Numerous
Household Bills
There are countless ways you can cut energy bills, with there being as big push towards, cheaper and greener homes. From simply switching energy supplier to using LED lightbulbs and installing loft and cavity wall insulation, it all makes a difference. Other checks, such as that you’re paying the right amount of council tax, aren’t being ripped off with phone and internet charges, can all save hundreds each year by making a few easy checks.
Here are a few of the ways you can lower your energy bill:
- In?ul?t? th? l?ft – Br?t??h Gas h?v? calculated that ?r???rl? f?tt?d loft ?n?ul?t??n ??n save a household £110 ??r year.
- R?d??t?r r?fl??t?r? – A l?rg? ?m?unt of th? h??t ?r?du??d b? a radiator is lost t? the ?xt?r??r wall. F?tt?ng r?d??t?r r?fl??t?r? ??n ??v? £40 ?n energy ???t? ?n the winter.
- Lower th? thermostat
- C?v?t? w?ll insulation.
- El??tr???t? m?n?t?r?. – D?r??t.g?v estimates that the ?v?r?g? UK h?u??h?ld could ??v? 15% off of th??r electricity b?ll by u??ng a monitor.
- Improve ??ur boiler – A???rd?ng t? the En?rg? S?v?ng Tru?t, replacing ?n older boiler w?th a new A-rated ??nd?n??ng b??l?r ??uld save households £300 ??r ???r ?n ?n?rg? b?ll?.
- Energy ?ff????nt l?ght bulb?
Personal Essentials
Outside of your home there are a lot of personal bills that can be cut when you know how. The mobile phone market is more competitive than ever now, so you should be able to find a cheaper tariff. Do you really need unlimited data, for example? Boost your income by changing banks to get the best possible rates, whether it’s in current accounts or ISAs. Selling unwanted items is another great way to increase your wealth, in the short term at least.
Vehicle Costs
Running a car, van or motorbike can be fairly expensive. Analyse how much you are spending on this and you may discover that it’s more cost-effective to sell your current vehicle and get a better deal from Robins and Day. Along with the initial purchase, insurance, fuel costs, repairs and maintenance all add up to put a big dent in your wallet. Other ways to reduce them are by driving economically, using comparison sites to find cheap insurance and opting for supermarket fuel.
Debts
Ignoring your debts will not make them go away. You need to tackle them head on in order to reduce outgoings each month. Work out how much you owe, which debts are the most important and how you will be able to pay them off. This is an essential step to ensure the good work you do cutting back elsewhere isn’t immediately undone.
Focus on these important areas and you should soon have a much more efficient and easy to manage personal finance situation.