The only thing worse than sticker shock? That “ouch” moment when you open your stack of monthly utility bills. “Many Americans just got hit with a tax hike, and the average taxpayer will incur significant added expense,” says David Bakke of Money Crashers. “Therefore, it’s important to evaluate what you’re spending on all monthly bills, but especially utility bills. Also, electric bills in particular have gone up dramatically over the last several years.”
Get Bakke’s best practices for cutting costs around your casa:
Go with the (low) flow. Conserve H20 and moolah by installing a low-flow showerhead, which can reduce water usage by close to 50 percent; you can also save up to $200 per year by simply washing your clothes in cold water. Other ways to cut down on water heating costs include investing in energy-efficient appliances and fixing any existing leaks or drips.
Beat the heat. “Adjust your thermostat, as reducing the heat or air conditioning by just three degrees can significantly reduce your bill,” suggests Bakke, adding that a programmable thermostat can slash costs even further. Another of Bakke’s insider tips? Use a ceiling fan to help cool things down, but “make sure it’s rotating in the proper direction—counter-clockwise in the summer, and clockwise in the winter.
Don’t wait—insulate. According to Energy Star, homeowners can save up to 20 percent with proper insulation (especially in the attic, where heat tends to escape). Energy Star also advocates sealing air leaks throughout the home to stop drafts from wafting in, which you can easily accomplish by weatherstripping windows and doors where needed.
Finally, “have an energy audit performed by your provider, which may even do this for free,” recommends Bakke. “It generally requires a one-hour interior and exterior inspection of your home, after which you are provided with a complete list of ways to save for your individual situation.”
Bye, Bye Bills!
