Top 21 Ways To Save Money On Utilities - Carreira Finance Coaching

Top 21 Ways To Save Money On Utilities

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The most important rule is to not spend more money than what you receive as your income. A great exercise is to look into your monthly expenses. Most people focus on nonessential expenses during this exercise, but you can save a lot of money on utilities.

The most common utilities are electricity, water, and gas. The fact that you pay them every month means that you can save money every month.


Most common ways to save money on utilities - Carreira Finance Coaching

How To Save Money With Your Appliances?

1 – Buy Energy Efficient Appliances

Most of the time, we decide to purchase our appliances based on price and quality. However, buying an energy-efficient appliance can make a big difference for your wallet.

The upfront price is higher than buying regular appliances, but you will save up to 50% on your monthly energy bills. So long term, you will spend less money on electricity, water, and gas.

2 – Unplug Your Appliances When Not In Use

It’s important to unplug your appliances when not in use. It will allow you to save energy and money. Even when turned off, your devices are consuming electricity because they stay in standby mode.

The Natural Resources Defense Council (NRDC) found out that Americans could save a total of $19 billion, or $165 per U.S. household if they were to unplug their appliances after each use.

3 – Run Your Appliances At Night

Utility companies have different electricity, gas, and water price rates depending on the hours of the day people consume them. In other words, if you are not using your appliances during peak times, you can save big bucks.

Starting at 7:00 pm, you can save up to 25% on your energy bills. If you are interested in knowing when exactly energy is the cheapest for your situation, go to your utility company websites and check it out.


How To Save Money When Drying Your Clothes?

It’s no surprise if I tell you that your dryer uses a lot of energy to dry your clothes. So here are a few ways you can reduce its use.

4 – Buy Wool Dryer Balls

Wool dryer balls reduce the time it takes for your dryer to dry your clothes. They can reduce by 50% of the energy used by your dryer.

Wool dryer balls are the best alternative of dryer sheets and plastic dryer balls. They are eco-friendly, non-toxic, natural, and safe. (affiliate link)

5 – Clean Your Dryer Lint Screen

We all know that cleaning our dryer lint screen is not the most pleasant thing to do. However, not doing it can reduce the efficiency of your dryer by 75%.

So before using your dryer next time, don’t forget to clean your lint screen to save energy and money.

6 – Air Drying Method

You can save 100% of your dryer energy cost by simply air-drying your clothes. The final result is the same, and it’s free of charges.

It’s one of my favorite way to save money on utilities.


How To Detect And Seal Air Leaks?

It is common for windows or doors to leak air. But the problem is that it increases your monthly energy bill dramatically.

7 – Air Leaks

The smoke test is a great way to find air leaks in your home. First, turn off any combustion appliances and then hold a lighted candle around the edges of your windows and doors. If the smoke is disturbed, you found an air leak.

The easiest way to seal your air leaks is to use caulk, but you can also use foam sealant, or replace your weather stripping. (affiliate link)


How To Adjust Your Home Temperature?

It can be tricky to always get the perfect temperature at home. However, there are a few things you can do to avoid overheating or overcooling your home.

8 – Run Your Appliances During Cooler Times

Appliances can increase the temperature of your home by 10 degrees Fahrenheit. So try to use your oven, dishwasher, dryer, or washing machine during cooler times of the day.

9 – Open Your Windows

Opening your windows in the morning or at night is a great way to save money by cooling down your home naturally. Just make sure to turn off your air conditioner when you do it.

10 – Cover Your Windows

Another way to cool down your home is to cover your windows during warm days. If you don’t do that, the sun will heat your home by reflecting on your windows.

The best and most efficient window coverings you can buy are cellular shades. They can reduce your energy cost by up to 20%.

11 – Install A Programmable Thermostat

The best way to avoid wasting energy and keep your home temperature the way you want to is to install a programmable thermostat.

You can expect your programmable thermostat to save you up to 15% on both heating and air conditioning costs. (affiliate link)


How To Save Money With Your Dishwasher & Washing Machine?

12 – Use Your Dishwasher

Washing dishes by hand uses 3.5 times more water than using your dishwasher. In other words, for every dollar spent on your dishwasher water consumption, you save $2.50. The fewer dishes you wash by hand, the less water you’d waste.

13 – Skip Your Dishwasher Dry Cycle

Your dishwasher consumes a lot of energy to dry your dishes after washing them. However, you can save money by turning off the dry cycle of your dishwasher and let your dishes dry on their own.

14 – Wash Your Clothes With Cold Water

There are three benefits of washing your clothes with cold water. First, you won’t have to use any energy to heat the water. Second, it reduces wrinkles. And third, it removes most stains.

You can expect to save $60 per year on average. $5 per month might not seem a lot, but utility bills are due every single month for our whole life.

15 – Always Do Full Loads

Doing partial dishwasher or washing machine loads consumes the same amount of energy as full loads. So as a rule of thumb, it’s always better to do full loads, because it allows you to save money in the long run.

However, if you really have to do a partial load, you should make sure to select the appropriate load size on your washing machine.


How To Save Money On Electricity?

16 – Turn off the lights

Turning off the lights when we are not using them might be the most common way to save money on utilities. However, 90% of Americans say that someone in their household is not turning off the lights when leaving a room.

17 – Get Power Strips

Power strips allow you to turn off multiple devices at once. That way, you don’t have to unplug each device after using them.

You can even go further by investing in smart power strips. Smart power strips control and monitor each electrical outlet. In other words, they prevent your devices to waste energy when in standby mode. (affiliate link)


How To Save Money On Water?

18 – Take Colder Showers

Cold showers can decrease your utility bills. People tend to spend less time in the shower when the water is cold. And less energy is required to heat the water.

Also, taking cold showers has many health benefits for your mind, body, and skin.

19 – Turn Off The Water

Another popular way to save money on utilities is to turn off the water when brushing your teeth or washing your hands. Reducing the amount of water we consume both help our wallet and the planet.

20 – Reduce Your Water Heater Temperature

Did you ever burn yourself when taking a shower, washing your hand, or hand washing dishes? If your answer is yes, it means that your water heater temperature is too high. But the good news is you can save money by adjusting its temperature.

Per Save On Energy, reducing your water heater temperature can help you save up to $400 per year or $33 per month.

21 – Install Low Flow Fixtures

Installing low flow shower heads and faucets can save up to 75% of your water usage. Low flow fixtures are designed to reduce the amount of water we waste.


Top 21 Ways To Save Money On Utilities - Carreira Finance Coaching
How to save money on utility bills - Carreira Finance Coaching

Conclusion

In conclusion, there are a lot of ways you can save money on utilities. Some of them will make more sense to your situation, but each of them will help your finances in the long run.


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