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After I Read This, I Have Saved Thousands On My Household

After I Read This, I Have Saved Thousands On My Household

These days being frugal is rather trendy. You probably already know how to save money on online shopping, cut down business costs, and get education for free, however it is the monthly utility bill that sucks up a pretty penny out of your paycheck. Start following these simple household money saving tips today and save at least an extra thousand dollar this year!

1. Fix your pipes and install low-flow water faucets

Did you know that 7 billion gallons of drinking water a day are wasted in the US? That’s enough to fill over 11,000 swimming pools! Make sure you conduct timely inspections of your pipes (at least once a year) and fix all the leaks. A dripping faucet adds extra 10% to your water bill.  Moreover, consider installing low-flow faucets which cost around 10-20$ per item. Ask yourself: do you really need a fire hydrant flow to wash your dishes or would you prefer to drastically reduce your bills?

Money saved: up to 60% on water.

2. Keep the electronics unplugged at night

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    How many electric appliances do you have at home? Think TV, microwaves, all your cell phone gadgets, laptops etc. What you may not realize is that all of them still use electricity even when they are powered off. An average US household has around 40 electronic devices powered up at any given time of the day, sucking over 100$ a year without owners even realizing it! The solution is surprisingly simple: keep all your appliances plugged into a power strip and disconnect them by the end of the day.

    Money saved: up to 5% on electricity.

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    3. Invest into Energy-star equipment

    If you work from home at least once a week or even run a home office, investing into Energy-star devices will save you a few hundred dollars per year as they consume at least 50% less electricity compared to standard equipment. For example, merely switching to energy star-labeled laptops and computers will cut down your energy consumption twice. The same goes with printers, fax machines, VoIP phones and other equipment you need to keep your small business running smooth and efficient.

    Also, think about installing access floors in your home office room to hide all the cables and wires, thus protecting them from mechanical damages (think riding with your chair over your laptop cord). Cables working at half-power drastically increase energy consumption and definitely will not help your equipment to last longer. Besides, you can use the extra space to store large items and avoid clutter. A clutter-free office looks better and makes you work harder.

    Money saved: up to 65% on electricity.

    4. Insulate your hot water heater

    By adding an extra layer of protection to your hot water heater and water pipes, you’ll save an extra 40% of heat from being wasted during cold months. There are numerous options available – from buying a 10-20$ insulating blanket (up to 40% of heat loss reduced) to spray foam insulation that typically cost around 400-500$, but will save you much more in the long run.

    Money saved: up to 9% on utilities.

    5. Seal the windows and doors properly

    Did you know that your household probably loses one-third of the heat due to drafty windows and doors? It’s the same with the cooling during warm seasons. Instead of paying extra, you can easily fix the issue by:

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    • Using insulated blinds and drapes on glass doors and large windows to regulate the heat. Also, cover up windows facing west, east and south on hot days and leave the shades up on sunny cold days, but do not forget to close them at night.
    • Replace single-pane windows with storm windows for cold seasons. That will reduce heat loss by 50%.
    • Use “low-e” transparent film to seal the drafty window for winter. It costs pennies, yet reduces the losses up to 20%.
    • Fill up all the window, floor and door cracks with caulk.

    Money saved: up to 40% on heating.

    6. Switch to fluorescent light bulbs

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      Only 6% out of all consumed electricity is turned into light by old traditional bulbs. Everything else goes into waste heat you obviously don’t need. Fluorescent bulbs cost a bit more, however they last up to 25 times longer, plus transform more energy into actual light. For example, replacing 15 bulbs could save you up to 600$ over the life of the bulbs.

      Money saved: up to 75% on electricity.

      7. Stop spending on bottled water

      Let’s do some simple arithmetic. Approximately, you pay 6$ for a standard case of water that is 0.40$ per bottle. An average family of four consumes up to 2 gallons per day which is 5.3 bottles per person a day and 2.13$. Multiplied by four and then by 365 we have over 3.000$ spent on plain water! The most basic model of a water filtration system will cost you roughly 20$ + a new filter required for every 40 gallons.

      Money saved: 2.900$ per year

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      8. Get a programmable thermostat

      If you work endlessly long hours, often go on business trips or have a lot of time to travel, getting a programmable thermostat should be your priority. It will automatically adjust heat/cooling settings according to the schedule you’ve set, thus reducing electricity and heat wastes. That’s extra 180$ saved per year.

      Money saved: up to 15% per year on electricity

      9. Use the right-sized cookware

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        Not only makes it your food cook faster and taste better, but using appropriately sized pans and pots can significantly reduce energy consumption. A 6″ pot placed on 8″ burner wastes 40% of heat. Depending whether you use an electricity or a gas cooker, you can save up to 36$ and 18$ respectively per year.

        Money saved: up to 9% annually on electricity

        10. Use the microwave to boil water

        On average, it takes four minutes less to boil a cup of water in the microwave comparing to the same action done on the stove. Besides, the appliance consumes 60% less energy. Imagine that each time you spend 3 cents less on your bill. Multiply the number by 365 and get a pretty decent amount of savings to spend on a weekend trip.

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        Money saved: 6-10% on electricity.

        11. Clean your dryer lint trap

        It seems pretty obvious, yet you probably forget cleaning the lint trap anyway. However, you should realize that this simple action will make your appliance work at least 75% more effective (less energy consumed) and increase its overall lifespan. Also, consider cleaning the dryer vent completely once in a while and occasionally washing your lint filter to reduce the bills even more and let your appliance serve you well for decades.

        Money saved: 4-8% on electricity.

        12. Take shorter showers

        Soaking in a warm bath requires 70 gallons of water on average, plus extra heating costs. While having a quick refreshing shower uses just around 10-25 gallons. It’s a no brainier that taking a shower is cheaper. But how much? Say, you like taking a 12 minute shower on average and your shower head pours around 2 gallons/per min. By opting for a 5 min shower instead, you’ll save nearly 3000 gallons per year. That’s from 10$ to 100$ saved annually depending on your current water rates.

        Money saved: 25-40% on water.

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        Elena Prokopets

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        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.

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        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.

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        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.

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        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.

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        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

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