Improve your finance by reducing your energy bills

Money Saving

Money Saving Tips

In financially challenging times, everyone searches for ways to save money. If you’ve already cut all the frills out of your budget, perhaps the next step is to ask yourself if it is possible to lower the bills that you can’t eliminate altogether. And the answer would be an unequivocal “yes”.

One of the most effective ways to shrink your monthly expenses is to reduce your energy bills. From planning a switch to a cheaper energy company to learning how to manoeuvre your household chores more efficiently, here’s how you can make it happen.

Saving on energy around the house

Energy efficiency is a great way to put away more money a little at a time, but first and foremost, you should research other energy companies in your local area to determine if any of them have lower energy prices than what you are currently paying. One of the most effective–and proactive–things you can do to take charge of your finances is to stay informed about the energy industry and switch providers if it makes good financial sense for you.

Next to finding the lowest energy prices, you can energy-proof your home in just a few minutes and for very little money. Make a list of small investments, such as a low-flow shower head that can help reduce your annual energy costs by more than £100. Also, a programmable thermostat can help cut your energy use in one of the most vital places by turning your air conditioner or heater off when you leave home and turning it back on shortly before you return at the end of the day. Lastly, remember to head to the hardware store and pick up some insulation for your pipes and hot water heater so that you don’t lose energy in these two important places in the home.

To save money, you’ve probably already resorted to cooking more at home in lieu of eating out, but did you know that you can take those savings even further with the way that you cook? Using a steamer basket above a pot on your stove top can enable you to cook several different items using the same amount of energy that it takes to cook one. And boiling water in the microwave is far more energy efficient than doing it on the stove. Also, remember to use a pot of the correct size on each stove burner to prevent heat loss.

And speaking of household chores, the laundry room is also a place where you can save money. It can benefit you to do laundry early in the morning or later at night during summer months because your air conditioner won’t have to fight the effects of heat-producing clothes dryer. Or you could save even more money by air drying your clothing instead of using the dryer. Looking toward larger steps that you can take, putting away money for a front-loading washing machine is a worthwhile financial goal because these particular models use less water and energy.

As you continue the path to financial freedom, remember that the best solutions are usually the most creative ones. View this as a time to think on your toes and outside the box and you’ll be pleased not only with your energy bill but also with yourself.