Surprise, surprise! How much can you save at home?
You already know that you can save money by skipping your daily latte, adjusting the thermostat and packing your lunch. But how savings-savvy are you about other surprising ways to cut your expenses at home? Take this budget-friendly quiz to find out!
True or false: Many electrical appliances consume energy (and run up your electric bill) even when you turn them off.
How much can you save on your electric bill by unplugging appliances like computers, TVs and phone chargers when they are not in use?
5 to 10 percent
How much can you expect to save on your energy costs by lowering the temperature on your hot water heater from 140 degrees to 120 degrees?
6 to 10 percent
10 to 20 percent
more than 25 percent
True or false: Many utility companies offer free energy audits to help you make your home more efficient.
When you sign up for an A/C savings program with your electric company, how does the utility provider control your air conditioning unit?
Power company employees come to your home weekly to adjust your outdoor A/C unit.
Power company employees monitor your thermostat via Webcam.
The power company sends a radio signal to a small switch on your outdoor A/C unit.
If you sign up for an A/C savings program, for how long (and how frequently) will your air conditioning be powered down?
around 15 minutes each hour
about three days per week
about one weekend a month
How much can you expect to save by participating in your electricity provider's A/C savings program?
about $25 per year
around $50 per year
between $120 and $200 per year
True or false: If you are moving into a new-construction home, be sure to purchase a third-party home warranty to protect against unexpected expenses.
How much does the average homeowner spend per year to repair home systems and appliances?
What is the cost of a typical home warranty?
$100 to $200 per year
$300 to $500 per year
$750 to $900 per year
True or false: If you sign up for a DIY workshop at your local hardware store or home improvement center, you'll often receive complimentary tools and supplies to take home with you.
True or false: You should always pay down the principal on your mortgage as fast as you possibly can.
What's one easy way to pay down the principal on your mortgage?
Divide your normal mortgage payment by 12, then add that amount to each regular monthly payment throughout the year.
Keep pocket change in a container on your desk, then ship it to the mortgage company when it fills up.
Save up until you have a lump sum payment of at least $4,000.
When does it make sense to pay off credit cards instead of paying down the principal on your mortgage?
when your mortgage interest is higher than your credit cards
when the interest on your credit cards is higher than your mortgage rate
when the minimum payment on your credit card is lower than your mortgage
How much can you save per year by placing a weighted plastic bottle in each of your toilet tanks?
What is the cost of an average fast-food meal for a family of four?
True or false: A programmable thermostat will pay for itself in less than a year.
Which uses more gas, driving with the windows down, or driving with the air conditioning on?
True or false: Your outdoor plantings have an affect on your home's energy bills.
How much can you save in energy costs by replacing an outdated air conditioning unit with a newer Energy Star qualified model?