Tips for Saving Money on Utility Bills During Colder Months

Tips for Saving Money on Utility Bills During Colder Months – Winter is arguably the least enjoyable and longest season of the year. Extremely cold temperatures, dry skin, layers of clothing, reduced daylight hours, and icy roads all contribute to this perception. Many people complain about higher energy bills in winter, primarily due to the increased use of heating appliances.
Here are several common household appliances and tips for reducing their energy consumption during these brisk months.
Water Heater:
Warm water is essential during the colder months, but your water heater can consume up to 20 percent of your home’s energy. To save money, set the temperature to 120 degrees Fahrenheit and ensure your water pipes are insulated. Your household habits can significantly impact your water heating costs. Take shorter showers instead of long baths, avoid letting water run unnecessarily (when brushing your teeth), fix any leaks promptly, and consider installing water-saving fixtures like low-flow faucets and showerheads.
Lighting:
General lighting is needed in every room to create a comfortable and inviting atmosphere, and it accounts for approximately 10 percent of your monthly electric bill. Switching from incandescent bulbs to energy-efficient LED bulbs is the most cost-effective option, as they consume 90 percent less energy and last significantly longer. Consider installing dimmer switches, upgrading outdated fixtures, choosing ENERGY STAR® certified products, and turning off the lights when leaving a room.
Washer & Dryer:
Laundry is necessary to keep our clothes clean, but it can be expensive. Your washer and dryer account for approximately five percent of your household utility bill. To save money, wash full loads with cold water, regularly clean the lint trap, and air dry clothes whenever possible.
Dishwasher:
Your dishwasher accounts for about two percent of your household utility bill. To minimize costs, run full loads and maintain the appropriate water temperature (too cold may not clean effectively, while too hot can damage dishes). Regularly clean the dishwasher by checking for clogged nozzles and food debris and consider skipping the heated dry cycle by allowing dishes to air dry.
TV / Computers / Tablets:
Although we spend a significant portion of our waking hours in front of screens, televisions, computers, and tablets, energy usage only accounts for three percent of our monthly utility bill. To conserve electricity, turn off these devices when not in use and activate sleep mode when stepping away.
Refrigerator:
Refrigerators run constantly and consume approximately 10 percent of household energy. “While keeping your food fresh is essential, there are several ways to reduce energy consumption. Maintain a consistent temperature, ensure the doors are properly sealed, clean the coils at the back of the refrigerator, and place frequently used items like dairy products and beverages close to the doors to minimize the time the door is open.
Ovens and Stoves:
Electric ovens and stoves account for about three percent of your electric bill. While reducing cooking costs can be challenging, there are still effective strategies. Cook in bulk to maximize oven usage, thaw food safely beforehand, and use the microwave for smaller portions. Note that using your oven in the colder months can also help heat your home.
Managing utility bills during the colder months doesn’t have to be daunting. You can reduce energy consumption and save money by adopting simple, mindful habits. These small changes can help ease the financial burden and contribute to a more sustainable lifestyle. Winter may bring its challenges, but with these tips, you can stay warm and keep your energy costs under control.
This is intended for informational purposes only. You should not assume that any discussion or information contained in this document serves as the receipt of, or as a substitute for, personalized investment advice from Savant. Please consult your investment professional regarding your unique situation.