Here’s another great DIY tip from our friends at This Old House, but look at what happens when you compound the savings!
Shorten your dryer-vent hose. First, disconnect it and vacuum it out. Then trim the hose length so that it’s just long enough for you to pull the dryer a few feet out from the wall. A short and unobstructed line makes your dryer run more efficiently.
Savings: $25 a year on electric, gas, or propane.
Bonus: Your clothes will dry about 20 percent faster.
But don’t just stop there! Saving = Good. Saving + Investing = Great. Now invest those savings into your monthly mortgage payment and see how much you will save!
Compound Savings: $1,893!
Saving a couple of dollars each month might not sound like that much. But this family would save nearly $2,000 when they add the savings to their monthly mortgage payment. Like you read in the book, Two Dollars saved is a Thousand dollars Earned!