Struggling to Save? Save Money on Your Household Bills With These Tips

Everybody could do with saving money. Whether you’re well off or not, saving money and ending up with a few more pounds in your pocket is never a bad thing. As energy providers continue to hike their prices, it’s important to look ahead to see where you could be saving. These tips will help you save some cash, and allow you to put your money to better use. Nobody likes to be ripped off, especially when they could be getting stuff cheaper… Here are our top tips for saving money on your household bills.

Turn Down Your Heating

It’s easy to feel the cold as soon as Autumn comes, but rather than turning on your heating, why not put another layer on? Turning your thermostat down by 1C could save you around £80-90 a year according to the Energy Saving Trust. These are big savings for just a little change, and could really help make a difference in lowering your household bills. As well as lowering the temperature on your thermostat, try and wait as long as possible before actually turning your heating on. Only turn it on when it is genuinely cold, not when there’s a small chill. Also make sure your heating isn’t set on a timer to turn on when everybody is out. Heating an empty home is a huge waste of energy.

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Shop Around for Home Insurance

Unfortunately, when it comes to insurance companies, loyalty doesn’t pay. Avoid auto-renew policies, and make sure you shop around for the best price every year. Though it may take a little extra time, it’s worth it for the extra pounds you could be saving. Moneysupermarket found that households could be saving up to £60 a year by shopping around and switching providers. Unlike car insurance, there is no free claims bonus, so prices will stay around the same each year.

Fit a Water Meter

Without a water meter fitted, your water bill will be determined based on the size of your home. How much water you actually use is irrelevant. If you get a water meter fitted, how you are billed will change. Water meters mean that you are charged for your exact usage, rather than an estimation based off the size of your home. Here is a water meter calculator that can help you determine hw much money you could be saving if you made the switch. If you switch to a water meter, you usually get a 12 month period during which you can switch back to your old fixed charges if you’re finding you’re paying more. A good rough rule to follow is that if you have more bedrooms than people in your house, you’re probably better off with a meter.

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Shop at Value Supermarkets

It’s easy to be drawn in by premium brands promising nice packaging and high quality products. However, the standards for supermarket own brand food is much the same no matter where you shop. Try to save money on your household bills by switching from branded to own-brand products. Supermarkets traditionally use loaded language such as “basic” or “luxury” to entice people to pay more for products that are exceptionally similar. It’s a consumer sensory overload of colour and design that is meant to tempt you into paying more for products just because they look or sound good. Similarly to brands, certain supermarkets are also associated with luxury such as Waitrose or Marks and Spencers. Try shopping at cheaper supermarkets such as Lidl or Aldi and see if you can notice the difference to your purse.

By making some of these changes, you could make big savings on your household bills. Every penny makes a difference, and any money you save can go towards other things. Just imagine what you could do with an extra £1000+ each year just by following these four tips. There’s plenty of other ways to save money on your bills – what are your best tips?