Home / Personal Finance / 5 Energy saving tips to follow to reduce your utility spend

5 Energy saving tips to follow to reduce your utility spend

Anyone responsible for running a household will know just how expensive it can be. In fact, your utilities alone can take a big dent out of your income; gas and electricity especially can end up costing a significant amount each month. With this in mind, I thought I would share some tips on how to reduce your utility spend, and make some essential savings on the cost of your bills.

Energy Saving tips

How much are we spending on utilities each year?
So, how much money are we actually spending on utilities each year? The team over at online electrical wholesalers The Electrical Guys have calculated the percentage of salaries that each region spends on their gas and electricity bills.

UK-wide, we spend 4.4% of our salaries on our utility bills. With an average UK salary of £28,620.80 (from the Office for National Statistics), this equates to a £1,259 spend a year. Some UK cities spend a much higher – and much lower – percentage of their salaries on utilities. Wales spends the biggest percentage, at 4.9%, and London spends the least, at 3.5%.

How to reduce your utility spend
Fortunately, there are a number of approaches we can take to reducing the cost of our utility bills. Many of them are small changes, that can be easily made, and make a real impact to our pockets.

  • Invest in LED light bulbs. LED light bulbs have a number of benefits. They light up quickly, and are available in a wide range of colours, but most importantly, they’re very energy-efficient. In fact, they use 90% less energy than other types of bulbs of similar levels of brightness – and last up to 30 years before they need to be replaced.
  • Block up draughts. Excluding drafts from your home will instantly make it warmer, meaning you’ll need to put your heating on less frequently. Cold air can enter the home from a number of places, including doors, floors, windows and skirting boards. There are a number of products you can buy to help you do this – or you can hire a professional draft-proofer to do it all for you
  • Get your boiler serviced. It is recommend that you do this once a year, to make sure your boiler is heating your home efficiently. Otherwise, you can be wasting energy trying to heat a home with an inefficient boiler. If you need to replace your old boiler why not to check if you qualify for any governmental grant, call the guys from http://grantschemes.co.uk/ as they are very helpful and thanks to them we received great help and advice and we bought a boiler make we really wanted.
  • Bleed your radiators. If you don’t feel like your radiators are heating up effectively, it’s definitely worth bleeding your radiators. This releases air that has been trapped in the radiator that can obstruct the flow of heat, so they take longer to get warm.
  • Consider energy-saving apps. Apps are great tools for monitoring energy usage, helping you to see exactly how much you’ve used as part of your budget. They help you to identify which appliances are using the most energy, allow you to adjust your heating with a click, and provide suggestions on what you can be doing to reduce your usage. I luckily got Nest during Black Friday 2017 as it was hugely reduced. If you can wait till Black Friday 2018 I am sure they will get them reduced again..

I hope you’ve found these tips useful. What do you do to reduce your utility bills? Let me know in the comments below.

About admin

I am not Martin Lewis but Martyna aka Money Saving Girl. When I first came to the UK I was on a super tight budget, so I know how hard it is not to have money or how to get creative to get 'more for less'. I share with you my money saving tips about anything which worked for me. Be it free samples, shopping tricks, iTunes, various discount apps, websites and reward programs. Occasionally I write about traveling or insurance.

Check Also

5 way to make your home pay

How to make money at home – 5 simple steps

When we think about making money using our houses one thing usually comes to mind: …