According to a recent survey from the Australian Government, the average Australian household spends $1225 per week on living costs. With living expenses on the rise, it often makes it difficult to see how getting financially ahead is a possibility – whether you are saving for a holiday or simply want to contribute more to your mortgage. By making some simply switches in your weekly routine, you will find is less challenging to put a little extra aside each week to help you reach your goals.
1. Switch out the globes:
Switching over your regular light globes to more energy efficient light globes is one of the easiest and most effective ways to reduce your electricity bill.
Take a trip to Bunnings and change all the incandescent light globes at home to energy efficient LED ones. Whilst the initial cost of these are more than the traditional bulbs, they last up to 5 times longer and can save you up to 80% on energy consumption and costs. Another great tip to reduce the lighting costs around your home is to install sensor lights for the front and back yards of your house so they are only on when needed, and to replace garden lights with eco friendly solar powered ones.
2. Change shower habits:
We can all be guilty of taking those long, luxurious hot showers – but the reality is that these unnecessary luxuries can blow the weekly budget.
According to the Australian Government, hot water usage consumes approximately 25% of our homes energy and is a the largest producer of greenhouses gasses for the average Australian household. So by cutting down on shower times you will notice a significant savings on your hot water bills and help the environment!
Also – if you have a heated towel rack… it might be time to rethink it – it is estimated that is costs $200 per year to fun!
3. Be smarter with the washing:
Our washing routines are a costly adventure – by making sure that you wait until you have a full load before washing you can cut down on energy costs and water usage. Washing in cold water is also a way to keep the usage costs down!
Secondly, consider if you really need to use the dryer – whilst it may take longer to dry things in the winter times, limiting the use of the household drying can save you hundreds over the year. For the times where using the dryer is necessary, make sure that you have a high star energy efficient dryer. A one star energy rated dryer uses nearly 6 times the amount of energy to run than a 6 star energy efficient dryer per run!
4. Go generic:
Wherever possible, switch brand names for generic brands on your supermarket shop. You will not notice the difference but your wallet certainly will. Also where possible, by in bulk and portion out servings to save money.
For more information on how to get on top of your household budget and maximise your financials, please call Solid Group on (03) 9690 2666