Money Matters

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Wednesday, February 18, 2009

Today on Money Matters:

With the economy in a recession, everyone is looking for ways to save money and cut costs. Here are some ways to cut your home utility expenses.

  • Go low-flow. Replacing even one pre-1994 shower head and one faucet with flow-conserving parts can make a big difference in water usage, saving as much as $47 per year.

  • Plug a leaky toilet. A leaky toile can waste up to 200 gallons of water daily, of 73,000 gallons per year. To test, put a drop of food coloring in the tank. If it shows up in the bowl, you have a leak.

  • Flush frugally. Replace a toilet made between 1980 and 1994 with one certified by the EPA’s Water Sense program that uses less than 1.3 gallons per flush. This could save you $90 per year.

  • Buy better bulbs. At $7 each, compact fluorescent light bulbs aren’t cheap, but they use 75% less energy, last 10 times longer and by replacing 20 of your bulbs with CFLs, you could save $166 per year.

  • Ditch the old fridge. The biggest energy user in your kitchen is the refrigerator. A new Energy Star rated model will consume 40% less energy than one made eight years ago, which could save you $100 per year.

  • Install a smart thermostat. With a programmable thermostat, you can heat and cool your home when you’re there and cut it way back while you’re away. Using a programmable thermostat could save up to $180 per year.

    By combining these six ideas, you could save almost $730 per year on utility bills.


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