Save energy and increase your bank balance

Looking to save money? Then you’ve come to the right place! One of the easiest and most practical ways to make daily savings is to use less energy at home. By making a few small changes to the way you use water, electricity and heat in your household, you could cut costs instantly.

We’ve pulled together 9 tips for the savvy saver to set you on the path to energy efficiency – which could save you a massive £706 per year!

pointing at computer screen

1. Compare gas and electricity prices

By doing some research into different energy providers and making a switch, you could see dramatic cuts to your energy costs. The best way to compare gas and electricity prices is to use comparison sites such as uSwitch. All you have to do is enter your postcode and answer a few short questions on your energy usage – you’ll then be shown a list of prices from a range of different providers.

One important trick to note is that comparison sites will often offer you two options when it comes to your switch – the first being the option to have the comparison site complete the switch for you, and the second being to make the switch yourself by speaking to the energy provider directly. Some of the cheapest energy deals don’t pay the comparison sites any commission, and hence often aren’t promoted. This means it’s important to always make sure your search is displaying all options, including those where it’s cheaper to make the switch yourself.

shower head

2. Install a more efficient shower head

According to Waterwise, your household could save roughly £120 per year, just by switching to a more water efficient shower head. You may think that by having a shower instead of a bath you’re saving water (and money), but this isn’t necessarily the case – the wrong shower head e.g. a power shower, which uses 12+ litres of water per minute, could mean you end up using more water in a few minutes than you do when running an entire bath.

Energy efficient shower heads control the rate of flow, keeping it between 6 and 8 litres per minute, so that you can enjoy your shower without denting the bank balance.

But, regardless of the type of shower head you have, you can still try to keep your shower time to a minimum. If you have no idea how long you’re spending in the shower, why not try setting an alarm for 4-minutes to work on cutting your shower time down? Not only will you save money, but you’ll also help the environment by reducing the amount of energy (and therefore carbon emissions) required to pump and heat water in our homes.

coffee on rug

3. Turn your heating down

How warm is your house? If you find yourself sweating or walking around in shorts and a t-shirt, then the chances are your house is a little (or a lot) warmer than it needs to be. The World Health Organisation recommends that the ideal room temperature (for the average household) sits between 18 and 21 degrees.

Turning your heating down by just 1 degree could save you an estimated £75 a year (according to Energy Saving Trust). So the next time you reach for the thermostat, don’t turn it up any higher than 21 degrees – and if you’re feeling a bit chilly, try a jumper or blanket to save on heating costs!

washing line

4. Hang clothes up to dry whenever possible

By hanging up your wet clothes rather than drying them in the tumble dryer, you could make a saving of up to £70 per year (according to Ovo Energy).

During the winter, you can dry clothes on a clothing rack in a warm, well ventilated room – just be sure to keep the humidity in one room by shutting the door. In the summer, it’s best to hang clothes outside on a washing line, as they’ll dry quicker outside with exposure to sunshine and fresh air.

By allowing clothes to dry naturally, you’ll also prevent shrinkage and wear caused by the heat from the tumble dryer. This will help your clothes look better for longer, and you’ll spend less money replacing worn out items.

washing fork

5. Use a washing up bowl

Rather than letting hot water trickle down the plug hole when you’re washing up, why not fill up a washing up bowl instead? They’re cheap to buy and will also stop small pieces of food waste from clogging up your sink.

The Energy Saving Trust estimates that you could save £25 per year (per person) on your gas bill and £30 on your water bill (if you have a water meter) just by filling up – amazing!

energy saving bulbs

6. Switch to energy efficient bulbs

By replacing all the bulbs in your house with energy efficient ones (LEDs), you could save around £35 per year (National Energy Trust). They have the same brightness as a standard bulb, but they use far less energy – up to 90%! You’ll find yourself with more money in your pocket and you’ll get the added satisfaction of knowing you’re reducing your carbon footprint.

But even if you do switch to LEDs, you should still be conscious of how many lights you turn on. Consider whether they all need to be on at the same time, and always remember to turn lights out when you leave a room. This may sound simple, but we all forget to do it and it adds up over the course of a year.

7. Switch appliances off

Think about how many gadgets you currently have in your household – how many of them do you regularly shut down completely?

We’ve all been guilty of leaving some of our favourite appliances on standby, especially ones we use often. But by making a little bit of extra effort to switch them off at the wall, you could save an estimated £30 a year (Energy Saving Trust). No one wants to accumulate running costs on appliances they aren’t even using, so think about that the next time you hit standby on the TV remote…

washing machine

8. Choose your washing machine settings carefully

When it comes to washing your clothes, the settings you choose could make a big difference to your annual savings. Washing clothes at a cooler temperatures of 30-40 degrees, could reduce your electricity bill by £15 a year.

Cooler temperatures are also kinder on your clothes and will result in less wear and shrinkage. So not only will you save money on your electricity bills, but you’ll also be able to cut down on clothes shopping – complete bonus!

kettle pouring water into teapot

9. Only fill up the kettle with as much water as you need

Many people boil far more water than they need to make their morning brew, meaning the kettle has to boil for far longer and use more electricity than it actually needs to.

Because kettles are used so often (everyone loves a cuppa!), they can easily become one of the biggest offenders on your energy bill. So the next time you reach for the kettle, try to remember to fill up less and save more!

If you do happen to boil a little more water than you need, why not transfer it to a thermos flask to keep it warm for later?

How to save money and energy

We hope you found these ideas useful. Do you have any other tips to share? Email us at [email protected]. We’d love to hear from you!

Some important information about Rest Less Money

We want you to understand the positives, but also the limitations of using our site. We operate in a journalistic manner and therefore all information, guidance or suggestions provided are intended to be general in nature, and you should not rely on any of the information on the site in connection with the making of any financial decision.

When we set out to build Rest Less Money, we wanted to be a trusted place where you could find helpful information about financial matters affecting the over 50s. As a free to use resource, we try hard to provide the best information we can, but we cannot guarantee that we won’t occasionally make mistakes. So please note that you use the information on our site at your own risk, and we can’t accept liability if things go wrong.

Key things to remember when using Rest Less Money:

We do not offer financial advice – As a journalistic site, it’s important to know that we do not provide financial advice. You should always do your own research before choosing any financial product so that you can be certain it is right for you and your specific circumstances. If you are in any doubt, please seek professional financial advice from a regulated financial advisor.

No Liability – please note that you use the information on Rest Less Money at your own risk and we can’t accept liability for how you choose to use the information given on our site. We will often provide links to content or products and services available on other third-party websites. These are provided purely for your convenience and we cannot be held responsible for any content, or any of the products and services offered on any website that we link to.

 

Accuracy of Information – We try to make sure that all the information provided on Rest Less Money is correct at the time of publishing as we want it to be the most helpful resource possible. Sadly, we are not perfect however, and so we can make no guarantees as to the completeness, accuracy, adequacy or suitability of the information available on the site.
Whilst we work hard to try and provide accurate information, deals and prices can change, so whilst they may be correct at the time of writing, providers may subsequently decide to alter them later – so always double check first.

A final note on the Rest Less Community Forums – always remember that anyone can post their opinion on the Rest Less Community Forums, so it can be very different from our own opinion and may not be factual or well researched. Always be wary of any content posted on the forums and be sure to do your own research and due diligence on anything suggested. 

We hope you find Rest Less Money a useful resource and we would welcome your feedback at [email protected] on how to make it even better. For more information on any of the above you can read our full terms and conditions.

Some important information about Rest Less Money

We want you to understand the positives, but also the limitations of using our site. We operate in a journalistic manner and therefore all information, guidance or suggestions provided are intended to be general in nature, and you should not rely on any of the information on the site in connection with the making of any financial decision.

When we set out to build Rest Less Money, we wanted to be a trusted place where you could find helpful information about financial matters affecting the over 50s. As a free to use resource, we try hard to provide the best information we can, but we cannot guarantee that we won’t occasionally make mistakes. So please note that you use the information on our site at your own risk, and we can’t accept liability if things go wrong.

Key things to remember when using Rest Less Money:

We do not offer financial advice – As a journalistic site, it’s important to know that we do not provide financial advice. You should always do your own research before choosing any financial product so that you can be certain it is right for you and your specific circumstances. If you are in any doubt, please seek professional financial advice from a regulated financial advisor.

No Liability – please note that you use the information on Rest Less Money at your own risk and we can’t accept liability for how you choose to use the information given on our site. We will often provide links to content or products and services available on other third-party websites. These are provided purely for your convenience and we cannot be held responsible for any content, or any of the products and services offered on any website that we link to.

 

Accuracy of Information – We try to make sure that all the information provided on Rest Less Money is correct at the time of publishing as we want it to be the most helpful resource possible. Sadly, we are not perfect however, and so we can make no guarantees as to the completeness, accuracy, adequacy or suitability of the information available on the site.
Whilst we work hard to try and provide accurate information, deals and prices can change, so whilst they may be correct at the time of writing, providers may subsequently decide to alter them later – so always double check first.

A final note on the Rest Less Community Forums – always remember that anyone can post their opinion on the Rest Less Community Forums, so it can be very different from our own opinion and may not be factual or well researched. Always be wary of any content posted on the forums and be sure to do your own research and due diligence on anything suggested. 

We hope you find Rest Less Money a useful resource and we would welcome your feedback at [email protected] on how to make it even better. For more information on any of the above you can read our full terms and conditions.

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