Happy Saturday afternoon. I apologize for this week’s post coming to you late… however being in a different timezone and enjoying my #CAMomsEscape vacation will do that to ya!
Anyways, I had my account deducted this morning with my 52 week challenge payment to my Capital One savings account, how about you?
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52 Week Money Challenge – Week 9
Here’s this week’s savings tip:
It’s a classic money saving tip, but you may have shrugged it off as it’s no big deal because it is so simple and you didn’t think it would make much of a difference, but trying to cut your electricity use in your home can really save you a lot of money in the long run. One winter, we did this and saw our bill go down by $30 simply by being conscious on how much we were using.
There are several ways you can watch your electricity use, and depending on the season, these can change but here are some to get you started:
Unplug when not in use. It may seem silly as far as saving electricity, but if you have appliances that are plugged in when you are not using them such as the TV, Toaster, Coffee maker and even your washer and dryer, you are paying for it. Electricity continues to run through these appliances even if you are not actively using them just simply because they are plugged into the wall. Get in the habit of unplugging, even if it is just when you go to bed at night or leave the house and you will start to see a couple dollars come off your bill each month.
Use fans to distribute heat and cool. In the winter, use fans to help point heat in the right direction and in the summer, make sure cool air is moving around the house effectively by using fans. Don’t make your air conditioning work harder by not giving it a leg up. When we did this, we found that our home stayed cool and the air conditioning didn’t need to kick on all day.
Weatherize your home. People often think of weatherizing as something you really need to do in the winter, but if your home is sealed well, you will see it stay cooler in the summer as well. Simply applying new weather stripping on doors as well as making sure to check for leaks of air can make a huge difference. One trick to check for these leaks is to get near suspected ones with a lit candle. Blow the candle out. If the smoke does not go straight up like it should, you have an air leak.
Shut off when not in use. This means everything from the lights to electronic devices. A lot of people keep their computers on all the time, only putting them on “sleep” mode when they are done for the night or day. Turn them off and you will not only be saving electricity, but the fans inside your computer as well. Don’t run the TV as background noise. Instead, if you like to not sit in silence, run a radio. It uses much less energy.
I hope these tips can help you save some money on your electrical bill this year. Make sure you come back next week for another Money Save Way Tip. To see previous week’s tips, click on the links below. Make sure you download the 52 Week Money Challenge Tracker as well.
It’s not too late to join the 52 Week Money Challenge.
Why should You join the 52 week money savings challenge?
Most families are on the constant look out for ways to save more money. This challenge is easy and doesn’t require you to do a lot each week. It starts out with just saving a $1 on the first week. Or, if you’re doing the challenge in reverse, then $52 bucks.
It’s an easy way to save money and it does work if you apply just a little self-discipline and you are determined to save money. And having a goal is a good way reach your saving objective. Below are a few saving goal:
- You can use the money you saved to pay for your Christmas at the end of the year.
- Go on a vacation
- Jump-start a college fund
- Pay off debt
- Buy a car
- This could be your first time actually saving money in a bank account
The reasons for saving extra money are endless!But the key is getting started!
People tend to do better when faced with a challenge (of any kind).
- You will receive a weekly email reminder telling you to make your deposit into the bank or jar
- You will also receive a weekly savings tip on a way that you can save that week.
- You will receive inspiring stories and ways to save money each week!
- Many people and blogs start out doing this challenge within their communities. But by March, most have fallen off the band wagon. As you can see,by just looking at our 52 weekly challenge archive, you can see that we kept up with it each week.
- I’ve personally and successfully completed this money saving challenge two years in a row! I am doing this challenge right along with you and to encourage you along the way. And if you need to tweak it to fit your families needs, save more , etc. then I am here to help you with that too!
- You can find out more about the 52 Week Challenge HERE
So, let’s get started! Sign up today to start receiving the 52 week money saving challenge newsletter!