8 Smart Ways to Lower Your Bills This Year
Managing household expenses can be challenging, but you can significantly reduce your bills this year with simple, smart strategies. Here are some practical tips to help you save money.
1. Opt for Energy-Efficient Appliances
Investing in ENERGY STAR-certified appliances can save you about £360 on energy bills annually. These appliances are designed to use less power without compromising performance.
While they cost more initially, they pay off in the long term through lower utility bills. Additionally, consider using the eco-mode feature to maximise efficiency if your appliance has one.
2. Unplug Vampire Appliances
Many devices consume electricity when turned off but remain plugged in. These energy-draining appliances account for 23% of power loss.
A power strip can help — simply switch it off when not in use. Smart plugs are another great option, allowing you to control appliances remotely and set schedules for electricity savings.
3. Switch to LED Lighting
LED bulbs can reduce lighting energy consumption by up to 80%. They last significantly longer than halogen bulbs and consume a fraction of the power.
The bulbs also come in a variety of brightness levels and colours, making them a versatile choice for any room in the house. Motion sensors or smart lighting ensure lights aren’t left on unnecessarily, increasing savings.
4. Seal Those Gaps
Did you know draughty windows can account for up to 30% of energy loss from home heating? If your house feels chilly despite cranking up the heat, you might be losing warmth through tiny gaps around windows and doors.
By sealing these gaps with weatherstripping or caulk, you can keep the warm air in and the cold air out. This lowers demand on the heating system, which reduces power bills, particularly when it’s freezing.
Another budget-friendly option is using thermal curtains to block draughts while adding a cosy touch to your home. If you live in cold and wet climates, storm windows and doors are a great option.
5. Maintain Your HVAC System
Routinely maintaining the heating, ventilation and air conditioning (HVAC) system ensures it operates efficiently. A clogged air filter can force your system to work harder, increasing power consumption and leading to costly repairs. It can also trigger respiratory problems and allergic reactions, introducing unanticipated health costs.
So, consider changing your filters every two months and schedule annual professional maintenance. Keeping vents clean and unblocked also allows air to circulate more effectively, maintaining occupants’ comfort and health.
6. Be Mindful of Water Usage
Being strategic with water usage can lower both your water and electricity bills. To achieve this, consider installing low-flow showerheads and tap aerators to control water consumption without sacrificing pressure.
Fix leaks promptly to save gallons of water, considering a single dripping tap can waste up to 3,000 gallons — or 13,500 litres — per year. That’s the equivalent of 180 showers. Additionally, consider collecting rainwater for outdoor watering and using a dishwasher instead of handwashing, as it typically uses less water.
When doing laundry, wash full loads rather than small ones. Running cold water cycles can significantly reduce energy use, as heating water accounts for a large portion of consumption. Whenever possible, air-dry your clothes instead of using a dryer. Hanging clothes on a drying rack or a washing line can save money and help extend the life span of your garments.
7. Cut Down on Subscription Services
Take a closer look at your monthly subscriptions, including streaming services, magazines and gym memberships. Many forget to cancel services they no longer use, adding to unnecessary expenses.
Use a budgeting app to track and review your subscriptions regularly. Consider sharing family plans for streaming services or opting for free alternatives to paid subscriptions.
8. DIY Where Possible
Developing practical skills can transform your approach to spending. If you have the knowledge to do something yourself, you don’t have to hire or outsource. Consider learning money-saving skills like:
- Basic home repairs.
- Simple car maintenance.
- Haircuts and personal grooming techniques.
- Meal preparation.
- Minor clothing repairs.
- Home cleaning and organisation.
Sign up for an online course today and get started on a journey of self-sufficiency.
Your Financial Freedom Starts Now
Remember — the goal isn’t perfection but progress. Start with one or two strategies and build from there. Your wallet will thank you.
