Saving Money On Your Bills

You might have a New Year’s resolution in the works, you may want to make a midyear change – or perhaps you want an all-inclusive holiday in the next few years. Whatever it is, cutting back and increasing your savings is the way to do it, and do it well. Saving money on your bills is one of the first places that you can look to increase how much of an emergency fund or savings you have. 

 

One of the important things to know is how much you spend and when you spend the most. The evening time, when most people are home is the time where most households use the most amount of energy. 

 

Saving energy is one of the quickest ways to save on your bills. Here are some simple and actionable tips that you can use to start your savings journey. 

 

Photo by Matthew Henry on Unsplash

Standby Appliances

These are also referred to as energy vampires. While on standby they still consume energy. 

 

Turn everything that can be turned off at the plug, off. Items like refrigerators, freezer storage, and others might not be able to be turned off. 

 

Swap your plug sockets to smart ones that can all be turned off on a timer, and controlled from your phone. There are also the more basic plugs that have a simple timer that you control manually. The latter can be more cost-effective. 

Thermostat

There is a running joke that dads all turn down the thermostat. However, it is one of the ways that you can shave down your heating bill pretty quickly. Half of your energy bill is heating and hot water. Turning the thermostat down by even one degree can save plenty. You can combat the one-degree reduction with socks or a cardigan. 

Energy-efficient appliances

While you shouldn’t be in a rush to throw out the appliances that you have that work, when it comes to your next appliance purchase, you should go as energy-efficient as possible. 

 

Swapping for A+++ appliances can have a dramatic impact on your yearly energy bill. They usually come with an eco setting that can drive the cost down even more. The biggest contenders for a swap are:

 

  • Washing machine
  • Dishwasher
  • Fridge freezer 

Smart Home

It might seem counterproductive to need to spend money to save money, but a smart home system is worth the money. The more information you have about your energy usage, the better decisions you can make when it comes to saving. 

 

A smart home will monitor your usage and adjust how much you use, the temperature of your home, and more. They learn how much it takes to heat your home, and adjust themselves. You can usually control these from your mobile phone too. 

Insulation

If you aren’t paying attention to where the heat leaks from your home, you will still have a relatively high bill. You’re likely going to need an attic insulation contractor to inspect your home and make sure that you have the insulation to meet your needs. This is a vital step in making sure all of your other efforts are making a difference. 

Clothing care

Almost everyone has their washing machine at too high of a temperature. The clothing will lose its shape and color much quicker. If you have the option to wash your clothing 30 degrees or lower, this will cut money off each cycle – and keep your clothing looking newer for longer. 

Water 

Running a tap rather than using a washing up bowl, or the sink is one of the biggest wastes of water we can make. You can make more cutbacks by buying a more efficient showerhead, and a shower timer. Not only that, but something as simple as putting a full water bottle in your toilet cistern can reduce water too. 

Draft proof

A draught that runs through your home will have your heating system fighting to keep your home warm and will drive up the bill pretty quickly. Draught excluders and craft proofing kits are an ideal first line of defense. 

 

Combined with your insulation you will be losing much less money to heating your home, and keeping it at a steady temperature. 

 

Saving money on your bills summary:

 

A quick summary of actional things you can do to save money on your bills. 

 

  • Turn appliances off instead of leaving them on standby
  • Turn your thermostat down
  • When it is time to upgrade, buy energy-efficient appliances
  • Consider a smart home system
  • Insulation for your attic and roof
  • Install water-saving tools in your bathroom
  • Compare quotes from energy provider and switch where it makes sense

 

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