This year is all about saving money every day while trying to increase your income potential. If you did one thing each day that could save as little as $5 over the course of a year, you could have an extra $1800 in your pocket at the end of the year. Not all of these tips may apply to you, so to keep it fair, not all of them will apply to me.

Living in a small space makes things much easier to heat and cool. In the wintertime, all I have to do is bake or start the dishwasher, and our 500 sf heats up fast. It’s important to remember not to overlap heat sources unnecessarily. For example, I try and wait to turn on the dishwasher until after we’ve cooked dinner. This makes it so we don’t have to turn on the heaters as often. I learned this the hard way after a ridiculously cold snap that resulted in a $100 electricity bill.

This tip is regardless of whether or not you have a thermostat. A thermostat will turn on the heat if it gets too cold in the winter. It may also kick on the fan if it gets too hot. Keeping your home at as even a temperature as possible will keep your heating system from kicking on and off all of the time.

Effectively utilizing the heat from your appliances in a synchronized fashion can save money in the short term with utility bills, and in the long term with less wear and tear on appliances.

365 Days of Saving Money: $655 Annually (Running Total)