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No, you shouldn’t wrap a towel, old T-shirt, or other porous fabric around your faucets. These materials absorb water, which can make your faucet more likely to freeze. Instead, you want to use waterproof, insulative covers that can seal tightly around the spigots for the best protection against frozen outdoor faucets and pipes.

The cost to rent an insulation vacuum ranges between $250 and $350 per day. The price will increase if you choose to rent for additional days, but you may get a discounted daily rate if you rent it for a whole week, which could cost up to $1,000. Once you've removed the insulation and are ready to replace it, the cost to rent a blown-in insulation machine ranges between $100 and $500.

If you have bubble wrap lying around the house and you don’t care about the odd look, taping bubble wrap over a window is a very affordable way to insulate it. Another inexpensive option for insulating windows is to add new caulk around the glass. This step quickly cuts down on air drafts for older windows, and a tube of caulk only costs a few dollars. Adding plastic shrink film around the glass is another cost-effective option. You can purchase a kit of plastic film for a few dollars per window.

The best way to reduce heat upstairs is to release it by opening a window. Hot air rises, and if you can create some airflow by opening a window upstairs and also one on a lower level, the hot air should be pushed out of the home. Remember that fans pointing out the window do a much better job of circulating air than fans pointing into the home.