Family Finances 101: How to Decrease Your Bills By 10 Percent or More!

Family Finances 101: How to Decrease Your Bills By 10 Percent or More!
  • Opening Intro -

    The average household spends about $114 on electricity, which is just one of many bills.

    It is understandable that families want to cut some of these costs, especially when it is hard to save money.

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The following are just a few financial tips to help a family reduce their household bills by at least 10 percent.

Energy-Efficient Appliances

A simple way to reduce energy consumption is to replace some appliances in the house with their energy-efficient counterparts. There are a number of energy-efficient appliances homeowners can buy, such as washing machines or microwaves. This can end up reducing the amount of energy used throughout the day.

Go Back to the Basics

Resorting to the old ways of doing things might end up cutting bills down. For example, a household can use candles, gas lamps, or solar-powered lamps. It might be a good idea to let in as much sunlight as possible during the morning, and turn off the lights. Another good idea is to skip the TV and gather around to hear stories or play board games when the family needs to spend time together.

Temperature Woes

One of the biggest reasons households spend so much money on their energy bill is because of the air conditioning system. There are many aspects that need to be addressed. For example, an air conditioner that has not been serviced by a professional, like those at Edge Guys HVAC, could become an energy vampire. This could happen because the air filter is clogged, forcing the AC to work harder to keep a home at an acceptable temperature. Another issue that could make the AC work harder is cracks throughout the house where air could escape.

Reduce Hot Water use for Laundry

It may seem inconsequential, but the truth is that using hot water to clean clothes can increase a gas bill because the water heater is putting in work. Keep in mind that an average household does two to three loads per week. The best thing that can be done is making sure that each load is washed in cold water instead. It might also be a good idea to wash some intimates by hand though this is a task reserved for the industrious.

These are just a few ways that a household can reduce the amount of their bills by at least 10 percent. This should leave more money for splurging or to save for a rainy day.

Money Management reference:

tips to lower monthly bills

 
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Last update on 2020-03-19 / Affiliate links / Images from Amazon Product Advertising API

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Categories: Reduce Bills

About Author

Hannah Whittenly

Hannah Whittenly is a freelance writer from Sacramento, California. A full-time mother of two, Hannah loves to write about topics most relevant to the investment that matters most: her family.