Don’t flush your hard earned cash down the toilet. Household costs can really eat into your personal budget. Prior to becoming a personal financial consultant, I was never really good at watching my utility bills. I’ll go over some general ideas on how to save on household utility costs that I found helpful when I learned how to manage money. My first step was to create a comprehensive budget. If the expenses were over what they should have been based on my income, I found ways to reduce them. You should create a budget too, as your first step in your quest to discover how to manage money.
The Four Major Household Utility Expenses
Water – We all waste a lot of water in this country. Lengthy showers, giant flowing toilets, etc. I will cover this topic in my next post. In the meantime, take the first step on how to manage money and discover each way you’re wasting water in your home. Find answers onways of }how to conserve water in your home in our next post or at my site at how to manage money tips, and save your family money.
Gas – For anyone reading in warmer climates, this might not be a problem. For anyone from the north, however, we use a lot of gas to heat our homes. Here in Barrie, we are forced to turn on the furnace no later than late October due to the cold and it’s often on until at least mid-April. That’s close to six months of costly heating. One important step in how to manage money as it relates to your gas bill is to discover ways to reduce heat escape. We’ll deal with this in Part 3.
Electricity – Do you have kids or anyone else in the house who always leaves the lights on. This is a huge zap to your financial status and can be a signal of someone who doesn’t care about how to manage money. In Part-4 I will show you several very helpful ways to help you hedge your electrical bill.
Phone / Cable / Internet – This is probably one of my biggest home expenses. There are too many options for us, and we usually learn after signing the contract that the unmentioned costs add up pretty quickly. This is also a need versus want category. Do you need the total satellite package, do you subscribe to pay-per-view movies? Well I won’t preach, but in Part 5 I will show you how to manage money and reduce your phone, internet and cable bills and still have plenty of services.
So as you’re understanding how to manage money and reduce household utility expenses, create a solid budget and use other useful financial calculators to help you putting your expenses down on paper. This will help you organize everything on one page so you can see all the areas you can minimize spending. For these, you can search online, check google, or check our resource link.