When you own a home, it’s easy for household expenses to spiral out of control. Every year, the average homeowner is in the unenviable position of spending thousands of dollars on owning and maintaining a home- and that’s just when everything is going well! If an emergency hits, many homeowners have to make sacrifices they can ill afford just to keep the home up and running. The best strategy to avoid disaster is to work on cutting down the everyday household expenses associated with owning a home.

So where does the money really go? On average, American homeowners spend about 34 percent of their income on home expenses. Paying for the house itself, of course, is the largest chunk of that expenditure, but does it surprise you to know that utilities make up the next largest amount? Most Americans spend about seven percent of their income on utilities; that’s more than what they spend on entertainment, clothing for the family and even health care! Obviously, that’s an area where it makes sense to find ways to scale back. If you live in Texas, it’s even more important than it is for people in other states as Texas electricity rates are 30 percent higher than rates elsewhere.

To save money on electricity, you need to understand it. Electric companies measure energy usage in kWh, which is a measurement of the hours you spend using 1000 watts. By lowering your kWh, you will, of course, lower your electricity cost, but where do all those kilowatt-hours go? Appliances can be huge energy hogs but so can game systems, televisions and computers. Older homes are often ill-equipped to handle the energy demands of a modern lifestyle, and this can be not only costly but dangerous, as faulty electrical systems can lead to house fires. Modernizing your home can save on more than just household expenses- it might also save your life.

Fortunately, there are some easy ways to save on energy (and its associated costs). If your home is more than 20 years old, get your electrical system checked out by a professional to determine if you need any upgrades. Buy ENERGY STAR compliant appliances whenever possible, and turn off anything you’re not using, from lights and appliances to your Xbox 360.

If you are like many homeowners, your home is a constant work in progress. Your desire to make your home uniquely yours is a constant endeavor. Unfortunately, there are many areas within your home you may overlook in an effort to make your home look appealing. In particular, some homeowners constantly overlook their old light fixtures.

Whether you live in an older home or a home you’ve recently purchased, new light fixtures can transform the look of your home and increase safety. Like other aspects of your home that you use on a regular basis, your light fixtures can easily become worn and dated. Unfortunately, as a component of a major system in your home, damaged light fixtures can be a hazard.

Your home is your oasis, so there is no reason for you to constantly endure poor lighting. With new fixtures, you can take advantage of some of the latest designs that improve your ability to see throughout your home. Additionally, changing your light fixtures will help you realize the following benefits:

These days, advances in technology are helping homeowners reduce the cost of their utility bills. From LED lighting technology to incandescent lights, new lights increase lighting in homes while decreasing homeowners’ costs. This is especially helpful for homeowners who are concerned about their impact on the environment; reduced energy consumption helps reduce the negative impact on the environment.

Many appliances use electricity even when they aren’t powered on. This property is known as standby power, which is used to perform functions that must operate continuously. Energy saving measures often include unplugging electrical devices to eliminate the cost of keeping them in standby mode. This strategy requires you to estimate the cost of standby power for each appliance since it may not be worthwhile to unplug a device when it is not in use.

A year is about 8,766 hours long, so a month has an average duration of about 730.5 hours. This means you can multiply an appliance’s standby power in watts by 0.73 to obtain the kilowatts of energy it consumes each month, assuming it is always plugged in. A typical cost of electricity in the United States is 10 cents per kilowatt-hour. You can therefore estimate the standby cost of an appliance in dollars by multiplying its standby power consumption in watts by 0.0731.