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Ways to Save Money at Home

By Enoch Omololu


With families facing higher monthly bills and increasing home prices, it can be tricky to balance your budget—while also making changes to help the environment. But these tips can help you do both: Trim your household bills and cut energy consumption at the same time.

Reduce your water bill

Use less water by opting for shorter showers, turning off the tap when brushing your teeth and running full loads in the dishwasher.

Replace wasteful incandescent lighting

Use LED or compact fluorescent (CFL) bulbs. They’ll cost more upfront, but last longer and use less energy. LED bulbs use 75% less energy and last as long as 20 years, while CFL bulbs use up to 35% less energy.

Use a smart power strip

Smart strips turn off the electricity supply to appliances not in use. They are smarter and more energy-efficient than regular power bars. 

Seal your home

Cut your energy consumption by up to 25% by using proper weather-stripping and caulking around windows and doors. 

Mind the trap

A dryer can lose 75% of its efficiency if lint clogs the trap. Clean it after every use to save on the annual operating cost.


There’s no getting around some of your monthly obligations. Whether it’s for your home or car, insurance takes up a sizeable chunk of payments every 31 days. But there are ways to make them less of a hardship.

Use your AMA membership

Members save on home policies with AMA Insurance.

Pay premiums upfront

Save an administrative fee by paying annually instead of monthly with many insurance companies.

Bundle up

Get a discount by purchasing both auto and property coverage with AMA Insurance. You can also score a multi-vehicle discount.

Go green

AMA Insurance offers a green discount for hybrid or electric vehicles.

See how to save money while you’re spending money.


Smarter spending can be even more fun than budget busting. As Suchot Sunday of TheCuriousFrugal.com in Winnipeg explains, “in a high-inflation environment, kids can learn about saving up for a special toy or game they want.” She suggests using a three-point money jar instead of a typical piggy bank. “The jars have different slots for save, spend and give. It teaches children about money management in a more holistic way.” Here are her other tips for fun frugality.

Plant a garden at home

You can grow organic vegetables this way, while saving money. Gardening is also a great activity for kids, who will learn how to garden and have fun doing so. 

Sign up for birthday freebies

Some companies give out free stuff or coupons during your birthday month: Sephora offers a bundle of cosmetics and you can get free frings at Harvey’s.

Buy quality items

Name-brand items like clothes, shoes and bags may be more expensive, but you could save more when you don’t have to replace them quickly. 

Avoid impulse buying

If it’s not an emergency purchase, wait 24 hours or more before making a move. “The act of pausing and waiting before you buy can deflate some of the desire to spend money on something new,” Suchot says.


This is for those who want to see their money make money. With so much confusion behind investments and savings, here’s a bit of clarity behind some of your best options to navigate these murky financial waters.

Ditch the fees

Sign up for credit cards and chequing accounts that don’t have annual or monthly fees.

Use cashback or rewards credit cards

Virtually every bank has a cashback or travel rewards credit card. Consider applying for one that will help you save the most money or put points towards a vacation.

Open a high-interest savings account

These accounts generally pay up to 100 times the interest rates on a traditional savings account. They are usually offered by online banks.

Set up automatic payments

You won’t forget to pay your bills on time. Also consider paying up credit card balances before their due date to avoid interest costs.

Track your expenses

Maintain a budget that tracks monthly expenses and income. You’ll see how much you spend per month and what you can cut back on.

Use cash

If you tend to overspend when using credit cards, consider limiting yourself to cash or use a cash envelope: Set aside money for each buying category; when it’s used up, you’re done spending for the month.