the cost of the Nest Learning Thermostat. Combined with the energy savings, this upgrade is truly a no-brainer.

Insurance companies have hopped on board too. They don’t only reward those with home security systems; you may also be eligible for discounts by bundling your home security system with updated carbon monoxide and smoke detectors. Homes equipped with these devices have fewer claims filed, which means not only are you saving on your premium and deductible, you’re better protecting your household. 

That’s enough to help anyone sleep more soundly.

So go ahead and feel confident in making a resolution to save money this year. Your home security will have you covered and saving money in no time.