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Ways to Lower Your Utility Bills

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We all work hard for our money so it is no surprise that we want to be able to keep as much of it as possible. One of the best ways to do this is to make your home more energy efficient. There are a variety of things you can do to lower your energy bills, ranging from installing insulation to switching off unused appliances. We’ve provided insight into some of the best ways to reduce energy usage and save money on your bills, so you can keep more of your hard earned money.

Switch off Appliances

When devices such as mobile phones or tablets are fully charged they should be switched off at the mains.There is no need to let them charge all night because the only thing they are doing is wasting energy, and killing your battery too. It has been reported that switching off appliances in this way could save you up to and between £50-£90 a year, so it’s well worth taking the time to make this part of your routine.

Throw out Fluorescents

When you go to the store again make sure you purchase some LED bulbs. They may cost more than your fluorescent light bulbs but they use less energy, last longer and provide you with a warm colour.

Be As Green as Possible

The government has an incentive in place called the feed in tariff scheme (FIT) to encourage consumers to generate renewable energy, for example through solar panels. The scheme pays you for the green electricity you generate, as well as for the surplus you sell back to the grid. This can give you considerable savings in the long-run as you are less reliant on the gird for your supply.

Home Insulation

There are also government schemes available to help you install insulation in your home. Most energy suppliers will promote the Green Deal or Energy Companies Obligation scheme, which help you make improvements to your home to make it more energy efficient. The npower website has detail of how much money you could save by having insulation installed in your home.

Adjust Your TV Settings

You will be surprised at the amount of money you will save on your electricity bills if you turn down the brightness on your television. Most televisions come with “retail mode”, which means they have optimum picture clarity. You can easily tone it down a bit by going to your menu and adjusting the brightness. TVs can cost around 2p an hour to run, however turning down the brightness can reduce this. The same logic applies to your PC or laptop, which costs around 6-7p an hour to run.

Stop Wasting Water When Making Coffee or Tea

When you are boiling your water for your morning cup of coffee or tea, only put in the amount of water that you need. There is no need to fill it up all the way to the top and allow the water to boil, only to not use it.

Install Ceiling Fans

When summer comes around the weather is going to get warmer. However, you do not need to run your air conditioning every single day. Instead, install ceiling fans and they will keep you cool. When the colder months come, you can even reverse the fan so it will push the warm air down into your living area.

Bottom Line

You do not have to spend a lot of money to cut back on your utility bills. There are simple things that you can do yourself for free that will make a difference toyour outgoings. Be smart and keep more of your hard-earned money by conserving energy instead of wasting it.

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AUTHOR Derek

My name is Derek, and I have my Bachelors Degree in Finance from Grand Valley State University. After graduation, I was not able to find a job that fully utilized my degree, but I still had a passion for Finance! So, I decided to focus my passion in the stock market. I studied Cash Flows, Balance Sheets, and Income Statements, put some money into the market and saw a good return on my investment. As satisfying as this was, I still felt that something was missing. I have a passion for Finance, but I also have a passion for people. If you have a willingness to learn, I will continue to teach.

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