8 Ways To Trim Your Utility Bills – and Save

Tuesday, August 21st, 2018

Whether you need extra cash to pay off your mortgage faster, or simply want to save money to help reduce other debts, such as personal loans, business loans, car loans or credit card debt, there are practical things you can do in your own home to actively reduce your expenses. To save money on your utility bills, try these handy 12 tips to reduce your household utility bills:

1. Use dryer balls in your tumble-dryer

Although buying inexpensive wool balls as commercial dryer balls does make a difference, the good news is that you can create your own dryer balls easily at home using aluminium foil and shaping it into a golf ball-sized sphere. Adding a few to your load of wet clothes reduces static electricity build-up and helps the clothes stay separate – thus speeding up drying time. You’ll find you won’t need to use fabric softener or commercial dryer sheets and you’ll actively reduce drying time to trim money off your electricity bill. Cleaning the lint filter regularly will help keep your appliance running at maximum efficiency.

2. Only wash clothes with cold water

By making an active choice to use less energy, your bill will be trimmed – without any personal stress or sacrifice.

3. Replace standard light bulbs with LED bulbs

Each time your traditional bulbs run out, replace them with LED bulbs. They use less energy and last much, much longer so the savings will be two-fold.

4. Turn down your hot water heater

Ask your plumber to check your settings on your hot water heater if you’re not sure how. By turning down the temperature to a temperature you love, you could potentially save lots on wasted energy that has been bringing your hot water heater to unnecessary temperatures.

5. Save household chores for night-time

Everything from running the dishwasher, to washing and drying clothes can be done in the evening for some ongoing savings on your energy bills. Check the peak times on your last bill and use the bulk of your appliances in the off-peak times to help reduce your household utility bills to more affordable levels. Of course, this tactic only works if your energy company offers dual rates. If your chosen supplier only offers flat rates, it won’t make any difference what time you use your appliances but looking at how you use them (is the washing machine or dishwasher full before you turn it on?) is another way to be more efficient with your energy usage.

6. Dry your clothes outside

In the colder, wetter months, this is hard to do, of course, but keeping a clothes airer in the open air, in a well-ventilated space – especially if you have ducted heating vents – is a more affordable way to dry clothes without any need for an electric tumble-dryer that uses lots of energy.

7. Unplug appliances when not in use

It’s not always easy to race around your house unplugging everything that’s plugged in, but when it comes to your kettle, microwave, television and other easy-to-access appliances, it can be worth the effort to save money on your next utility bill. In today’s world, taking positive steps to reduce power usage and have a more positive impact on our environment is also so important and by taking action and changing old habits, you really can make a difference.

8. Contact your utility provider

It’s a competitive market and because utility providers actively want your business, they will fight for it and could offer you deals, even at the hint of switching companies. Looking for a bargain on your utility bills is always worth a try. Who knows? You might save hundreds over the course of a year.

Other ways to help reduce your energy bills include keeping your home well sealed and secure, to minimise draughts. Closing heavy curtains or blinds helps keep heat/cold out and cool/warmth in for better results from your cooling/heating systems. Savings might seem small but added up over a period of years, those savings could see you repay loans or even go on a much-needed holiday you might not have been able to afford before.

For the right advice on applying for a personal loan, car loan, business loan or mortgage, talk to our team of lending experts at Loans Actually.

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