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Anywhere we can be frugal is great in this economy. There are so many ways to save around the apartment and most of these are so easy to do. Follow these money saving tips and keep money in your pocket!

Dryers are crazy energy drains. At all times, try to hang your clothes instead and not only will you save money, your clothes will last longer too!

Change all your light bulbs to fluorescent light bulbs. There’s less energy used and they are just as bright. Actually, you can get even brighter lights since they aren’t as hot and you won’t think you are wasting your money.

Whenever you aren’t using the water tap, turn it off to conserve water. You don’t need it for most of the time that you are showering anyway.

Actually, windows should be sealed off too. If you look at your windows and the plastic molding is peeling off, then replacing it will prevent heat from going out the window.

Take advantage of the energy peak hour programs that companies have. Whenever there’s peak power, they will just cut off your air conditioning or heater and they will give you a better rate.

Turn off every light that you don’t use. Actually, it’s even better if you unplug the light fixtures when you don’t need the light.

Turn the temperature of the fridge up a little bit. You don’t need to create sub freezing temperatures with everything inside.

Getting a new fridges can actually save you money in the long run because the new ones are all energy efficient. Look for the symbol when you buy a new fridge from Best Buy or something.

Ventilating fans are great in the summer but make sure they are turning the right way so it doesn’t take heat out of the house in the winter.

Interest rates are so low that you should really consider refinancing your home. Every percentage point can be huge money for you in the long run.

One old expression claims that if you don’t break a dollar, you won’t spend it. And it’s true, especially when it comes to larger denominations of money. Many people find it easier to spend smaller amounts of money, thinking that they will save money since they are not spending a lot at once. In the end, though, they spend a lot anyhow. Controlling those small purchases, however, is one great way to save a substantially large amount of money. Think about how you can do it.

Cut the coffee shop out of your day, or break that smoking habit that you’ve been promising to break. Take that $4 and put it into a savings account at the end of every week. By the end of the year you will have added around $1000 (depending on how many weeks you have off each year).

Bring lunch to work instead of buying it. Not only will your meals be more varied and healthier if you do this, you will also save quite a bit of cash, roughly $5 a day. That adds up to $1,250 in a year.

Eat in more often. If you are a regular at dining in restaurants then you are probably wasting a large sum of money each year. By giving up just one meal out each week for you and your family you will probably be able to add another $2500 to your savings.

Cut your hair at home. Big families with lots of girls can save around $30 per person by caring for their hair at home instead of the salon.

Give up the cable. The television is only eating your valuable time and it doesn’t give you anything in return. By cutting the cords you could save $60 a month. That means you would be building your savings by $720 each year.

Once you build up your savings, switch them over to a higher interest rate investment option. CDs are one of the most secure, higher rate investments on the market. As you continue to grow your savings, you can seek professional advice about the best way to invest that money.

The money you save can be used to pay off your home mortgage before you normally would which will in turn save you money in interest each month. Some mortgages, though, have prepayment penalties that should be considered. Don’t accept a penalty that will cost you more than you interest payments would.