Money Management

5 Suggestions for Saving Money on Utility Bills

5 Suggestions for Saving Money on Utility Bills

The ever changing economy and job market forces individuals to adopt a frugal outlook on daily life. Should you buy a burger from Five Guys or pack a PB & J sandwich for lunch? Does taking the bus, train, or car to work save the most money? 

You’re confronted with countless questions relating to daily, monthly, and yearly spending. With high rent costs, food prices higher than you’d prefer, and the overall cost of living, it’s difficult finding financial breathing room. 

No matter how smart or successful any individual becomes, there lack of spending awareness could cause harm to their bank accounts which in turn affects credit scores and even personal relationships. What spouse prefers to stand by another person who mismanages income and spending with a sense of negligence unparalleled? 

A large part of monthly costs are linked to utility bills. Rent and mortgage payments aren’t subject to constant changes. What you can control or at least reduce, is the amount of money spent on utilities. 

If you find difficulty trying to cover costs due to financial emergencies linked to unexpected medical care, unemployment, or other crises, there are short term lending options available. Knowing viable borrowing options such as credit cards, car title loans such as ones at TitleBucks.com, and personal loans assist with affording living expenses.

When looking to save a little cash to better manage finances, follow these few tips to cut the costs down of utility bills.

1.      Conserve Water with House Rules 

Whether you live alone, with children, or roommates, create a set of house rules detailing water usage. Have a 5-10 minute shower time limit. Some people can’t help themselves by taking 30 minute showers. What can they possibly do in the shower for that long? 

When washing dishes, use running water when it’s absolutely necessary to rinse away soap and dirt. Limit the number of times a person does laundry to once a week or every two weeks. Never do a wash unless the machine is full.

 2.      Unplug Devices 

Simply because your laptop isn’t plugged into the power adapter, doesn’t mean that adapter isn’t pulling electricity from the wall socket. If possible, unplug any power adapters, phone chargers, and electrical devices when not in use. This drives up the electricity bill without you realizing it.

 3.      Don’t Change the Thermostat 

Most drivers understand that maintaining a consistent speed or using cruise control saves gas and money while driving. The same principle applies to a home thermostat. Keeping a consistent and reasonable temperature in your home saves money on gas, electricity or oil. Don’t give in to impulse during the summer and winter months by adjust the thermostat frequently. Wear a sweater or shorts around the house.

 4.      Seek Alternative Energy Solutions 

If you’re really committed to saving money on utility bills, then look more into ways to convert the house into an energy efficient home. Solar panel, energy friendly dishwashers or laundry machines, and other appliances offer the opportunity to start.

 5.      Rent Empty Rooms 

This last suggestion may not directly lower utility bills, but it helps subtract costs from mortgage or rent payments. The addition of one or more tenants saves substantial cash on living expenses. This move may increase utility bills, but the additional money indirectly cuts living costs. 

A new tenant could spice up your life, become great new friends, and they’ll make living expenses more bearable. Don’t leave rooms in your home empty. 

Image Source – thriftyfun.com

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