The need to keep a close eye on personal finance has never been greater. These are tough times economically on a global scale, but one positive to emerge is that people are becoming more aware of what they can do to help themselves.
The easiest place to start cutting costs is in the home, and a common grievance is that high electricity prices are putting a strain on family budgets. However, you can make a few changes that will make sure value for money is guaranteed, along with lower electricity bills.
Switching energy suppliers or tariffs is a simple way of making instant savings. Quite often, households have been stuck paying too much on a certain tariff for too long. You get stuck in a rut and don’t even realize the cut-price deals that are readily available through price comparison websites. Log on and compare prices, compare tariffs and see what a difference can be made. Another way of earning a discount could be to get your gas and electricity from the same company, if you don’t already.
With a cheaper tariff in place it’s time to have a thorough check of your house to see what else can be done to slash your outgoings. This is where sound judgment is needed.
If you’ve finished with an appliance then turn it off at the mains and stop using the standby function. Switch lights off as well. These are a few basic good practices that should be followed at all times by all family members, young and old.
Equipment like a dishwasher, tumble dryer or washing machine are more efficient if a full load is inserted, although it may also be an idea to get rid of them entirely and wash the dishes manually or hang out clothes to dry.
How well your home is insulated could be a key factor in saving money. Grants are sometimes offered as incentives to properly insulate your loft, pipes and walls so check to see if this is applicable to you. Double-glazed doors and windows will also help to trap in the heat.
If possible, generating your own electricity could be an option as more and more households are opting to install solar panels. Look into the cost of getting an energy-saving boiler as well if you’re really intent on making changes. It may be expensive in the short term, but consider it an investment that will pay off in the long run and think of the environmental benefits. Not only would it be good for the planet, it’d be good for you as well.