10 Top Tips for Reducing Household Expenses

Regardless of the economic climate, it is always a savvy move to assess your expenditure and look for ways to cut your energy costs. Small changes can make a big difference to your energy efficiency and reduce your outgoings significantly.

1.       Know Your Accurate Energy Usage

Do not pay for estimated resources. Using a smart meter will tell your exact energy consumption and means you simply pay for your actual confirmed gas usage. So many customers are unknowingly trapped into paying for estimated energy, which can be very costly.

2.       Secure an Suitable Tariff

Once you have established your actual gas and electric consumption using a smart meter, speak your energy supplier regarding the various available tariffs.

There are over 120 tariffs available for energy in the UK and there is definitely one to suit all households. Being more assertive in this area can save you money instantly.

3.       Let There Be (Energy Efficient) Light

Lighting accounts for up to 40 per cent of our individual electricity bills.

Change light bulbs to energy saving bulbs for a progressive way of reducing your energy expenses. As energy efficient bulbs last ten times longer than normal high-watt bulbs, any cost in making this switch will be quickly recuperated.

Although many days in the UK are dismal, cleaning windows and opening blinds means that rooms can generally be lit with natural light.

4.       Don’t Tumble Dry

Tumble drying your clothes is one of the most financially and environmentally expensive appliance usages. Though energy efficient products are now available, try to make use of any other means you have for drying clothes.

During the winter months, fill indoor clothing racks and radiators within items to be dried. Summer washing is generally less of a problem, with warmer temperatures meaning you can hang loads of washing outside to dry naturally.

5.       Switch Off Electrical Equipment

Turning your electronic equipment off at night can cause impressive yearly reductions in your expenditure. Encourage the family to turn all laptops, consoles and computers off during the night, and unplug phone chargers when not in use.

Simply switching off a computer overnight saves £35 on the cost of running the equipment 24 hours over the course of a year. Once you have factored in the number of computers and other electronic equipment in your home, this could amount to quite a saving.

6.       Moderate Your Heating

Turn your heating down by just one degree. Such an unnoticeable alteration to your thermostat holds the potential to cut your energy bills by a whopping £55 per year.

Enhance your savings by becoming more energy efficient. Rather than switching on heating and cooling systems, use doors and windows to regulate temperature.

7.       Invest In Energy Saving Appliances

Most appliances on the market now offer detailed insight into their environmental impact. Buying eco-friendly products not only benefits the climate, it also benefits your pocket. The lower the amount of energy the appliances consume always equals lower energy bills for your household.

8.       Reduce Water Waste

A dripping tap can cost up to £400 per year. Paying out for plumbing services now will definitely save on your water bill.

Rather than bathing daily, swap alternate baths for showers. Showers typically use 35 litres of water, whereas baths take more than double this amount at 80 litre of water per tub. Though this varies depending on the type of your shower, according to South Staffs Water, power showers still save approximately 20 litres on the average bath.

9.       Replace Your Old Boiler

If your home currently uses an old G-rated boiler, of 15 years of age or more, then you may find that investing in a new A-rated boiler will save you money long term.

Gas burning boilers eat energy and money and are a costly way of fuelling your home. The government currently offers £400 to those who are looking to purchase a new energy efficient boiler, with companies such as British Gas doubling this grant.

10.   Insulate Your Home

Alongside grants for new A-rated boilers, companies are being encouraged by the government to offer discounted (and free) loft and wall cavity insulation. Take the time to see if you are eligible for this as it can make your home significantly warmer, reducing your reliance on central heating.

Be assertive to how you are using resources within your home, small changes can make a big ecological and economic difference.

This is a guest post.

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