Follow These Tips to Save on Your Utility Bills This Summer

June 11, 2014

utility bill costsA long list of responsibilities come with being a homeowner, including paying additional utility bills. Rising fuel costs and a colder-than-average winter led to many families paying higher heating bills than ever before. In fact, propane heating hills were up a whopping 54 percent this past winter, while natural gas costs rose 20 percent, heating oil rose seven percent and electric heat prices rose by five percent.

To keep your household budget in the black this summer, focus on cutting down your utility bills by following the tips outlined in the

“Seven Tips for Saving Money on Your Utility Bills” article on the Equifax Finance Blog.

  • Borrow a wattage meter – Many local libraries allow you to check out one of these energy-monitoring devices for free. Just plug it into small and medium-sized electrical devices in your home to find out how much energy they’re using, as well as identify appliances that use “phantom” power (meaning that they draw power even when they’re off.)
  • Close up energy leaks – Caulk small openings or cracks near plumbing pipes, vents, drains and fireplaces. Check windows and doors for air leaks and add weather stripping where it’s needed. You can also add foam gaskets behind drafty wall switches and electrical outlets.
  • Upgrade to a programmable thermostat – Set the thermostat to heat or cool your home appropriately based on your family’s schedule to automatically save energy. Also, be sure to change your filters regularly so your furnace or heat pump works at peak efficiency.

To learn more ways to save money on your utility bills, read the full article above. For more tips on your personal finances, credit history and more, be sure to visit the Equifax Finance Blog.

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