Advertising
Advertising

8 Ways to Save Money on Utilities

8 Ways to Save Money on Utilities

When it comes to major purchases made throughout the year, utilities are usually an afterthought. You can remember buying a new TV or reflooring your basement, but you really don’t think of how much you spend on a daily basis on electricity, water, and heat. And it all adds up.

However, there are many ways to save money on utilities over the course of your lifetime. First and foremost, you must stop thinking of utilities as a passive expense. By remaining conscious of every time you use specific utilities, you’ll know how and when you can cut back and end up saving in the long run.

Advertising

Go solar

More and more people are starting to see the benefits of switching to solar power. Although the installation can be a little pricey, you’ll end up recouping your losses through cheap monthly payments within a relatively short period of time. You can also take measures to ensure your home is prepared for solar installation, cutting down on maintenance and other fees related to installation. With solar energy, not only will you be saving money for yourself, but you’ll also be doing your part to help the environment.

Install an irrigation meter

Many people don’t know that when you use water from your faucet, you’re being charged not just for the use of the water, but for its disposal as well. While it makes sense that water that ends up going down the drain needs to be filtered once again, not all of the water you use goes down the drain. If you have a pool, or you use a lot of water in your garden or yard, you shouldn’t be charged a “maintenance fee” of sorts until the water actually goes back into circulation. An irrigation meter will document the discrepancy between water used and water drained so the water company charges you accordingly. If you use a large amount of water for anything other than washing yourself, your dishes, and your clothes, you might be throwing a ton of money down the drain.

Advertising

Steady your water heater temperature

Your hot water heater doesn’t need to be set any higher than 120°F. First of all, water warmer than that will almost certainly scald your skin. Second of all, there really isn’t much use for water that’s below the boiling point but still too hot to touch. Lastly, setting your water heater higher than 120°F causes it to work overtime, meaning it will likely end up dying out sooner than later. Keeping your hot water heater regulated can save you around $50 a year, plus lessen your risk of needing to repair or replace it.

Use reusable HVAC filters

It’s tempting to go with cheap filters for your heating and cooling units, thinking they’ll save you money and work just as well for the time being. But, despite being 2-4x more expensive than their single-use equivalent, permanent filters will save you money in the long run for a variety of reasons. Most obviously, they won’t have to replaced year after year. They’re easily cleanable, and are meant to withstand long periods of use. As long as you keep up with their maintenance, reusable filters ensure your HVAC system is not strained to the max. Like your water heater, if you don’t strain your HVAC system, you’ll decrease the chances of having to pay for maintenance or replacement later on down the road.

Advertising

Seal your home

You wouldn’t leave your door open all winter, would you? Everyone knows this would result in massive heating bills. But you might not realize the cracks in your walls and windows are doing just as much damage as an open door would do. Check your windows and door frames for cracks that will let cold air in, and fill them up with caulk or expanding foam as best you can. Do the same for any walls that meet the outside, especially where pipes come in and out of the house. You won’t realize the difference it makes to your comfort, and your wallet, until you do it.

Use Energy Star products

From lightbulbs to TVs and larger appliances, Energy Star products are designed to save you money while saving the environment from excess usage of resources. Under EPA guidelines, Energy Star products must not cost customers more than a conventional product would. Although they may be more expensive up front, Energy Star products are guaranteed by the EPA to save you money over a 5-year period.

Advertising

Use a thermostat

As mentioned before, utilities are too often considered an afterthought. Heating or cooling your home is perhaps the most effective illustration of this concept. When it’s cold out, you’ll turn on the heat to warm you up. But you likely won’t recognize when you’ve had the heat on for too long, and will end up allowing excess energy to be expelled to maintain the high temperature. Using a programmable thermostat allows you to forget all about your heater or air conditioning and let it do what it needs to do, when it needs to be done. Better yet, if you are able to set your thermostat on a timer, you can be absolutely certain you never go over a specific amount of time or energy, and your bill will stay relatively steady all year.

Do routine sweeps

Do a quick run through of your house (after reading this, of course). I can almost guarantee you have some electronics turned on that aren’t currently in use. Maybe a faucet is dripping. Or maybe you have the heat on but left a small window open in a bedroom. Be more conscious of these little things, as they pile up over the months and years and equate to hundreds, perhaps thousands, of dollars wasted that could have gone elsewhere.

Featured photo credit: Pat Glennon / 63/365 v2.0 / Flickr via farm4.staticflickr.com

More by this author

20 Little Signs You’ve Found The One 8 Signs of a Man Who Will Never Ever Stop Loving You 8 Things To Remember When Dating Someone With A Guarded Heart 14 Signs You’re Not Drinking Enough Water Which Type of Visa Do You Need to Travel Abroad?

Trending in Budget Activity

1 6 Easy Ways to Treat Yourself 2 7 Websites to Sell Used Stuff Profitably 3 Seven Tips to Save Money While Renovating Your Home 4 4 Ways to Make Every Penny Stretch in 2017 5 Getting Out of Debt in 4 Simple Steps

Read Next

Advertising
Advertising

Published on November 8, 2018

How to Answer the Tough Question: What are Your Salary Requirements?

How to Answer the Tough Question: What are Your Salary Requirements?

After a few months of hard work and dozens of phone calls later, you finally land a job opportunity.

But then, you’re asked about your salary requirements and your mind goes blank. So, you offer a lower salary believing this will increase your odds at getting hired.

Unfortunately, this is the wrong approach.

Your salary requirements can make or break your odds at getting hired. But only if you’re not prepared.

Ask for a salary too high with no room for negotiation and your potential employer will not be able to afford you. Aim too low and employers will perceive as you offering low value. The trick is to aim as high as possible while keeping both parties feel happy.

Of course, you can’t command a high price without bringing value.

The good news is that learning how to be a high-value employee is possible. You have to work on the right tasks to grow in the right areas. Here are a few tactics to negotiate your salary requirements with confidence.

1. Hack time to accomplish more than most

Do you want to get paid well for your hard work? Of course you do. I hate to break it to you, but so do most people.

With so much competition, this won’t be an easy task to achieve. That’s why you need to become a pro at time management.

Advertising

Do you know how much free time you have? Not the free time during your lunch break or after you’ve finished working at your day job. Rather, the free time when you’re looking at your phone or watching your favorite TV show.

Data from 2017 shows that Americans spend roughly 3 hours watching TV. This is time poorly spent if you’re not happy with your current lifestyle. Instead, focus on working on your goals whenever you have free time.

For example, if your commute to/from work is 1 hour, listen to an educational Podcast. If your lunch break is 30 minutes, read for 10 to 15 minutes. And if you have a busy life with only 30–60 minutes to spare after work, use this time to work on your personal goals.

Create a morning routine that will set you up for success every day. Start waking up 1 to 2 hours earlier to have more time to work on your most important tasks. Use tools like ATracker to break down which activities you’re spending the most time in.

It won’t be easy to analyze your entire day, so set boundaries. For example, if you have 4 hours of free time each day, spend at least 2 of these hours working on important tasks.

2. Set your own boundaries

Having a successful career isn’t always about the money. According to Gallup, about 70% of employees aren’t satisfied with their current jobs.[1]

Earning more money isn’t a bad thing, but choosing a higher salary over the traits that are the most important to you is. For example, if you enjoy spending time with your family, reject job offers requiring a lot of travel.

Here are some important traits to consider:

  • Work and life balance – The last thing you’d want is a job that forces you to work 60+ hours each week. Unless this is the type of environment you’d want. Understand how your potential employer emphasizes work/life balance.
  • Self-development opportunities – Having the option to grow within your company is important. Once you learn how to do your tasks well, you’ll start becoming less engaged. Choose a company that encourages employee growth.
  • Company culture – The stereotypical cubicle job where one feels miserable doesn’t have to be your fate. Not all companies are equal in culture. Take, for example, Google, who invests heavily in keeping their employees happy.[2]

These are some of the most important traits to look for in a company, but there are others. Make it your mission to rank which traits are important to you. This way you’ll stop applying to the wrong companies and stay focused on what matters to you more.

Advertising

3. Continuously invest in yourself

Investing in yourself is the best investment you can make. Cliche I know, but true nonetheless.

You’ll grow as a person and gain confidence with the value you’ll be able to bring to others. Investing in yourself doesn’t have to be expensive. For example, you can read books to expand your knowledge in different fields.

Don’t get stuck into the habit of reading without a purpose. Instead, choose books that will help you expand in a field you’re looking to grow. At the same time, don’t limit yourself to reading books in one subject–create a healthy balance.

Podcasts are also a great medium to learn new subjects from experts in different fields. The best part is they’re free and you can consume them on your commute to/from work.

Paid education makes sense if you have little to no debt. If you decide to go back to school, be sure to apply for scholarships and grants to have the least amount of debt. Regardless of which route you take to make it a habit to grow every day.

It won’t be easy, but this will work to your advantage. Most people won’t spend most of their free time investing in themselves. This will allow you to grow faster than most, and stand out from your competition.

4. Document the value you bring

Resumes are a common way companies filter employees through the hiring process. Here’s the big secret: It’s not the only way you can showcase your skills.

To request for a higher salary than most, you have to do what most are unwilling to do. Since you’re already investing in yourself, make it a habit to showcase your skills online.

A great way to do this is to create your own website. Pick your first and last name as your domain name. If this domain is already taken, get creative and choose one that makes sense.

Advertising

Here are some ideas:

  • joesmith.com
  • joeasmith.com
  • joesmithprojects.com

Nowadays, building a website is easy. Once you have your website setup, begin producing content. For example, if you a developer you can post the applications you’re building.

During your interviews, you’ll have an online reference to showcase your accomplishments. You can use your accomplishments to justify your salary requirements. Since most people don’t do this, you’ll have a higher chance of employers accepting your offer

5. Hide your salary requirements

Avoid giving you salary requirements early in the interview process.

But if you get asked early, deflect this question in a non-defensive manner. Explain to the employer that you’d like to understand your role better first. They’ll most likely agree with you; but if they don’t, give them a range.

The truth is great employers are more concerned about your skills and the value you bring to the company. They understand that a great employee is an investment, able to earn them more than their salary.

Remember that a job interview isn’t only for the employer, it’s also for you. If the employer is more interested in your salary requirements, this may not be a good sign. Use this question to gauge if the company you’re interviewing is worth working for.

6. Do just enough research

Research average salary compensation in your industry, then wing it.

Use tools like Glassdoor to research the average salary compensation for your industry. Then leverage LinkedIn’s company data that’s provided with its Pro membership. You can view a company’s employee growth and the total number of job openings.

Advertising

Use this information to make informed decisions when deciding on your salary requirements. But don’t limit yourself to the average salary range. Companies will usually pay you more for the value you have.

Big companies will often pay more than smaller ones.[3] Whatever your desired salary amount is, always ask for a higher amount. Employers will often reject your initial offer. In fact, offer a salary range that’ll give you and your employer enough room to negotiate.

7. Get compensated by your value

Asking for the salary you deserve is an art. On one end, you have to constantly invest in yourself to offer massive value. But this isn’t enough. You also have to become a great negotiator.

Imagine requesting a high salary and because you bring a lot of value, employers are willing to pay you this. Wouldn’t this be amazing?

Most settle for average because they’re not confident with what they have to offer. Most don’t invest in themselves because they’re not dedicated enough. But not you.

You know you deserve to get paid well, and you’re willing to put in the work. Yet, you won’t sacrifice your most important values over a higher salary.

The bottom line

You’ve got what it takes to succeed in your career. Invest in yourself, learn how to negotiate, and do research. The next time you’re asked about your salary requirements, you won’t fumble.

You’ll showcase your skills with confidence and get the salary you deserve. What’s holding you back now?

Featured photo credit: LinkedIn Sales Navigator via unsplash.com

Reference

Read Next