Money-Saving Purchase Guide for New Homeowners

You just moved into a new house, and it was undoubtedly one of the most significant moves you’ve ever made. Now, you’re about to go on a spending spree to add some beautiful touches to the house in the form of decors, appliances, and utilities, to make it more liveable. However, your savings account isn’t that loaded because you just shelled out a large amount of money for the house, and now you’re contemplating how to go about things, so you don’t go bankrupt.

Worry not. This article will be dishing out some essential tips on how to save money on purchases as a new homeowner that you’re.

1. Be Prudent with Home Décor

As a new homeowner, the chances are that you won’t be okay with the previous owner’s home décor taste, and may likely want to add your personal touch to the home. How can you achieve that when your account is on the low side and seeing how costly new home decor elements can get? Well, you don’t have to break the bank to make your home look excellent. As a new homeowner, there’re several expenses to handle, and home decor is just one of them. Hence, the need to spend as little as possible.

To save money on home décor, consider reaching out to friends and families who’ve been talking selling one décor element or the other. Offer to take them off their hands at an agreed cost. If that doesn’t work out, you might want to check out some online resale groups where you’re likely to find some (if not all) items you want in excellent conditions but at meager prices. The main idea is not to clear out your savings account to have a beautiful home.

2. Learn Some Basic DIY Tricks Online

When it comes to decorating your new home, there’re lots you’re qualified to do yourself. All you have to do is get some how-to-do-it coaching on those tasks, something you can achieve by visiting online blogs that offer free do-it-yourself tutorials on various activities. Websites like YouTube and Google are great platforms to get DIY training online. They offer millions of video tutorials that cover virtually all topics. You’ll be surprised to find several DIY lesson resources on a simple task as boiling water.

Learning how to pull off home improvement tasks like painting, carpentry, interior decoration, etc. will save you tons of cash. Besides this, knowing you can create lovely things yourself and seeing self-made concepts gives you a sense of accomplishment.

3. Buy and Install Energy-Efficient Appliances to Reduce Energy Bills

With the amount of technology that depends on energy driving the lives of millennials, it’s a no-brainer that you’ll be needing energy-consuming gadgets in your new home. And as a new homeowner with no much cash to spare, the need to consider the payment of energy bills when making a purchasing plan for your appliances is essential. Energy bills come on a pay-what-you-use basis. The higher your energy consumption rate, the more your energy bill will be.

To cut down on energy expenses, you need to focus on purchasing highly energy-efficient appliances. Energy-consuming appliances like air conditioners have newer variants that consume less energy than older versions. Doing this will make it easy to sort your bills while still having enough money to take care of other expenses.

4. Conserve Water to Save Cash on Water Bills

A high water bill is one thing you don’t want to face as a new homeowner. It’s capable of draining your little coffer- something you can’t afford to let happen. To avoid this, at the occupation of your new house, endeavor to check for avenues that could lead to wastage of water; running toilets, leaking faucets, rusty showerheads, etc. once you move in, keep your eye and ear out for water issues.

Common water issues like running toilets, broken or leaking faucets, etc. are easy to fix, and you can repair them yourself. There’re several instructional DIY videos on YouTube you can consult to garner knowledge on how to fix any mild water issue you might encounter. Doing this will help reduce the amount of water consumed in the long run, thereby lessening the water bills you have to settle.


Making purchases and settling expenses as a new homeowner, especially one without much cash to spare, can be quite challenging. While you might feel like you need so much money to make things happen, you need to realize that there’re cost-cutting approaches you can adopt to make your life easy. You don’t have to break the bank to live well.