This Easy Investment Can Give You Returns Up to 200% Per Year

FavoriteLoadingAdd to favorites

Does an investment that returns up to 200% per year seems too good to be true? Well, it is true, but it’s not what you expect. It’s not some mutual fund or high-risk scheme. It’s an investment in a couple upgrades in your home that can more than double your money in energy savings.

You can literally make low-cost improvements that will reduce your utilities by hundreds of dollars each year. I bet this is a better return on your money spent than any other investment you might have. Plus, you don’t have to pay taxes on your the profit since it’s in the form of cost savings.

Top 5 Money Saving Improvements

1. Improvement: Install Programmable Thermostat
This helps you by automatically changing the temperature during certain hours to be more efficient and save you money on your electricity.
Time Involved: 30 minutes
Cost Range: $30 to $60
Difficulty Level: Medium
Savings: Up to $180 per year Consumer Reports
Return on Investment: Up to 300% return the first year

2. Improvement: Insulate Your Water Heater
Time Involved: 1 Hour
Cost Range: $28 at Home Depot
Difficulty Level: Super Easy
Savings: saves $20 to $45 annually
Return on Investment: 67% to 225% the first year

3. Improvement: Replace all light bulbs with LED bulb.
Don’t switch to CFLs (compact fluorescent light bulbs) because they are less efficient and are hazardous to people if they break. So stick with LEDs. They are safer and they last for about 10 years.
Time Involved: How long does it take a person to change a light bulb?
Cost Range: You can usually get 1 box free (15 bulbs) from your electric company. For the rest of the bulbs you need, they only cost $2 per bulb at the Home Depot.
Difficulty Level: Super Easy
Savings: About $1.30 electricity savings per bulb per year. 25 bulbs in your house could save you $32.50 per year.
Return on Investment: If you get 15 free and purchase 10, ROA is 160% the first year.

4. Improvement: Insulate Your Attic. Upgrading your attic insulation is easy enough to do on your own for half the cost of a professional. You can get information at your local home store on how to do this, or go to YouTube for video instruction.
Time Involved: 1 day
Cost Range: About $750
Difficulty Level: Medium
Savings: Up to $600 per year
Return on Investment:  80% return in the first year. The remaining 20% during the 2nd year.

5. Improvement: Seal the Leaks Go around your house and check door frames, windows, and points of entry for pipes and cables. Then seal the holes with caulking and peel-and-paste insulating strips.
Time Involved: a few hours
Cost Range:  Between $100 to $150 for the average home depending on how many leaks you have.
Difficulty Level: Medium
Savings: Energy Star claims it will reduce energy cost by 12% to 20% per year or $240 to $480 per year.
Return on Investment: Up to 320% return the first year.

The years following all these fixes will continue to yield cost savings without any spending. You can’t get returns like this in the stock market!

All the above numbers are based on a scenario where you do all the home improvements yourself. It will usually cost at least double the amount if you hire someone else to do it. You might not know how to do all these improvements yourself, but there are free videos on YouTube that can teach you how.

How You Use Your Energy

The average energy consumer spends over $2000 per year on their electricity bill, using between 700 to 1000 kWh of energy per month. So cutting back costs are essential to managing your money properly. Knowing where you are spending the money can help you identify where to cut back. In a typical home, these are the things that use the energy you are paying for:

  • Heating and Cooling 58%
  • Water Heating 19%
  • Refrigeration 12%
  • Appliances and Lights 11%

For other ideas to reduce your living expenses, see this post. Or download The Modern Mom’s EPIC Guide to Easy Budgeting. You can download it below. The Modern Mom’s EPIC Guide to Easy Budgeting: 28 Page Workbook with 87 ideas to reduce expenses, 14 beautiful worksheets, 7 bonus lessons, and full, easy-to-follow instructions. 

 

Get Your Free Copy Today!

Easy_budgeting2

The Modern Mom’s EPIC Guide to Easy Budgeting! 28 Page Workbook with 87 ideas to reduce expenses, 14 beautiful worksheets, 7 bonus lessons, and full, easy-to-follow instructions. Includes top advice from a professional accountant and university instructor.

Powered by ConvertKit

22 Comments

  • Reply
    Rena
    July 17, 2017 at 1:24 pm

    Yes, I have done these things.

    • Reply
      Julie
      July 19, 2017 at 1:51 pm

      Great!

  • Reply
    Casey Garvey
    July 17, 2017 at 1:36 pm

    Never knew you could possibly get a free pack of light bulbs from energy company!

    • Reply
      Julie
      July 19, 2017 at 1:52 pm

      Some companies will even do an evaluation of your home and point out areas where you might be wasting money.

  • Reply
    angela meek
    July 17, 2017 at 4:17 pm

    I’ve already done most of these and I am saving a huge amount compared to before. My power bill went from high $300-400 to now lowest is around $120 and highest has been around $160. Makes a huge difference! Great info!

    • Reply
      Julie
      July 19, 2017 at 2:10 pm

      That’s great! Sounds like you are saving around $2000 a year.

  • Reply
    Jai
    July 18, 2017 at 10:19 pm

    Very good tips for my new home!

  • Reply
    Sue C.
    July 19, 2017 at 1:40 am

    Great tips – I did the LED bulbs a few years ago and they still haven’t needed to be replaced – amazing!

  • Reply
    Chad
    July 19, 2017 at 4:46 am

    Enjoyed reading this!

  • Reply
    CJ
    July 19, 2017 at 10:22 am

    I’ve switched to LED bulbs and it has really saved me money on my electric bill. 🙂

  • Reply
    Jana S
    July 19, 2017 at 10:46 pm

    We bought our home last year and these are great tips for us thank you

  • Reply
    Sandy Klocinski
    July 20, 2017 at 10:36 am

    I have not done these things yet. Great information.

  • Reply
    Lawrence Giordano
    July 23, 2017 at 2:51 am

    LED bulbs are amazing! They also save the trouble of having to replace old bulbs so often.

  • Reply
    Alison
    July 24, 2017 at 5:28 am

    Very informative. I definitely plan to Install Programmable Thermostat.

  • Reply
    pauline
    July 24, 2017 at 2:31 pm

    great tips

  • Reply
    Austin H.
    July 25, 2017 at 3:01 pm

    With all of the technology out now, it is much easier to conserve energy. LED bulbs are a great place to start.

  • Reply
    neil califano
    July 25, 2017 at 9:25 pm

    Using LEDs saves a lot of money.

  • Reply
    Stacy Shook
    July 26, 2017 at 10:14 am

    We’ve done most of these! Nice to know it’s helping!

  • Reply
    Francis Cherwin
    July 27, 2017 at 4:20 pm

    Great ideas.

  • Reply
    Rosanne
    July 31, 2017 at 7:46 am

    We have done all of this and it really helps keeping our utility bills down

  • Reply
    Marna
    July 31, 2017 at 2:04 pm

    In addition, we installed Solar Panels that will pay for themselves in 4.6 years, and we live in the Pacific NW!!

  • Reply
    Nicole Watson
    August 2, 2017 at 11:28 pm

    Wow free lightbulbs from the energy company is awesome

  • Leave a Reply