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Tweet1 Share56 Pin115 +15 Share1 Reddit Stumble970 Email Buffer2Shares 1KThis past week as marked a turning point in the South with temperatures noticeably dropping and long sleeves and pants making their comeback out of the depths of our closets. Electricity costs can eat up a substantial portion of your monthly budget if you are not careful.
But, there are ways that you can curb the cost of electricity, lower your heating costs, and save on your electric bill this winter. If you can slip a sheet of paper under your door frame or between the frame and the door itself, then the gap is too wide and you are losing precious warm air to the outside elements.
You are essentially trying to heat the whole neighborhood like our parents always complained about when we were growing up.
One of the biggest places that you lose the battle of hot air escaping from your home is where you enter your attic.
One of the best ways that you can save on your electric bill and fix the problem is by installing an attic tent that securely fits over the hatch, and you can zip and unzip it to enter your attic when needed.
Many electricity companies offer home energy audits that can help you locate where some of your heat is escaping your house and raising your electricity bill. Have you ever wondered why you fully heat your house while you are at work or while you are on vacation?
Having an efficient Energy Star rated water heater can save you up to $300 on your electricity bill each year. My wife and I bought a new home that barely had anything other than a gaping hole in the wall where the dryer vent went out of the wall to the backyard. Most electricity companies allow you to smooth out your bill after they have twelve months of usage data built up on you and your family. Some months you will pay more than the electricity that you are actually using, but in the summer and winter months when your usage is high, you will still be paying the same amount for your electricity. If you want to learn more about taking back control of your money please subscribe to Money Q&A’s RSS feed or via email to receive all the latest articles!
I have heard that some libraries actually loan out energy monitors (KillAWatts) so that you don’t have to buy one! I have gone for LED’s under the assumption these were the most energy efficient is that right ? I routinely see my electric bill almost double during the winter while I switch on my home’s electric heating unit. Below are ten easy and simple ways to keep the drafts out of your home and your wallet this winter while you save on your electric bill. One way to solve this problem is by installing door sweeps and weather stripping that can block the draft and keep your warm air inside.

Some electricity companies offer an online version of the audit, and others even come out to conduct a comprehensive in-home version. But, replacing even just the light bulbs of your two or three most used lights in your house with compact fluorescent light bulbs (CFLs) and help you to see a drop in your electric bill by $40 per light bulb over the course of its lifetime.
If you had an automatic programmable thermostat installed in your home, you could set it to increase the temperature right before you got home from work in the winter and to decrease it right after you left in the morning. Have you ever wondered how much it actually costs you when your children leave their bedroom lights on while they are at school? Knowing exactly how much something costs to run or leave on will make you think twice about leaving it running in the background or while you are away.
Switching from washing your clothes in hot water to cold water can save you over 40 cents per load.
Turning down the temperature on your water heater can also be an easy way to save you money on your electricity costs. A cheap collar around the opening and the pipe was an easy fix to block the hot air of the house from escaping with our dryer lent into the yard. While this will not exactly save you money, per se, it will help you budget your money better because each monthly payment will be the same. What’s your favorite way to save money on electricity either in the winter or even all year around? Sign up for Money Q&A’s Email Newsletter, and we’ll send you a regular digest of our newest articles each week as well as exclusive giveaways, deals, and tips just for our email subscribers that are full of the answers to your most pressing money, investing, retirement, insurance, and other financial questions. I have probably tried most of them, but would like to try the energy monitoring gadget as it would really appeal to my competitiveness and it would make it easier to visualise the actual savings you make. I want to try an energy monitor so I can start charging my kids for leaving their lights on. I’m looking into getting a new door frame, and forgot to take weather stripping into account.
I have a programmable electric baseboard heater where I can set it to go off automatically, or just turn it off when leaving my bedroom. To balance your income with your expenditure, you have to be very careful about your utility bill as well.
In fact the average home using heating oil spends over $320 per month and gas users pay over $160 each month according to Money magazine. If you make big upgrades to your home, many states offer incentives for those improvements that can save you almost 75% or more of the upgrades. You can set it to do the opposite in the summer of course too which will help you save on your electric bill.

If you wash as many clothes as my family of four, then that can add up to some real savings over the course of a year that you save on your electric bill.
Since door sweeps are installed into pre-existing doors, do you have any energy saving suggestions for door installations? Most experts recommend that you turn your water heater’s thermostat down to 120 degrees Fahrenheit. Hank holds a Master’s Degree in Finance and a graduate certificate in personal financial planning. To save electricity during summer, we try our best not to open the refrigerator too often and only open it when necessary.
I’ve found a local place that makes custom door frames and will likely start working on it soon. This can range from switching off the electrical devices after use to doing proper maintenance and servicing of the electrical appliances.
Before trying these 10 ways to save money on your electric bill, you have to understand the different appliances that consume more power.
Once you pay attention on this, it will be easy for you to find ways to reduce the electric bills. With the advancement of technology, the use of electric and electronic devices has increased considerably. The most important thing about this is that many of these appliances consume power automatically, where we ignore or neglect to check their power consumption, only to find a huge bill during each month. Knowing this can help you take an important step forward to reduce power consumption in your home or office, thereby saving your valuable money. This will demand more frequency of pumping water and this will add on to the additional cost of your electric bill. Normal light bulbs use considerably more amount of electricity when compared to LED lights. Make sure to educate all at home to switch off all the electrical appliances and unplug the electronic devices once they have finished using it.
This will need an initial investment, but once installed, you can use this efficiently without the fear of changing electricity bills, as it helps save a lot of energy consumption.

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