4 Simple Ways to Save on Your Next Power Bill

Saving Money is a Breeze!

For the past few months, I have noticed a trend with my Georgia Power bill- It keeps going up! I’m not the only one experiencing this either. If you are looking for some ways to see a difference and keep your wallet a little fatter, check out some suggestions for simple ways to save your cents. ENERGY STAR estimates that a knowledgeable homeowner or skilled contractor can save up to 20% on heating and cooling costs (or up to 10% on their total annual energy bill) by sealing and insulating.

Air Sealing


Many air leaks and drafts – like those around windows and doors – are easy to find because they are easy to feel. But holes hidden in attics, basements, and crawlspaces are usually bigger problems. Sealing these leaks with caulk, spray foam, or weather stripping will have a great impact on improving your comfort and reducing utility bills.

Programmable Thermostat


Did You Know?

The average household spends more than $2,200 a year on energy bills – nearly half of which goes to heating and cooling. Homeowners can save about $180 a year by properly setting their programmable thermostats and maintaining those settings. When I first bought my house, I made sure that I had a programmable thermostat. However, I later found out that I was not optimizing my saving because of that temperatures I programmed the thermostat to, actually caused it to work harder. Thus, I was not saving $$$ 😕

Proper Use Guidelines for Programmable Thermostats (from Energy Star)

Through proper use of a programmable thermostat (using the four pre-programmed settings) you can save about $180* every year in energy costs.

Rules of Thumb for Proper Use:

  1. Keep the temperature set at its energy savings set-points for long periods of time (at least eight hours), for example, during the day, when no one is at home, and through the night, after bedtime.
  2. All thermostats let you temporarily make an area warmer or cooler, without erasing the pre-set programming. This override is cancelled automatically at the next program period. You use more energy (and end up paying more on energy bills) if you consistently “hold” or over-ride the pre-programmed settings.
  3. Units typically have two types of hold features: (a) hold/permanent/vacation; (b) temporary. Avoid using the hold/permanent/vacation feature to manage day to day temperature settings. “Hold” or “vacation” features are best when you’re planning to be away for an extended period. Set this feature at a constant, efficient temperature (i.e. several degrees warmer temperature in summer, several degrees cooler during winter), when going away for the weekend or on vacation. You’ll waste energy and money if you leave the “hold” feature at the comfort setting while you’re away.
  4. Cranking your unit up to 90 degrees or down to 40 degrees, for example, will not heat or cool your house any faster. Most thermostats begin to heat or cool at a set time, to reach setpoint temperatures sometime thereafter. Units with adaptive (smart/intelligent) recovery features are an exception to this rule — Adaptive recovery units are constantly calculating the amount of time required to heat or cool the house, so that it reaches that temperature when the homeowner programmed it. By “examining” the performance of the past few days the thermostat can keep track of the seasons. In this way, your house is always at the comfort levels when occupied, but saving the most energy when unoccupied.
  5. Many homes use just one thermostat to control the whole house. If your home has multiple heating or cooling zones, you’ll need a programmed setback thermostat for each zone to maximize comfort, convenience and energy savings throughout the house.
  6. If your programmable thermostat runs on batteries, don’t forget to change the batteries each year. Some units will indicate when batteries must be changed.

*The $180 savings assumes a typical, single-family home with a 10 hour daytime setback of 8° F in winter and setup of 7° F in summer, and an 8 hour nighttime setback of 8° F in winter and a setup of 4° F in summer.

Lighting


Change to compact florescent light bulbs. They provide bright warm light while using 75% less energy than standard lighting – they also generate 75% less heat and last up to 10 times longer. Replacing a 100-watt incandescent bulb with a 23-watt compact fluorescent bulb can save you up to $30 in energy costs over the life of the bulb. Learn more about ENERGY STAR lighting products.

Power Strips


Use a power strip as a central “turn off” point when you are done using equipment. Even when turned off, electronic and IT equipment often use a small amount of electricity. U.S. households spend approximately $100 per year to power devices while they are in a low power mode, roughly 8 percent of household electricity costs. Using a power strip for your computer and all peripheral equipment allows you to completely disconnect the power supply from the power source, eliminating standby power consumption.

I was watching The View not too long ago, and they had a surge protector that had a timer on it. The timer turns the outlet off after a pre-selected time. According to the show, charging your cell phone and other electronic devices overnight kills the battery. The power strip with the timer will not only save you on energy cost, but will also lengthen the life of your electronic devices.

Want More Ways to Save, Check out these tips from ENERGY STAR


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Changes in Our “New” Economy

This morning I replied to the question,What lifestyle changes have you made in our “new” economy?   Here is my reply:

Creating the blog She Makes Cents, has been one way were I am held accountable for my financial decision…since I’m blogging about it. In our “new” economy and for research for my site, I now do the following:

  • I make spending and saving goals for the month. Then I tell the people around me my goals. That way, when I start to slip or go regress to old habits, I have a support system to help keep me on track.
  • I am notorious for going to restaurants multiple times a week. I now make sure I eat before leaving the house and I pack fruit and random snacks in my bag. That way, when I start to get “snacky” I don’t have to make a trip to the vending machine, closet Chick-fil-A, or restaurant.
  • I track my spending. EVERYTHING! I tried it because of a suggestion from this financial writer. It really adds some perspective to your spending habits and it made/makes me think hard about my purchases and the motivation/emotion behind them. (You can download the original template I used from author Catey Hill, here).
  • I opened an alternate email account and I send email coupons and store sign ups here.
  • Before I go out, I check out Groupon Now, HalfOffDepot.com, & Living Social. Why pay full price when you can get a better deal on the same product and service?

    I have more tips; check out SMC Money Journal & Fix Your Finances!

This question got me thinking about you SMC readers.

What changes have you made, if any, in our “new” economy?

Have you benefitted from any advice you read on here?

I’d love to hear from YOU!

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Missoni for Target!

This is a sneak peek so…this is all the information I have.

Missoni Designer Collaboration

It looks like Italian brand, Missoni, is the latest Designer Collaboration for Target. Designer Collaborations is an expansion of Target’s existing designer fashion program and each collection is available only for a limited time. This particular collaboration will only be available at select store between September 12th – October 22nd. . Designer Collaborations is a unique program that features well-established designers who draw inspiration from a collaborative partner, muse or creative element. It is a new and exciting way of delivering the latest styles to our contemporary female guests at the prices they expect from Target.

In the meantime, check some of my favs from the Missoni Brand:

Missoni Ad

Missoni Ad

Did I mention that Missoni has also tapped into knits for your home?

Missoni Pattern

Missoni

As I get more info, I will pass it along…

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How the Debt Deal Affects You, Your Future, & Your Money


President Barack Obama is scheduled to speak on the debt deal today at 12:15 pm. While people are spending quality time giving their opinions on what was decided and placing blame, I would rather take this time to explain exactly how some of the decisions will directly affect YOU! To be honest, I haven’t been following the “debt ceiling crisis” of 2011 because it quickly became childish with Twitter wars and the blame game. One thing I know for sure is that undergrads and postgraduate students will be hit hard. As a means to recover funds to keep the nation from further defaulting on their loans, the government has decided to end subsidized loans for graduate students. Subsidized loans are loans that do not accrue interest as long as you are still in school. Traditionally, you would begin to pay the loan with interest back 6 months after you get your degree. Now, graduate students will have to start paying on their loans while in school. CNN Money adds, “Under the agreement, a special credit for all students who make 12 months of on-time loan payments would also be axed.”

What about the undergrads?

I remember a time when I thought that you go to high school and get good grades so that you will get into a great college. You then go to a great college and continue to get good grades so that you will graduate, get a great job or continue for your Masters, JD, or Med School. Like magic, I thought this was the automatic path for good students. It wasn’t until I graduated from Spelman that I realized exactly how poor the economy was. I also learned during that time that my competition in the work field and for graduate school was not only recent grads, but also older adults who have been in working and building their resume’s for years. That was my first major adult reality check.

What about the undergrads looking for entry to graduate school? Or even people like me looking to go back to school to get another degree. As I see it, education is getting more expensive and unfortunately, students who would benefit from expounding their knowledge in their intended field are forced to place economics over education. Does it make you feel better to know that the cuts are expected to save the government $21.6 billion (with a B) over the next ten years….?

What do you think?

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How to Get FREE Stuff on Your Birthday


Today is August 1st and my birthday is in 10 days!!! In honor of my birthday and all of the August birthdays out there, I am in the process of creating a list of places that give birthday freebies. I was inspired to do this after reading an article about a 35 year old man by the name of Matthew Geniesse who redeemed about $300 in birthday freebies. Basically, all you have to do is sign up (via email) to these places and they send you stuff in the mail and your email. Every year I get something from Loehmanns, Victoria Secret, DSW, Bath & Body Works, and now I have added Benihana to the list because I signed up for their “Chef’s Table Email List” and they sent me a $30 gift certificate to use for my entire b-day month!

Today I signed up for Swagbucks, because I hear you get 50 extra swagbucks for your birthday. I will let you know at the end of the month how everything actually turns out.

Donna Freidman, a freelance writer for Smart Spending blog and Surviving and Thriving complied the list below.

Tips from the pros

There’s an art to grabbing gratis goodies. Keep these strategies in mind:

  • Set up a dedicated email account for birthday swag. Even if a business promises not to sell your info to marketers, it will likely send regular messages about sales and promotions.
  • Sign up for multiple offers, then s-t-r-e-t-c-h that celebration by dining or going out for dessert out as many times as you can in your birthday month. It helps to have friends who don’t mind being the buy-one half of the BOGO offers.
  • Call to make sure the local store accepts an offer (some franchisees opt out of national promotions).
  • Bring your ID and a printout of the offer, and tell the server ahead of time, not after the check has arrived.
  • When dining out, base your tip on what you would have paid, not what you actually paid.
  • Once your child ages out of the kiddie offers, sign him or her up for the appropriate grownup ones.
  • If it’s a “no purchase required” offer, such as a free bath product, don’t feel obligated to buy something. Just say “thank you” and go.

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