How to Cut Down Your Utilities Bill

Now that it seems likely we’ll be facing a double-dip recession most of us will be looking at more ways to tighten the belt whilst the fat-cats carry on stuffing their faces with cake and Champaign – ok – that’s enough politics – there are serious matters at hand here, so let’s take a look at how we can help ourselves instead of just crying about it!

Below are some splendid energy saving tips that should help you save quite a bit of coinage in the coming year – remember you might not have the time or energy to put all of these into action but even one or two of them could have a notable impact on your finances.

No Investment Required

Wash smart – taking a shower uses around 50% less water than a bath, which means you’ll be saving up to 10% on your overall heating bill – and if you have a water meter you’ll also be saving on water rates too.

Wash smart #2 – make sure you only run your washing machine with a full load or ensure you set it to a low energy/eco-friendly setting to make sure you’re not wasting hot water and therefore money.

Cook smarter – when you’re boiling water in a pan make sure you always keep the lid on as the water will boil much faster and  will waste less energy. Also don’t put too much water in the kettle, just use as much as you need for your tea. If we all followed this simple rule for a whole year the UK could save enough electricity to power half the county’s street lights for the next year!

Minimal Outlay

Have a Light Bulb Moment – energy saving bulbs have now dropped in price and they’re now so efficient they use up to 80% less electricity than a traditional bulb and can last up to 10 times longer. In their average lifespan an energy saving bulb should save you around £45.

Get suited and booted – well – not a real suit, just a jacket, and for your boiler not for you. This is relatively easy going in terms of effort and cost; buying a 75mm jacket for your boiler should save you around £40-£50 a year so the boiler-jacket will pay itself off in just 3-4 months.

Radiation Measures – if your radiator is on an external wall you could be losing as much as 20% of your heat through the walls. Instead purchase radiator panels and place them behind these radiators to help reflect heat back indoors. This could save around £60 a year for the average family.

Higher Cost Options

Feed from the Sun – sadly for us locals the UK is not the sunniest spot in the world – but it should still be worth considering solar panels. Costs vary widely from supplier to supplier but the average UK household could generate around 40% of their total electricity bill year on year so it should be fairly easy to calculate if it’s a cost effective solution for your home.

Double Glaze to Feel the Blaze – this is one of the more expensive options but in the long run it’s as simple as this – twice as much glass equals half the heat loss. Double glazing also cuts down noise pollution so your home will be more of a relaxing and tranquil environment. Installation costs vary widely but with savings of around £150 a year compared to a non-double-glazed home this is an investment which will slowly but surely pay for itself with dividends.

Insulate don’t Hesitate – many homes in the UK don’t have adequate or any loft and cavity-wall insulation. If you live in an old building you’re probably losing around 30% of your heat through the roof. Insulating an average family home’s loft costs around £200-£300 but should save you around £150 a year so it would have paid for itself in just 3 years. The same can be said for wall insulation which also has roughly the same cost/benefit ratio.

With this list of potential money saving options you should be ready to face 2013 with a lighter heart when it comes to worrying about your energy bills.

I am a copywriter and poet with a bachelor’s degree in English Language and Creative Writing. I have worked in various marketing & creative roles since 2001. My aim is to publish at least one novel before I die – so far I have had 2 poems published internationally in print as well as some online. In my professional capacity I currently work for an advertising agency in London.

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Some of us work hard, pay our dues, but are still flat broke at the end of the month. Then there are those who seem to cruise through life and they are always doing the things we cannot afford to, despite the fact that they have a worse job and yet still drive a more expensive car than that which we drive. It is okay to feel aggrieved, but when you realise those people are bouncing from one loan to another and are rapidly reducing their spending power, it is also okay to feel a little happier. The problem is that those kinds of people always seem to manage to scrape their way out of a financial mess right at the last minute, but is that any way to live your life.

What is a Good Reason?

We all know the answer, nobody wants to dread letters coming through the door because they don’t know if they are going to be able to pay them or not, that’s why it’s important to make sure we use loans responsibly. That doesn’t mean we shouldn’t get ridiculously in debt for a family holiday to Cancun, it just means we shouldn’t do it twice in a year, although many people do just that. On a less serious note, some people have come up with some crazy reasons for loans that are definitely worth sharing.

Top Five Mad Loan Reasons

1. I want to buy a pet snake, Spider, Monkey or other exotic animal

Fair enough, exotic animals need the correct environment and a great deal of care. Bills at the vets are liable to run into thousands if animals lack proper care, but borrowing a few thousand pounds to kit out a spare room like a Brazilian rainforest is a little eccentric. It’s a little more worrying when there is not spare room and the person states that they live in a one-bedroom flat.

2. A loan for a Friend

One sure way to lose friends is to lend them money. Well, that’s not strictly true. Lending the money is fine; it’s asking them to make repayments that often cause the arguments. If someone cannot get a loan, it’s usually for a reason so you are well advised to leave them to deal with their own problems. Things come to a head when repayments are late and the friend is out on the town every weekend.

3. Borrowing to Invest

In all fairness, most businesses borrow to invest, but that is a lot different from someone taking out a personal loan to invest in a business venture or worse, the stock market. There is no safe investment out there that provides a better income than the cost of a loan; otherwise, the loan companies would put their money into those investments instead of risking it with customers.

4. A loan to pay off  a loan

This is not to be confused with a debt consolidation loan, which in certain circumstances is very useful. The type of loan that is not useful is the kind that people use to cover missed payments, late payments or any other short-term problem. People are far better off when they speak to the company they have a loan with and explain the situation.

5. A loan for Cosmetic Surgery

This is a new one, but both men and women are becoming so conscious of their appearance, they are prepared to take out huge loans to achieve a certain look. The problem is they are rarely satisfied even after spending thousands and of course, the cost rises even higher when interest is on top. Most plastic surgeons offer finance solutions to customers and this is nice little side earner for the practice who already rakes it in with the surgery costs.

Most people are not silly enough to get themselves in a great deal of debt because of something as stupid as the five reasons here, but we are all guilty of putting the odd thing on a credit card when we know it’s not a necessary purchase. The important thing to do is make sure you stay within your means. In other words, live the life you can afford to live and avoid plastic surgery, exotic pets and high maintenance friends if you want to protect your credit record.

William Bancs is a writer who enjoys blogging about his financial experiences and often writes interesting articles to offer advice to help loan companies communicate better with customers.

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With gas and electricity bills in the UK constantly on the rise, many people are looking at ways to improve energy efficiency in their home.

Here I look at a number of great ways of not only saving energy at home but also saving a fair bit of money too.

Keep In The Heat

There are a number of measures you can take in order to keep in the heat.

Curtains are one of the simplest measures to utilise in regards to saving energy; after all many of us have them fitted in our homes. Simply drawing them in the evenings and opening them in the morning to let a little natural light in can greatly help keep the warmth in.

Give The Home A Makeover

Now I don’t mean in any 60 Minute Makeover home decorating kind of way, but looking at the fundamentals such as cavity insulation, insulating hot water pipes and tanks and lagging the boiler. It is also worth getting your boiler serviced each year, as inefficient boilers can end up costing you much more on your energy bills than a properly maintained boiler ever would.

Loft insulation is another great way to lock in the heat, saving energy and a few quid to boot.

If you have the funds available, double or triple glazing offers another way to keep the warm in and might make the home a little quieter too, at least from external noise.

Once you keep the heat in, knocking the thermostat down by a single degree will then actually cut down your heating usage by as much as ten per cent – a great way of saving energy.

Standby Is Not Your Friend

Far too many of us are guilty of leaving gadgets and gizmos on standby rather than turning them off at the mains. It might not seem like much, but it is estimated that as much as £730m is wasted across the UK by having DVDs, TVs, computers and the like on standby rather than switched off.

Light Bulbs

By fitting energy efficient light bulbs in your home instead of regular bulbs, it may cost more in the short term, but in the long term it will save money as they not only last longer, but will also help cut your electricity bill down.

Hang Me Up To Dry

Investing in indoor clothes and hanging up your washing the old school way can also cut down the bills over using a tumble dryer, so if you haven’t already started airing your laundry out the old fashioned way, today could be the perfect day to start.

Other Measures

Draft excluders, only using the amount of water you really need, showers over baths – there are a number of other great ways to save a pretty penny on your energy bills, so experiment and see which measures work well in your household.

So if you’ve had a nasty surprise when your energy bill arrived this month, challenge yourself to save energy.

Louisa Jenkins is an energy expert who offers people advice on saving energy in their home.

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Nobody likes to pay extra fees and, unfortunately, a lot of people fall victim to hidden fees when they first open an account. This can be avoided by reading all of the fine print, but it’s best to start with a bank that has no fees or minimal fees. Whether you’ve just gotten your first checking account or just setup a new bank account for a job that you just landed, you’re bound to run into some fees. This can come as a surprise to a lot a people and often times it leaves them financially crippled.

It’s understandable that banks have to charge fees, they do offer quite a bit of services that can take up resources, and you’ve got to admit that a lot of banking features can come in handy. The ability to pay bills online, manage your accounts and transfer funds can be very helpful to a lot of people. Even so, a lot of the fees seem to be a bit pricey. The increase in fees has drastically increased within the past couple of decades, and it really makes you wonder how they’re determining the costs. It’s really no fun to check your bank statement and see a bill of $200 just for doing your normal banking routine.

The best way to avoid this is by finding a financial institution that has no or minimal fees. If you’re the type of person who just uses a bank to cash your paycheck, you can avoid a lot of fees by just getting a basic account. A good portion of banking fees come from accounts that have various bells and whistles. If you’re only going to be taking out money once a week, or even just making debit transactions, you should choose a banking account with basic features.

Now, I realize that nobody likes to read a wall of text about a bank’s fees or service agreements, but it can save you from many headaches. Looking through the fine print will allow you to be familiar with all of the types of fees and how to avoid them. If you feel that the terms and conditions print is too complicated, you should give your financial institution a call and have a representative thoroughly explain all of the fees to you. If you’re still unsure which type of account you should choose, tell the representative what kind of features you’ll be using and ask them to find an account type that suits you.

You can also find a lot of lower cost banks by researching online. A simple Google search of a bank’s name along with the word “review” will yield pages and pages of information. Read through some opinion and base your decisions off of what other users have to say. You’ve got a lot of options, so there’s no need to go with the first bank you come across.

Larry Gray has worked with Cyprus offshore banking for 10 years and is educated in various financial aspects. 

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You need to start planning now if you want to have some money set aside for next year’s vacation. But how can you go about doing this without succumbing irrelevant purchases and overspending on lavish dinners? For some families, saving up money for a year-end vacation is a breeze. For others, it can be quite a challenge. In the following sections, we’ll provide you with a few key tips for helping you save money for your own year-end vacation.

Set Your Sights on Your Destination

First and foremost, you have to stay committed to whatever saving process you decide to take. If you can’t then chances are good that you’re going to overspend in areas where you shouldn’t. One of the best ways to stay persistent is to remind yourself why you are saving. Post pictures of your travel destination on your computer desktop and talk about your plans with co-workers and friends. This will ultimately increase your motivation and help you stay focused when saving money.

Use Your Miles

If you are someone who travels a lot then you can use your miles to earn a free flight at the end of the year. Keep in mind that the amount of miles that you’ll need ranges from carrier to carrier and it also depends on where you are traveling to. In general, you can acquire free flights by accumulating anywhere between 10,000 and 30,000 miles. This can be a quick and simple step to take when you are trying to save money on a year-end vacation.

Start a “Travel Fund”

Not only is starting a “travel fund” a lot of fun but it can ultimately allow you to save up a lot of money in a relatively short amount of time. Take note that there are a few golden rules that you’ll want to follow when taking this route. The first is that you shouldn’t remove money from this fund unless it is an absolute emergency.

One tip that you could utilize is putting your money in a separate bank account where you won’t be able to see it on a daily basis. Secondly, try to put at least 10% of your monthly income into your travel fund. While it may not seem like a lot at first, this number can quickly add up and provide you with a hefty fund to utilize at the end of the year for your travels.

Noc likes to travel and start saving at the beginning of the year for a big trip and sometime uses Travel Advantage Network to create lifelong memories.

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