Your home is your largest expenditure you’ll ever have. Think about the size of your family and the size of your home. Do you really need all that space? What about the maintenance and care of the yard? Downsizing could save you money and time. Plus a small yard to mow might also be appreciated by the spouse. Insurance costs could also be lower on a small home as well as utilities. Increasing your deductible can also help cut your insurance costs. .