Deck the halls safely and affordably

By Jennie Bragg, producer


NEW YORK (CNNMoney.com) -- It's the most wonderful time of the year, and for many of us that means showing the neighbors just how much holiday spirit we have.

Don't let your holiday decked-out home become a safety hazard or a money pit.

Here's how:

Use a timer

The average home today uses about six times as much electricity as a home 20 years ago, according to the U.S. Department of Energy, and lighting accounts for about 10% of your electric bill.

That bill is certain to go up around the holidays with the addition of indoor and outdoor lights, so be sure lights turn on and off at the same time every evening by putting them on a timer.

"It's smart to use a timer for all of your holiday lights," suggests Lou Manfredini, Ace Hardware's home expert. "This way you can ensure that you will never forget to turn the lights off when you go to bed or leave you house."

Timing your lights may also help to prevent household fires. An average of 250 fires every year begin with a Christmas tree, and an additional 170 fires begin with decorative lights, according to the Electrical Safety Foundation International.

A basic timer can be purchased at your local hardware store and should not cost you more than about $10.

Fake it

A fake Christmas tree may not smell like the real thing, but it is definitely the safer and cheaper option.

"The safest alternative for a Christmas tree is an artificial tree because they are made of non-flammable materials," says Lou Manfredini. Manfredini suggests a Celebrations Columbus Pre-lit LED Christmas Tree or another tree with LED lights.

"This pre-lit tree features LED lights that are cool to the touch which is important if you have small children or pets," say Manfredini. "It also uses 10% of the amount of energy that traditional lights use."

If you plan to hang lights yourself, do it as safely as possible. An estimated 5,800 people are treated in the emergency rooms each year for falls associated with holiday decorating, according to the Electrical Safety Foundation International.

Invest in a light hanging kit or a small step ladder to avoid mishaps while decorating.

Battery power

The Electrical Safety Foundation International reports that candles cause more than 15,000 home fires every year.

Light up your home this holiday season with safer, battery-operated candles instead. "Battery operated candles will last an entire holiday season," claims Manfredini. "They are safer than electric candles and eliminate the possibility of a fire."

Talkback: How much are you spending on decorating your home for the holidays? To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed4.21%4.16%
15 yr fixed3.27%3.25%
5/1 ARM3.51%3.38%
30 yr refi4.20%4.15%
15 yr refi3.27%3.24%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 17,156.85 24.88 0.15%
Nasdaq 4,562.19 9.43 0.21%
S&P 500 2,001.57 2.59 0.13%
Treasuries 2.60 0.01 0.42%
Data as of 6:42am ET
Company Price Change % Change
Bank of America Corp... 16.71 -0.06 -0.36%
Apple Inc 101.58 0.75 0.74%
Yahoo! Inc 42.59 -0.12 -0.28%
Microsoft Corp 46.52 -0.24 -0.51%
Alcoa Inc 16.28 0.12 0.74%
Data as of Sep 17

Sections

Alibaba founder Jack Ma could earn as much as $867 million from his company's market debut. More

The Federal Reserve is probably not going to raise interest rates until the summer of 2015 at the earliest. More

Frederick Hutson launched Pigeon.ly in 2012 to help inmates communicate with their friends and family. He's on target for $1 million in sales this year. More

Occupy Wall Street offshoot Strike Debt says it has abolished nearly $4 million in private student loan debt for students who attended Everest College, part of Corinthian Colleges. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.