It’s never the wrong time to spruce up your finances – making savings, whatever the time of year, will always be beneficial. Saving a few pounds here and there adds up quicker than you think and cutting back on various aspects of your finances can help massively overall.
You may not think that cutting a few quid from your British Gas energy bill or assessing your shopping bill will make much difference but you’d be surprised. In fact, tackling your energy usage alone can be enough for you to see a considerable change over the year. But, how do you do it?
While electricity prices are forever changing, there are plenty of ways in which you can maintain a low monthly bill. First thing’s first – choose an energy tariff that suits your needs. People all over the country settle for whatever tariff they are placed on when in actual fact, there’s better suited tariffs available. Take a look at the dual fuel tariffs that combine both gas and electricity supply into one manageable plan and make sure you shop around to find the best plan for your personal requirements.
Next up – look at your thermostat. Finding it a little chilly on a mild evening? Grab a jumper or snuggle underneath a cosy blanket rather than meddling with the thermostat. If anything, reduce it by 1 degree – it can save up to 10% on your bill.
Have you ever considered investing in insulation? While new builds are incredibly well insulated, older houses aren’t typically quite so lucky. Cavity wall or loft insulation may be a bit of an outlay, but overall, these measures can cut your energy costs immensely.
You’re not just helping the environment if you wash your clothes at 30 instead of 40 – you’re helping your purse too. Reducing the temperature as well as popping it onto its quick wash function will reduce your energy consumption and save you money. Are those clouds in the sky spitting? If not, hang laundry out to dry rather than using a tumble drier – pegs are a lot cheaper than electricity.
These simple steps will not only help the environment in which you live, but will also go a long way to improving your personal finance. Start taking the necessary steps, today.