The cost of living has dramatically risen over the past decade. If you’re struggling to pay your monthly household bills then you’re definitely not alone. However, there are a few tricks and tips that can help you cut back on these monthly expenses. Below you’ll discover 5 of the best ways to save money on your household bills.
1. Compare your options
The very first thing you should do is double check that you are getting the best deal. You can look online at numerous comparison website which will search the current offers available based on your details. They compare hundreds of suppliers in just a couple of minutes. You might think that loyalty pays, but in terms of utility suppliers this isn’t always the case. It makes sense to switch suppliers if another can offer you a much better deal.
2. Invest in a programmable thermostat
A programmable thermostat enables you to change the heat and cooling settings of the home. As featured on The Simple Dollar website, you can set it to turn off while you’re not home or while you’re asleep. You can also alter the temperature. Turning the thermostat down by just 1 degree can really help to save hundreds of dollars a year.
3. Make use of power strips and timers
There are power strips and timers out there which can automatically switch off electrical devices when required. They feature a switch which you can turn off yourself, or the timer can ensure they turn off while you aren’t around. As soon as you flip the switch, the power strip prevents the phantom charge of the devices. It’s a quick and cost effective way to lower your monthly electricity bills.
4. Invest in insulation
If you’re looking to make a big difference to your bills, insulation is definitely something you will want to consider. It can save hundreds of dollars a year depending upon the size of your home. Check out foam insulation contractors in your local area to see just how cost effective this option can be. Once installed you should use less energy and enjoy even lower bills.
5. Lower your internet, cable and phone bill
By far one of the biggest household expenses US citizens have is their phone, cable and internet bills. As featured on Go Girl Finance, Americans spend an estimated 17% of their monthly budget on technology and entertainment. To lower these expenses it is worth looking into combined packages. Many suppliers offer huge discounts to those who take out all three services. If you use different companies for each service you could be paying a lot more than you need to.
Overall it is simple to lower your monthly energy bills thanks to the internet. The key is to know your options and shop around. Many people make the mistake of staying loyal to the same suppliers. Perhaps you’re worried about switching because you think it will be too much hassle? It really isn’t and the suppliers take care of all of the hard work for you. If you follow the 5 tips above you could end up saving a fortune on your monthly household bills.