As inflation and economic uncertainties increase, the rising cost of living is affecting thousands of families across the country. As utility bills and various other daily expenses become difficult to manage, it becomes essential to find areas to cut back on and save.
However, when it comes to budgeting, it can be difficult to effectively manage money and find the right balance between saving and spending. Fortunately, saving money on utility bills is an option.
Don’t worry, it doesn’t involve cutting back on essentials for comfortable living or going off-grid. With a few simple steps and a little initiative, you can successfully save money on your utility bills.
To help guide you through the process, we bring you this article on how to save money on utilities without substantially compromising your standard of living.
Whether you want to save money on utilities to make room for other expenses or simply manage your budget better, this guide will help you achieve your goal.
Let’s get started.
Finding the Best Suppliers
When it comes to purchasing groceries or finding the best electricity rates, it is a great idea to research suppliers. The competition among utility suppliers is always changing, so researching and finding the best prices for your utilities is essential.
By comparing various suppliers on comparison websites, you can effectively find the least expensive supplier for your utilities and switch over. Fortunately, most switches are incredibly smooth and hassle-free.
What’s more, negotiation is also something that occasionally works. With a simple call to your supplier and a few bargaining tactics, you could be on your way to saving money on utilities with a payment plan that is better suited to you.
Ensuring Energy Efficiency
Energy efficiency can be improved in the following two ways. The first one revolves around replacing your current appliances with energy efficient appliances. This may include LED bulbs, smart thermostats, energy efficient boilers, motion-sensing lights and so much more. While these may come with a higher upfront cost, they can significantly reduce your utility bills and save money in the long run.
Alternatively, if such a big investment isn’t a viable option for you, you can simply try to be more proactive about the usage of your electrical appliances. Keep an eye out for appliances that are not in use but still turned on. Turn off lights, television and other appliances when you aren’t using them. Make sure you’ve turned off all appliances before leaving the home. These simple tips can help you avoid wastage and reduce utility bills significantly.
Seasonal Tips to Save Money on Utilities
Utility bills are majorly affected by seasonal changes. In fact, the increasing cost of heating has been a major problem for families in the UK for the past few years, especially over winter.
For winters, consider investing in a thicker duvet rather than cranking up the heat. If you are really struggling, you could also consider applying for a boiler grant offered by the Government to get energy-efficient boilers installed in your home. These grants can help you cover a substantial portion of the cost and help you save money in utility bills and installation costs.
During the summer, make sure you use as much natural light as you can and consider opening the door rather than turning on fans, or if you have it, air conditioning. Adjust your thermostat and turn off the heating when possible. Furthermore, hanging your laundry in the sun instead of using the tumble dryer can also save money on utilities.
Water Conservation
While trying to manage utility bills, the first and easiest thing to do is to get your water usage under control. This means getting all your dripping taps fixed, purchasing a water-saving showerhead and leaving no loose taps.
Simply being more mindful of your water usage during showering, brushing your teeth and washing the dishes is an excellent way to reduce your utility bills.
Furthermore, if you want to look at more advanced water-saving solutions, you could consider installing systems that allow you to use water from the sink and showers to flush the toilets. Thereby saving a considerable amount of water wasted on flushing.
Choose Salad Money for Emergency Personal Loans
As we’ve seen, it doesn’t take a major effort to save money on utilities. With a few simple tips and informed choices, you can keep your household running smoothly while making savings.
However, in certain trying situations, if you find yourself in need of emergency funds, remember that Salad Money is here to help.
As one of the largest CDFI consumer lenders in the UK, we offer loans specifically designed for employees with bad credit.
At Salad Money, we believe that the traditional credit score system can sometimes be unfair. That’s why, our More Than Your Score loans are accessible to all public and private employees.
If you’re wondering how that’s possible? Click here.
What’s more, we are a regulated lender, which means you can rest assured that you are in safe hands. Applying for one of our new loans doesn’t impact your credit score. We use Open Banking in our initial assessment. If successful, we report your loan to the CRA’s (Credit Reference Agencies). Your credit score won’t hold you back from being eligible.
To apply for our More Than Your Score loans, click here and for more articles like this one, visit our blog page!
