These clever tips will easily trim your budget
1. Lower Water Heating Temperature
Although some manufacturers set water heater thermostats at 140ºF, most households usually only require them to be set at 120ºF, which also slows mineral buildup and corrosion in your water heater and pipes.
Savings resulting from turning down your water heater temperature are based on two components: reduced standby losses (heat loss from water heater into surrounding basement area); and consumption (from water demand or use in your home). Set too high, or at 140ºF, your water heater can waste anywhere from $36 to $61 annually in standby heat losses and more than $400 in demand losses.
However, there is one exception which are dishwashers with “booster heater” for sanitizing and they require 140-degree water for rinsing. Head to www.Energy.Gov for more information.
2. Energy Efficient Appliances
Through the Energy Department’s appliance standards, manufacturers are making great strides in developing new, more efficient appliances that are saving consumers money on their energy bills. These appliances include refrigerators, air conditioners, water heaters, lighters, dishwashers, clothes washing machines and dryers, and other electrical items used at home or workplaces. Simply cutting back on your energy can reduce your monthly bill by up to 56%! Head to www.energyStar.Gov for more information!
3. Cut Out Cable
This idea might not be the most popular choice however, it might be a great way to reduce home monthly bills. We’ve all noticed that cable and satellite monthly bills keep creeping up, but thanks to the tons of streaming services out there and various technologies, there are more cable alternatives available than ever before.
Before you do anything, first should make sure this is the right option for you. If you change your mind, new contracts and activation fees can get expensive. Once you have decided this option is right for you, you have tons of streaming services available for you to select between. Here are a few to get your search started: Hulu, Sling TV, DirectTV Now, YouTube TV, HBO Now, Netflix, Amazon Prime, Vudu, CBS All Access, and more!
4. Insulated Curtains
Energy saving curtains are one of the least expensive ways you can save on home heating and cooling bills. An investment in energy efficient curtains will save you money during winter and summer months. Energy efficient curtains serve a dual purpose; they retain heat during the winter and reject heat in the summer, resulting in lower cooling and heating bills. You’ll control how much sun is allowed to enter your home, and when, by adjusting the energy efficient curtains to be either open or closed.
Windows without a barrier are likely to lose up to 25 percent of heated or cooled air, which forces your appliances to continue pumping when it really shouldn’t have to.
5. Save on Online Purchases With Price Protection
If you prefer to do the majority of your shopping online, be sure you’ve signed up for a price-protection service like Paribus. Paribus syncs with your email account to scan for receipts and negotiates with online companies to refund the difference if there is a price drop shortly after purchase.
Without you having to do anything, Paribus will negotiate a refund on your behalf via your original payment method. The best part is, Paribus is totally free to use.
6. Buy in Bulk
Buying in bulk can pay off, and big-box warehouse clubs like Sam’s Club and Costco, are just one option for bulk purchasing. However, when it comes to buying in bulk savings could be a hit or miss depending on the items.
So be cautious with what you chose to purchase a large quantity of.
according to U.S. News, items that are typically good buys include trash bags (which are easy to store and don’t expire), toilet paper, discounted gift cards, rice, and dried beans. Things you should really think about before buying in bulk are perishable items like tomatoes and milk. Items with a long shelf like are usually a safe bet, plus you can always split the cost with family and friends.