Sometimes the frugal thing to do is spend money. The key is to weigh whether spending in the short term will mean saving in the long term. This is especially true when it comes to your home. If you’re going to spend hundreds of dollars a month on a mortgage and other home related expenses, you should also invest in small things that will improve and preserve your house.
If you live in a colder climate, insulated drapes are a wise investment. I don’t know about you, but I really notice the cold around my windows in the wintertime. I know my windows are weatherproofed, but the glass still lets in the cold air.
Insulated drapes keep cold air from entering the room through the windows, making for a more comfortable house and a less expensive heating bill.
I learned a little bit about stainless steel washing machine hoses from my old landlord. He required us to use them, as his experience was that rubber washing machine hoses tend to burst when nobody is home.
Stainless steel hoses are inexpensive, and they’re much less likely to burst than their rubber counterparts. Think about it. Would you rather spend $15 for stainless steel hoses, or would you rather deal with the aftermath of a burst rubber hose?
Ask me how I know about this one. One day several years ago, I was heating up some oil, and I got distracted. In the few seconds I was distracted, my frying pan burst into flames. Talk about scary! The worst part? I didn’t have a fire extinguisher. We had had one in previous years, but it had gotten old, and we never replaced it.
Fortunately I did manage to get the fire out by smothering it, but the result of that cooking disaster could have been horrific. A good fire extinguisher can put out a small fire quickly, before it has the chance to grow and destroy your house.
Obviously this list of wise investments for the home could be a lot longer, but this will get you thinking. What investments have you made in your home that you can recommend to others?
Photo by james.thompson.
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I'm just an average mom, trying to live a frugal life and get out of debt. I write about things that have (and haven't) worked to improve my family's financial situation. What works for me may or may not work for you, and you should always consult a financial advisor before making important financial decisions.
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