Over the past few months, you’ve probably noticed your favorite brands or food items have cost more to purchase. Inflation is making headlines everywhere and impacting the way Americans spend and save. Currently, the annual rate of inflation sits at 6.8% which is the highest it has been in since 1982. More people are feeling the effects and struggling to stretch their pay checks to cover fundamental costs such as utility bills. To help, here are 5 simple ways to reduce your monthly costs.
Energy Saving Personal Heaters
Energy-saving personal heaters are a fantastic way to save money on your electric bill while still maintaining heat around the house. Cozy’s Eco-Save Heater operates the same way as a traditional 1,500 watt space heater, but it only uses half the energy. This product allows the user to lower their thermostat and stay warm while saving on their electric bill.
Fix leaky faucets and change aerators
Check your home for dripping faucets, running toilets, or leaks under sinks. Even a small leak can drive up your water and electricity expenses (if leaking hot water). A leaking faucet can cost you $20 a month, and a running toilet can use 200 gallons of water per day and cost $75 to $150 a month.
By using an aerator with a lower GPM output, or “gallons per minute,” you can restrict the amount of water flow coming from the tap. This can drastically reduce the amount of water wasted to lower your water bill, as well as reducing your usage of hot water to save energy.
Seal cracks around windows and install door sweeps
For a low-cost weekend project, you can seal air leaks around your windows and external doors with weatherstrips and save 5%-10% on your heating and cooling bills. Door sweeps are the small pieces of rubber or vinyl at the bottom of your door that effectively cover the gap where the door meets the bottom of the frame. They help regulate the temperature indoors and have an added benefit of discouraging unwelcome pests such as bugs and mice. Insulating your windows and doors can provide huge benefits to your comfort level and your monthly energy bill.
Grow your own produce
Groceries aren’t exactly a “utility” bill, but who doesn’t want to save money at the store? Improve your family’s health and save on groceries by growing your own produce. Get started on your own vegetable or herb garden with Cozy GroMats. The GroMats maintain proper environmental control for delicate seedlings to grow and flourish during winter months. These mats only use 90 watts of energy and are one of the most efficient ways to grow plants indoors.
Switch to LED bulbs
Phasing out your incandescent bulbs and switching to LED light bulbs is one of the most efficient ways of reducing energy around the house. According to ComEd, a 60 watt incandescent bulb can be replaced with a 6-11 watt LED. Although the initial price of an LED bulb is more expensive, they also last up to 25 times longer than an incandescent light bulb. You’ll unlikely to ever have to change the bulb again!