How to Reduce and Save Money on Utility Bills

Utility Bills

Sick and tired of living from paycheck to paycheck? You’re not alone. Unless you come from a wealthy family, there’s a good chance you are struggling to pay your bills every month. These bills could include anywhere from rent, credit cards, phone and internet, Netflix subscription, to car loans in Sydney, utility bills, you name it.

Here at The Finance Blog Network, we’re all about saving money. While some recurring bills can’t be avoided, the good news is there are many things you can do to curb and even save big on things like your utility bills, which is something you can easily take control of.

In fact, saving money on utility bills is easy, and it is a good starting point on your journey to becoming more efficient and frugal. When you know what to do and determined to commit to these recommendations, you can save hundreds of dollars each month.

So, if that sounds good, here are several ways to make your household expenses less of a burden and more of a relief. While some ways may take some time before you see start seeing the positive results, the other ways are way quicker and a lot easier to implement.

Change your habits.

Have a quick meeting with every member of the family. It doesn’t have to be a big, lengthy production. Get your children and spouse involved. Tell them that everyone can contribute in your efforts to save.

Imagine if everyone in your household tried to develop good energy saving habits, like not leaving the faucet open or making sure the lights and electronic devices in your home are turned off and kept unplug when not in use.

One way you can encourage your children to consume less electricity is by motivating them to get into other habits which are more cost-effective like reading books or becoming more outgoing. Your children can go out and play outside, ride their bikes, instead of staying indoors all the time and spending hours playing video games.

Assess your energy and water consumption.

Look around the house. Check your light bulbs. They might be overdue for an upgrade. You may still be using those antiquated light bulbs that consume more energy and doesn’t last long. Check online for more cost-effective options you can use like LED bulbs or compact fluorescent lights. They use less energy and lasts longer.

Do you have a dishwasher at home? Maybe it’s time you used a basin and hand washed your dishes. It’s way cheaper and consumes less water. While it may not look glamorous or may not do any favours to your well-polished nails, you can control the amount of water you use and easily reduce your water bills.

If it’s warm and sunny outside, you can air dry your clothes instead of using a dryer. Your clothes will smell much better when it’s air dried. The less you rely on appliances like washing machines, dryers, dish washing machines, it will be easier to reduce your energy and water consumption.

Saving money on utilities is straightforward. All you need to do is to determine which appliances consume energy and water the most. Then find more cost-effective ways to replace them.

Some major appliances in your home that use the most electricity and water may be your refrigerator, washing machine, microwave, electric stove, air conditioner, and others you may have.

When you have the budget, you may consider selling some of the older appliances and replacing them as newer models consume less energy and water. If you have other tips on how to save on utilities, we’d love to know. Please share your thoughts by leaving a comment.

Anum

Anum Yoon is the founder and editor of Current on Currency. She loves all things personal finance, which is why you'll find her work all over the PF blogosphere.

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