Our Money Category

Feb. 2012 18

Top Tips on How to Start Saving on Heating Bills This Winter

 

With many people feeling the chill not only of the weather but of the recession, it’s become very popular (and necessary) to find ways to save on utility bills. Your heating system can be a real budget breaker when the weather gets really cold, but there are some things you can do to help keep your heating bills from breaking the bank. Here are some tips.

Alternative Heating Sources

It pays to look into alternative means of heating your home, or the room(s) you’re in. Pellet stoves, kerosene heaters, wood stoves, and various types of space heaters all help to augment your hard-working central heating unit. See if you can use one or more of these alternatives in the rooms you use most, keeping the vents closed in the rooms you’re not using.

Change the Filter

Really. This is one of the most basic and simple things you can do for your heating system, but it’s also one of the most important. You should change the filter in your furnace at least every 60 days, or even once a month. This keeps the unit running smoothly and efficiently. A dirty filter can result in anything from high electric bills (due to the extra effort the unit has to make to get air through the dirty filter) to a broken-down system.

Turn It Down

When you’re not in the house, make sure you turn down the heat before you leave. Also, turn it down at night. You can use a space heater in the areas where you’re sleeping if you need to.

Another option is to get a timer for your thermostat. It’s a simple job to install it, and timers can be bought at most home improvement retailers.

Shut Vents

If you’re not using a room, shut the heating vent in that room. That way, you won’t be paying to heat rooms you’re not using. If you don’t have the kind of vents you can shut, you can purchase vent covers at home improvement stores.

Check Doors and Windows

Part of saving money on heating bills is making sure your heat isn’t escaping. Windows and doors can have leaks you don’t really notice until it gets cold. Weather stripping is inexpensive and easy to install, and can save a lot of money on heating bills.

Use Residual Heat

In the kitchen, when you’re finished baking something in the oven, leave the oven door open a few inches and let the heat escape into the room.

It’s What You’re Wearing – or Not

If you are hanging around in a t-shirt and shorts and constantly cranking up the heat to feel like summer, you are wasting a lot of heat. Dress for the season – wear several layers and a sweater, and thick wool socks. Warm house slippers can help, too.

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Feb. 2012 16

Part-Time Jobs for Teens

 
Part-time jobs are a great way for teens to learn about managing money, and it can take some of the load off of Mom and Dad as providers of spending money. It can boost their confidence and help them on their way toward becoming independent adults. But most teens are still in school, so it’s [...]

Feb. 2012 8

Overspent This Holiday Season? – How to Get Your Finances Back on Track

 
Spending during the holiday season can really set you back financially. It’s all well and good to read advice on how to avoid holiday debt; but now that you’re in it, what can you do? How can you get your finances back on track? Here are some tips.
Long-Term Changes
Twelve months are not as long as [...]

Jan. 2012 28

Adult Kids Living at Home: Why They Should Pay Rent

 
The concept of adult kids living at home and paying rent is a bit of a controversial one. Some people are adamantly opposed to it, while others consider it essential. What most people will agree on is that it is somewhat situational. For example, some parents hold that adult children who have just had a [...]

Jan. 2012 26

Financial literacy for for elementary kids – Nickelsburg is now online!

 There are some pretty amazing things that come out of the internet.
The award winning Kids Count financial literacy program for elementary students has now expanded to an online classroom, Nickelsburg! I have had the privilege of working with the great people at Kids Count to create the exciting town of Nickelsburg where kids can learn [...]

Jan. 2012 19

Save Money on Your Groceries and Save the Environment at the Same Time

 
One of the great things about saving money on groceries is that, if you do your research and take this approach, you will not only be eating healthier foods; you’ll also be helping the environment at the same time. These two goals – saving money on groceries and saving the environment – are easily put [...]

Jan. 2012 17

How to Start Paying Back Holiday Debts

 
The holidays are such a festive time that sometimes it’s easy to lose track of spending. Then you get the bills. What can you do to get that debt paid down? Here are some tips on how you can start paying back holiday debts.
Face It
This can be difficult. After all, you bought the gifts and [...]