From electricity and gas to insurance, phones and broadband, your list of household bills might seem endless. The good news is, there are ways to bring your spending down. If you’re feeling the financial pressure, take a look at the following three money saving tips.
1) Make your home more energy efficient
Apart from your rent or mortgage, your energy bills might be your biggest regular expense. To keep these costs under control, it’s well worth looking at ways to make your property more energy efficient. Did you know that improving the insulation in your home could save you hundreds of pounds each year? For an estimate of how much you could shave off your bills with the help of loft, cavity wall or solid wall insulation, you can visit the websites of energy efficiency experts like the Snug Network.
Think about draught proofing the areas around your doors and windows too. Also, when you’re replacing appliances like your fridge, washing machine and tumble dryer, look out for models with the highest energy efficiency ratings. It’s a good idea to switch to energy-saving lightbulbs as well. Bear in mind that lighting accounts for around 18 per cent of the average person’s electricity bill, so these savings can really add up.
2) Shop around for the best tariffs
Inertia is your worst enemy when it comes to household bills. Simply sticking with the same energy, phone and insurance providers year after year without investigating the alternatives could cost you big. So, be sure to shop around to see if any other companies are offering better deals and don’t be afraid to ask your existing providers for more competitive tariffs. Sometimes, a simple phone call is all it takes to switch to cheaper deals – and if you don’t ask, you’ll never know.
3) Only pay for what you actually need
A surprising number of people are shelling out for goods or services that they don’t actually need. By cutting any unnecessary payments, you could save yourself a tidy sum. For example, if you have mobile phone insurance but your handset is covered under your home policy, you’re effectively paying for this protection twice. Also, if you’re being charged for TV channels you never watch, consider opting for a cheaper package. You might be surprised by how much money you can save by reviewing your outgoings like this.
OK, so covering your household bills may always be a bit of a stretch, but by following tips like these, you stand to bring your spending down.