How to save money on your utility bill

Some things in life are necessities, having a roof over your head, food to eat, and energy to use in your home. As utility costs rise, you might want to look for ways to reduce your utility bill and save money. Try some of these tips to save money on your next utility bill.

Clean your appliances

Did you know that cleaning appliances in your home could save energy and reduce your utility bill? That’s because when some appliances are dirty, they need to use more energy to run.

Take your refrigerator, for example. When your refrigerator’s coils are dirty, the appliance needs to use more energy to cool your food. If you clean your appliances regularly, they’ll run more efficiently, saving you money in the process.

Unplug your devices

When you power down your home computer or television, you might think that you’re done using energy, but this isn’t the case. Devices left plugged in continue to use energy. So, unplug large devices and appliances when they aren’t in use. Your wallet will thank you.

Switch off utilities

If you’re traveling or won’t be home for more than a day, try turning off your air conditioner, and other utilities. Why waste this energy when no one is there.

Manage your home temperature

For each degree of air conditioning or heat you’re using, you’re spending more money. The less you change the temperature in your home, the better when it comes to your wallet. Keeping your home around 24°C should still be comfortable while saving you money at the same time.

Seal gaps in windows or doors

You probably don’t realize it, but there may be small gaps in the cracks of your windows or doors. While these may not seem like a big deal, they could be causing outside air to come in. Why does that matter? Well, if you’re using your air conditioning or heat, the more air coming in from the outside, the more energy you will use to cool or heat your home. You can prevent this by sealing windows or doors throughout your house using caulk, putty, or anything else that will help seal the gaps.

Limit hot water usage

To get water hot it must be heated, which uses energy. The hotter your water, and the longer you leave it running, the higher your utility bill will be. So, try and limit your hot water usage to save money. If you’re up to it, take a cold shower! This won’t just save you money, but has amazing health benefits as well.

Quick wins around the house

You’d be surprised at the small things that can be done around your house to help cut costs. Try some of this tips which will reduce your energy bill:

Save money, and the planet

Saving money on your utility bill isn’t just about you, it’s about using less energy. By using less energy, you’re helping the planet as well, which should make you feel even better. Think about trying one or two of these ways to save on your energy costs, and the next time you get your utility bill, you might find that they saved you some money without much effort.

The views shared in this podcast are for general information and educational purposes only and do not constitute financial, investment, legal or tax advice. Listeners should seek independent advice from a qualified professional before making any financial decisions. Emirates NBD Bank PJSC accepts no liability for any loss arising from reliance on the content discussed.

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