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Tip # 2: Turn down your thermostat 3 degrees!
Since it’s the beginning of the month and there’s starting to get a chill in the air (at least where we live), we thought this would be a good place to start with this tip.
Turn your thermostat down 3 degrees (even more at night when you go to bed, just use an extra blanket). If you have a digital thermostat, set it to go down at…
… night and back up a few degrees in the morning. Also, if you all leave the house for work or school, set it to go down when no one is home. (That’s free money!)
How much can you save by doing this? Traditionally, research shows that you save about 3% on your heating bill for every degree you turn back on your thermostat. So for easy math, let’s assume you will save 10% on your monthly bill by reducing your temperature 3-4 degrees.
If you have a $200 monthly bill, your savings would be $20 a month.
Multiply this by 12 and you get a $240 savings per year.
If you have a $300 monthly bill, your savings would be $30 a month.
Multiply this by 12 and you get a $360 savings per year.
You can follow the same principal for your Air Conditioning as well.
We know, this is not the most fun way to save money but getting out of debt is not always fun. Just slip on those slippers, use a blanket when watching TV or throw on a sweatshirt when you walk in the door (that’s why they are stuffed in your closets or drawers).
Caution, don’t get discouraged and turn it up “just for tonight”, once you turn it back up, chances are you won’t turn it back down again.
Monthly Savings = $30
Additionally, with many states going through a deregulation process with energy companies, you now have choices on who provides your electric and gas. We shopped around and found a great deal which is saving us additional money each month. If you would like to know who we chose, click here, enter your zip code to find out if it is available in your area. We are saving 28.6% on our electric supply portion of the bill, and we are saving 8.2% on our gas. Yea!!!
If you have more questions just let us know.
To see the other tips to get out of debt, click here.
We keep out thermostat at 66 degrees at night and 68 during the day.
What do you keep yours set at?
We would like to see what the average temperature people set their thermostat to.
Follow us over the next 31 days as we share tips on how we keep our spending in check and still be able to have fun, enjoy ourselves, have quality family time and keep ourselves debt free.
Parents of a Dozen
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