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"Let’s Save More on Utility Bills: Save More Series Part 4"

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In the previous part of this article series, we have discussed some areas of our lives where we can reduce our expenses and save more money.

Most recently, we have discussed on how to save more money out of our gadget spendings, and we sure hope it has been working great for you!

Today, our discussion is a bit related to it, and will generally affect all of us: the utility bills.

Utility bills might seem small in the first place but will add up to a significant amount over the years. In fact, studies suggested that the average American spent 5% to 15% of their yearly earning to pay their utility bills.

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Without further ado, here are some tips and tricks on how to reduce your utility bills and turn it into more savings:

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1. Unplug

Keeping our devices plugged in all the time can cost a lot of money on a long-term basis. In fact, in average it has increased $2 billion of utility bills each year in the U.S. alone.

Desktop and laptop computers, modems, TV and cable boxes, stereos, toasters, and even iPods are some of the items that will still consume energy even when not used.

2. Use More Energy Efficient Lighting and Appliances

Switching from your old halogen and fluorescent bulbs to LEDs might cost more initially but will translate to fewer utility bills each month. LED bulbs also have significantly higher lifetime expectancy, and it will need far fewer replacements.

For appliances, look for those with energy star certification, or those with better energy efficiency technology.

3. Adjust Your Thermostat

Adjusting your thermostat right can save up to 6% of your total heater and air conditioning energy expenses, and can save up to 10% of your total energy costs.

You can also invest in the newer smart thermostat in necessary. In general, lower your thermostat by 7 to 10 degrees in winter, and raise it by 5 to 8 degrees in the summer.

To help, build proper insulation for your house, and make sure your windows are placed well to lower your heater and air conditioner needs.

4. Watch Your Refrigerator

The refrigerator can consume as high as 15% of your total energy cost, which is very significant. Make sure your refrigerator is never too full to prevent it from overworking.

Always do maintenance on a regular basis, a broken refrigerator will consume significantly more energy.

5. Go Independent

Still think you haven't reduced enough of utility bills? You can go even more extreme and go totally off the grid.

The initial investment price for solar power or wind power generator is cheaper than ever and will continue to go cheaper with each passing year.

Tesla also recently popularized using a home battery with their Powerwall product and is also aiming to reduce the price by construction a new mega factory.

Although the initial investment can be high, you will save a lot of money in the long run. In general, you can expect a return on investment after 8 years, and you will be totally free from paying any electrical bills ever again.

To Be Continued…

Read in the next part of the article series for more tips on how to save more money by reducing your expenses on other areas of your life. Stay Tuned!