Up next in How to Manage Your Money (65 videos)
The rich didn't make their fortunes with frivolous spending. Get smart about money with these saving and budget tips.
You Will Need
- Awareness of how you’re wasting electricity
Turn it off
Get in the habit of turning things off when you leave a room. That means not just the lights, but every appliance that’s not in use: the TV, the radio, the computer, the cable box, the coffeemaker—everything!
Switch to CFBs
Replace all bulbs in your home with compact fluorescent bulbs. They’re more expensive, but they pay off in the long run by using 75 percent less energy and lasting ten times longer than incandescent bulbs.
Keep fridge closed
Don’t be one of those people who open the refrigerator door and stares around like they’re looking at the Mona Lisa. Every time the door is opened, up to 30 percent of the cold air is released.
Cover all the liquids and foods you put in the refrigerator. Exposed food gives off moisture, which makes your refrigerator work harder.
Wash and dry prudently
Don’t run the washing machine or dishwasher unless you have a full load of laundry. Don’t wash clothes or towels until they’re really dirty, and, when you can, hang your wet laundry on racks or out on the line to dry.
Use AC wisely
Set your air-conditioner to 78 degrees, and don’t start off on 'high'—it won’t cool down the place any faster.
Put indoor plants outside in the summer; they put moisture into the air that makes the AC work harder.
Make home more energy efficient
Make your home more energy efficient. Try to get rid of air leaks, and look into covering your old water heater with an insulated blanket.