How would you like to have an extra $590? Your everyday habits are likely costing you a lot of money on utility bills. I researched some common mistakes people make (me included!) with energy consumption. I came up with 8 different things that we can do better to cut our utility bill usage and save more money.
Nest Thermostat – my favorite thermostat. I have 2 in my home now. Not only do they help save energy but the app is really cool. You can change the temp from your phone or ask Alexa/Google.
Below are links to some of my favorite credit cards. The rewards can be beneficial if you pay the balance in full each month:
Citi Double Cash – 2% cash back on all purchases
American Express Blue Cash Preferred – 6% back on groceries
Some of these links may provide a referral bonus.
The information discussed on this channel is for educational and entertainment purposes only. It should not be considered advice. Please do your own research and I encourage you to seek professional tax, legal, and financial advisors, before taking any actions or making decisions.
Flames – Dan Henig
Leveled Up – Bad Snacks
what's going on guys Dustin here so in today's video I'm going to show you eight easy steps to save over five hundred dollars on your annual utility bills so the numbers I'm using today are based on the average electric bill which is gonna be a hundred and eleven dollars and sixty seven cents for the average American so the first thing you can do is just increase your thermostat whenever you're not home according to energy gov if you increase your thermostat by eight degrees while you're away at work I can actually save you up to 10 percent on your electrical bill and one good option for this is to get a programmable thermostat I currently use nest as a programmable thermostat and I've been really happy with it and don't go buy it at full price there's two things you can do one check with your energy company because a lot of times they'll give you a rebate I received a $50 rebate back when I purchase mine from my energy company and the second thing you can do is wait until like Black Friday or some other holiday shopping event and a lot of times they'll run them on sale and so when I bought mine I actually got $50 off because they're running a special and then I also applaud the coupon code that I get from an energy company and so I got $100 off so don't go pay full retail you'll be able to get it for cheaper and if you don't spend the money on an S you can also get a thermostat and put it in for about 50 bucks the next thing you can do is actually leave your doors open throughout your home a lot of people think that if you close off your doors then you're limiting them out the space that you're having to cool and so with the door shut actually cutting down the square footage that you're cooling well that actually does is it makes your system run much less efficiently it's still cooling the same square footage because the vents are blowing into those bedrooms but you're creating an imbalance between the air intake which is in the main part of the house versus the bedrooms and so it actually increases the pressure and so you think about like a balloon when you blow it up the air on the inside of the balloon is pushing against outer walls well the problem with your house is you've got areas that this air can escape so like windows and doors and even cracks and walls where air can slowly escape and so you're letting cool air out because you're building up this pressure and so if you keep all your doors closed thinking that you're cutting off that square footage it's actually costing you more money because the air intake is going to be less efficient and you're actually going to put more strain on your AC system and you think about how an a/c unit works you know it actually I have no idea how an a/c unit works but what I've read about is you're cutting off the air intake from the square footage of the output so the next tip is use a ceiling fan as opposed to AC and so there's a couple things you can do with ceiling fans one when it's just moderately warm and you don't really need the AC use a ceiling fan instead and that can keep you cool as a postseason they see the other thing is a lot of people think that if you leave a ceiling fan running when you're not in the room it's going to keep the room cooler I see the fan just actually moves the air in the room around as opposed to cooling it down and so while it may feel a little bit cooler because you're filling that air blow off of your skin it's actually not cooling the temperature down of the room and so your AC is gonna run just as much if you leave that same thing going and while it's still thin doesn't cost that much to run it still cost more than nothing you can cut your electric bill by as much as seven percent which would be over 93 dollars by using a ceiling fan more often next thing you can do is just unplug unused electronics and so I've always had a really bad habit about this of electronics that I don't use that often and I just leave them plugged in so that when I come back I can just press the button and turn them on well all electronics use some electricity when they're plugged in even when they're not on it's called phantom electricity and even though you're not actively turning it on things like TVs and phone chargers and lamps and anything that's plugged into the wall is using a little bit of electricity and when you have dozens of items plugged in around your house if you're not actively using it early adds up and it's estimated that you can save anywhere from a hundred to two hundred dollars by just unplugging all these electronics that you're not using every day so the next tip is to use off-peak Electrical hours and so if you look at the schedule that you can get from your energy company they probably have different rates depending on what time you're actually using electricity if you can do things like wash your dishes and clothes and a lot of energy intensive activities if you can do those in these off-peak hours you're gonna save as a significant amount of money so looking at my own rates depending on the time of day that I'm actually using electricity you can actually save fifty-nine percent on your energy cost by using electricity later in the evening as opposed to the middle of the day during peak hours and so another thing you can do depending on the type of dishwasher you have is actually use the dishwasher as opposed to wash by hand because if you're like me what you do and you're washing by hand is you leave the water running the whole time you're grabbing dishes and you're scrubbing them all off and then putting them up average modern dishwasher ease is about 13 gallons of water to run one cycle whereas the average person hand washing dishes uses as much as 25 gallons of water and so if you have a high-efficiency dishwasher you can save as much 20 cents per load which would add up to about 40 dollars a year next thing you can do is wash your clothes on the cold setting as opposed to the warm setting I don't know why but it seems like it would just help a little bit if you use the warm setting and you're worried about using hot because you think your colors are gonna bleed but actually the warm setting really doesn't do anything more and the cold setting under your washing machine it doesn't clean any better by using the warm setting of the post the cold setting the only thing it does is it just increases the cost because you're using hot water which takes energy to heat by just using cold on your washing machine you can save about 60 dollars a year another really helpful tip that a lot of people don't know about is you can have your energy company come out and do an energy audit on your home they'll do things like put weather stripping on your doors and replace light bulbs they'll provide a lot of services that you wouldn't expect and according to energy gov you can save anywhere from 5% to 30% so let's just say that you're gonna save 5% that's gonna be a savings of about 67 dollars over the course of a year and then tip number 8 is insulate your hot water heater so especially if you have an older hot water heater you can get a sleeve to insulate your hot water heater for about 30 bucks online and that's about what you're gonna save an annual cost so after the first year it's basically paid for itself and the easiest way to check is if you go and you touch your hot water heater if you touch the tank and it's hot to the touch that's energy that's being lost and you're paying for that because that hot water heater is having to constantly hear you heat that water and keep it warm so that when you turn it on you get hot water almost immediately and so now for a couple bonus tips so the first one is just call and ask for discounts and this goes not only for your utilities but also for any service providers or yourself on your inner insurance companies just call and ask them hey what discounts can you offer me and you'll be surprised at how many will give you a discount whether it be you know 20 or 50% even if it's for a short period of time gonna save you a lot of money and something a lot of people don't even think about doing and so maybe you pick a couple hours one day and you just go through your list of all your expenses and you just call them one by one or you do it once a week you just call one service provider once a week over the course of several months you're going to pick up a lot of savings that way what I've seen from my internet service provider is I'll call them one month and they won't have anything for a discount and then I call back the next month and I've got a new promotion that they're running and I could save you know twenty thirty dollars on my internet the second tip I have is if you're a homeowner like I am and something breaks or something stops working my first gut reaction is oh my gosh I've got to call somebody to come fix this well I'd say pause just a second go on YouTube and see if you can find an instructional video because I've saved hundreds if not thousands of dollars by overcoming that first gut reaction and actually doing the repair myself some of the just random things that I've done around my house and keep in mind I'm probably the least handy person I know and so I've installed my own doorbell I've installed my own thermostat I repaired a dishwasher that wasn't draining properly I repaired a washing machine that was clogged up sometimes repair seems so major but then it's just a little fix when I repaired my dishwasher I was thinking that I might have to replace it but it's actually a $15 part and it was super easy to do it's just a matter of actually watching the video and then trying to do it myself you know if it comes down to it as long as you don't get electrocuted or you don't spray water all over the house then you can always call in an expert once you realize you're in over your head on a project okay guys so that covers it so that's how you can save at least five hundred dollars on your utility bills just implementing a few of these can go a long way and to start saving you some money so if you enjoyed this video please remember to drop down and hit the like button and go ahead and subscribe hit that notification bill it will be notified any time upload a video and I'll see you next time