Let’s face it: the cost of living in Canada isn’t getting any cheaper. Between groceries, utilities, and home maintenance, expenses can add up quickly. But the good news is that with a few smart and simple changes, you can stretch your dollar further right at home. From the kitchen to the laundry room, here are some household hacks that can help you save money—without sacrificing comfort or quality of life.
1. Unplug Unused Electronics
Even when turned off, electronics like TVs, toasters, and phone chargers draw a small amount of power—often referred to as phantom power. Over time, this can inflate your electricity bill. Use power bars with switches and turn them off when not in use, or simply unplug items you don’t use daily.
Money saved: Up to $100 per year depending on usage.
2. Make Your Own Cleaning Products
Store-bought cleaners can be surprisingly expensive, and many contain harsh chemicals. Instead, make your own using ingredients you likely already have at home. For example, vinegar, baking soda, lemon juice, and dish soap can handle most cleaning jobs.
- All-purpose spray: Mix 1 cup of water, 1 cup of white vinegar, and a few drops of essential oil (optional).
- Glass cleaner: Use equal parts water and vinegar with a splash of rubbing alcohol.
Money saved: $5–$10 per cleaner, plus fewer trips to the store.
3. Embrace Meal Planning
One of the biggest budget busters? Food waste. By planning meals for the week, creating a shopping list, and using leftovers creatively, you can drastically cut down on both waste and overspending at the grocery store.
- Plan meals based on what’s already in your pantry or fridge.
- Cook in bulk and freeze portions for later.
- Have a “leftovers night” once a week.
Money saved: Up to $1,000 per year for a family of four.
4. Switch to LED Bulbs
If your home still uses incandescent or compact fluorescent bulbs, consider switching to energy-efficient LED bulbs. They last much longer and use significantly less electricity.
- One LED bulb can last up to 25,000 hours.
- Look for bulbs with the ENERGY STAR label for best results.
Money saved: $50–$100 per year depending on home size.
5. Line Dry Your Laundry
Clothes dryers are among the biggest energy hogs in a home. When possible, line dry your clothes—especially in the warmer months. It’s free, gentle on your fabrics, and leaves clothes smelling fresh.
Can’t line dry everything? Use dryer balls to cut drying time and reduce static without the need for dryer sheets.
Money saved: Around $80–$100 annually on electricity.
6. Use Reusable Items Instead of Disposable Ones
Consider investing in reusable versions of everyday items:
- Cloth napkins instead of paper.
- Microfibre cloths instead of paper towels.
- Reusable food wraps instead of plastic wrap.
- Refillable water bottles instead of buying bottled water.
These changes not only reduce waste but save money over time.
Money saved: Hundreds of dollars yearly, depending on your household size and habits.
7. Seal Drafts and Insulate Smartly
Canadian winters can be brutal, and if your home isn’t well-insulated, you could be throwing money out the window—literally. Check for drafts around windows and doors and seal them with weather stripping or caulking. Insulating your attic or basement can also reduce heating costs significantly.
Money saved: Potentially $200–$500 annually on heating bills.
8. Use a Programmable Thermostat
Heating and cooling make up a significant portion of a household’s energy use. A programmable or smart thermostat allows you to set temperature schedules so your system runs more efficiently.
- Lower the heat by a few degrees overnight or when you’re not home.
- In summer, raise the temperature slightly while away to reduce A/C use.
Money saved: $100–$200 per year depending on climate and usage.
9. Buy in Bulk—But Be Smart About It
Buying pantry staples like rice, oats, pasta, and beans in bulk can save you money if stored properly. But don’t fall into the trap of buying bulk items you won’t use before they expire. Always compare unit prices and shop with a plan.
Money saved: Varies, but bulk shopping can reduce grocery costs by 10–20%.
10. DIY Minor Repairs
You don’t have to be a contractor to fix a leaky tap or patch a hole in the wall. With so many free online tutorials available, you can learn how to tackle minor home repairs yourself. Invest in a basic toolkit and save hundreds on service calls.
Money saved: $50–$300 per repair.
It’s Easier To Save Money Than You Think
Saving money doesn’t always mean making drastic changes or cutting out everything fun. Often, it’s the small, consistent habits that add up over time. By adopting some of these household hacks, you can lower your monthly bills, reduce waste, and feel more in control of your finances—all while making your home more efficient and eco-friendly.
Whether you’re a homeowner in the suburbs or renting a condo in downtown Toronto, these practical tips are easy to implement and well worth the effort. As the saying goes, “A penny saved is a penny earned”—and with these hacks, you’ll be earning a lot more than pennies.