We all want to save money. Whether the goal is to save up for a house or help prepare for retirement, one of the best ways to save money is to start by looking at your bills. They’re easy to forget about, but they’re one of the biggest drains on your bank account every month. If you can optimize your bills, you can cut your spending easily. Your energy bill is a prime example, and, best of all, you can save money on electricity quickly, easily and without spending a dime more. Let’s take a look at how.
1. Check Your Fridge and Freezer Temperature
If you want to learn how to lower your energy bill, you need to check the obvious culprits first. Big appliances can drain a lot of power without you noticing, particularly if they’re the kind that stay constantly running.
Your fridge and freezer are a prime example. Of course, you can’t turn them off completely. But you can make sure that they’re only taking as much power as they absolutely need to be. If your fridge stays at 38 degrees, and your freezer stays between 0 to 5 degrees, that’s just enough to keep everything cold without taxing your fridge and freezer too much.
2. Don’t Wash Your Clothes in Hot Water
This one might not seem intuitive. Your clothes, you might think, need the hottest water, so that you can be sure every last stain comes off properly. But if you do this right, this can be one of the best ways to save money in your home. Like your fridge, your washing machine is a large appliance that can potentially gobble up hundreds of dollars in water heating if you’re not careful.
Learning how to reduce your energy bill through your washer while still getting perfectly clean clothes is an art form. Firstly, identify whether the stains you’re washing need hot water to come off. Some do, but many don’t. Blood is a prime example of a stain that actually washes off better in cold water. Even if the stain does need hot water, it won’t necessarily have to be extremely hot. When stains come off better in warmer water, often all they need is warm water, not boiling hot. Do this, and you could end up cutting your washing machine energy consumption in half.
3. Keep an Eye on Your Thermostat
We all know that heating a modern home can get expensive. It’s one of the first things that needs checking if you’re looking to learn how to save on your energy bill. But of course, you don’t want to end up shivering in your own house. How do you find the balance of just enough versus too much?
The answer is timing. In order to figure out how to lower an energy bill, you need to figure out when the lowering of the energy bill will impact you in the least. If you lower your thermostat when you’re asleep or out of the house, you’ll barely even feel the impact. For best results, ensure the house temperature is 10 to 15 degrees below normal. If you do this for 8 hours at a time, you can end up lowering your heating bill by as much as 10%.
4. Make Sure Your Place is Sealed Up
As you can see, making sure your heating bill isn’t costing you too much is vital in your quest to figure out the best ways to save money. Lowering your thermostat is one important way of doing that. But just as much as not overusing the heating, it’s important to ensure that when you do use the heating, it’s being used to maximum effect.
Learning how to save on your energy bill can be complicated. But one of the simpler ways to do it is just by looking around your physical environment. If you can replace the seals on your fridge and freezer, it’ll make sure that the cooler air isn’t slipping out into the warm room. Also, your doors and windows can let warmth out if you’re not careful. Make sure their seals are functioning to maximum effect.
5. Get A Smart Power Strip
We’re all used to electric and electronic appliances that never really turn off. Think about it. Even when you use the remote control to turn the TV off, the red light indicates it’s still on standby. That means it hasn’t really turned off. It’s still using power, just on a lower level.
But it can be annoying to remember to turn off your appliances properly every time you use them. That’s where a smart power strip comes in. If you plug your electronics into a smart power strip, it’ll automatically control whether that trickle of power needs to be used on them or not. With one of these, you won’t have to remember a thing in order to find ways to save money.
It can be tough finding out why your energy bill is so high. But it’s vitally important to save money wherever you can. Use these tips, and you’ll find that the best ways to save money can be found right at home.
- “How to Lower Your Electric Bill”, Payless Power, accessed 8th February 2021, https://paylesspower.com/blog/how-to-lower-your-electric-bill/#how-to-lower-your-electric-bill-6%3E%3Cspan%20style=.
- “15 Ways to Lower Your Energy Bill in 2020”, NerdWallet, accessed 8th February 2021, https://www.nerdwallet.com/article/finance/how-to-save-money-on-your-electric-bill.
- “Tips for Lowering Your Electric Bill”, The Spruce, accessed 8th February 2021, https://www.thespruce.com/lower-your-electric-bill-1388743.
- “10 Easy Ways to Lower Your Electric Bill”, Forbes, accessed 8th February 2021, https://www.forbes.com/sites/moneybuilder/2011/08/23/10-easy-ways-to-lower-your-electric-bill/.