For many of us, when the high of a payday settles, we tend to start calculating and portioning our salaries into monthly expenditures. Besides groceries, fuel, entertainment, clothes, you’ll be putting aside money for a house mortgage or rent. Moreover, if you have children then you would definitely want to put some money aside for college expenses and other savings.
Another constant significant monthly expense are utilities. Ideally, you should not be spending more than ten percent of your monthly income on home bills. However, this may vary depending on where you live, as utilities may generally be higher or lower in some areas and even cities.
Every Little Bill Counts
Making big savings on your utility bills is often just a matter of adopting certain habits. You may not realize but practicing turning off the light or when you leave the room. Keeping your phone or other mobile device charger unplugged when it’s not in use can help you make savings of up to ten percent.
You should turn off any switches when they aren’t in use. Especially for appliances such as electric kettles, toasters, that don’t need to be powered on or plugged in all the time. If you try this for a month or may be longer, then you’ll notice a reduction in your bills.
Reduce the Number of Vendors
There are many vendors who offer billing services for multiple utilities. For instance, many gas suppliers can cover you for electricity billing. Moreover, a variety of internet providers may have you covered with clubbed packages for cable. Internet and Landline services as well as mobile data. These can be quite economical as compared to having separate vendors for various reasons. For instance, you will not be paying VAT and services charges to multiple vendors.
Watch out for Festive Deals
Many vendors offer great packages by clubbing multiple services in a package. In addition, you should also keep a lookout for festive deals. Vendors can often reduce the price of a package by up to fifty percent. If you would like to benefit from these deals the best time would be Christmas, Easter and bank holidays etc. or any other local festive days in your location.
Use Energy Efficient Products
There are a variety of energy efficient products such as light bulbs that you can get for great prices. Also even if they are priced slightly higher than their non- energy efficient counterparts. They’re a great investment in the long run considering the savings you can make from their installation.
Remember nothing is impossible and making savings on your utilities is easier than you think. Money wasted is not just going to crunch your bank account but it’s also going to put a damper on your plans for the future. Small changes can lead to large savings. Giving you peace of mind that you’re covered for rainy days and hep you work towards buying that dream home or investment property.