Home > Personal Finance > Celebrating National Cut Your Energy Costs Day

Comments 0 Comments

January 10th is National Cut Your Energy Costs Day. It’s about sustainability. It’s also a day to think about energy consumption and how you can reduce costs while being more eco-friendly.

If you’re looking for ways to save money, then January 10th should be a big day on your calendar. This is a great opportunity to take stock of your energy consumption and come up with a strategy to help bring those costs down.

How to Celebrate National Cut Your Energy Costs Day

One of the best ways to celebrate this holiday is to take the time to assess how much you spend on energy. You can even have a professional to do this for you since there are many things that you might not think about. Some things to consider are:

  • Your appliances
  • Considering the state of your wiring
  • Looking at the kind of bulbs you’re using
  • Inspecting your insulation

The results of this assessment can help you decide the kind of changes you want to make. Doing so can help you use energy more efficiently and cut costs to help you save money.

How to Cut Energy Costs in Your Home

Have you ever noticed that your gas bill tends to be higher during winter? And that your electric bill is higher in the summer? Weather is one of the biggest factors of energy usage. The lower temperatures in December and January will most likely increase your February and March gas bills, even if you never adjust your thermostat.

The colder the weather, the harder your HVAC system has to work, and this means that it uses more energy.

Here are some things we do that can affect our electric consumption during winter:

  • We tend to take long hot baths and showers to get and stay warm
  • We tend to use space heaters and run furnaces to warm up the house
  • We tend to stay inside watching TV, working on our computers and using other electronics to avoid the cold outside

Insulation is important too. If our homes aren’t well insulated, most of the energy used to warm them up goes to waste. Hot air seeps out and the cold seeps in making HVAC systems work harder for longer.

Here are some ways that you can cut energy costs in your home:

Use LED Bulbs

Lighting is important. The kind of bulbs you use determine just how high your electric bill will be at the end of the month. LED lights are energy efficient. They about 75% less energy than incandescent bulbs. They can also last up to 25 times longer than the usual incandescent bulbs.

Unplug Idle Electronics

Devices like microwaves, TVs, printers, computers and scanners still use electricity even when they’re turned off. Idle electronics use a very small amount of electricity. But when you add up how much energy that is throughout the year, you may be surprised at how much money you’re wasting.

Turn Off the Lights

Many people keep lights on during the day. Or they forget to turn them off when they leave the room. What they don’t realize is this is actually driving up their electric bill. Keeping lights off during the day can help save you money. Form a habit of turning off the lights during the day and when no one is in the room. It never hurts to let natural light flow through your windows. Besides being good for your finances, it’s good for your health.

Do Your Laundry Differently

One efficient way to reduce energy is to do your laundry differently. Washing your clothes in cold water can save energy. You should also wait until you have a full load of laundry to wash your clothes. A full load uses about the same amount of energy as a small load. The energy savings of waiting until you have a full load is about 25%-50%. Washing clothes in cold water can save $60 a year.

Make Sure Your House is Properly Insulated

Bad insulation is a huge energy waster. An improperly insulated home drives up your energy bills. It’s can also be an inconvenience since you may never get the ideal climate setting in your house.

What Should I Do with My Savings?

There’s so much you can do with the money you save on your energy bills. Putting these savings into a savings account can help your savings grow even more. Online bank accounts like the ones offered through our partners at Credit.com have bigger interest rates than regular brick and mortar banks. Maybe you can use these savings to invest even more in your home and continue to cut your energy costs. The savings can grow even bigger!

Taking the steps to save money can help your finances and cut your energy costs. A risk-free savings account is the perfect first step to take to build a more secure financial future.

Comments on articles and responses to those comments are not provided or commissioned by a bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by a bank advertiser. It is not a bank advertiser's responsibility to ensure all posts and/or questions are answered.

Please note that our comments are moderated, so it may take a little time before you see them on the page. Thanks for your patience.

Credit.com receives compensation for the financial products and services advertised on this site if our users apply for and sign up for any of them.

Hello, Reader!

Thanks for checking out Credit.com. We hope you find the site and the journalism we produce useful. We wanted to take some time to tell you a bit about ourselves.

Our People

The Credit.com editorial team is staffed by a team of editors and reporters, each with many years of financial reporting experience. We’ve worked for places like the New York Times, American Banker, Frontline, TheStreet.com, Business Insider, ABC News, NBC News, CNBC and many others. We also employ a few freelancers and more than 50 contributors (these are typically subject matter experts from the worlds of finance, academia, politics, business and elsewhere).

Our Reporting

We take great pains to ensure that the articles, video and graphics you see on Credit.com are thoroughly reported and fact-checked. Each story is read by two separate editors, and we adhere to the highest editorial standards. We’re not perfect, however, and if you see something that you think is wrong, please email us at editorial team [at] credit [dot] com,

The Credit.com editorial team is committed to providing our readers and viewers with sound, well-reported and understandable information designed to inform and empower. We won’t tell you what to do. We will, however, do our best to explain the consequences of various actions, thereby arming you with the information you need to make decisions that are in your best interests. We also write about things relating to money and finance we think are interesting and want to share.

In addition to appearing on Credit.com, our articles are syndicated to dozens of other news sites. We have more than 100 partners, including MSN, ABC News, CBS News, Yahoo, Marketwatch, Scripps, Money Magazine and many others. This network operates similarly to the Associated Press or Reuters, except we focus almost exclusively on issues relating to personal finance. These are not advertorial or paid placements, rather we provide these articles to our partners in most cases for free. These relationships create more awareness of Credit.com in general and they result in more traffic to us as well.

Our Business Model

Credit.com’s journalism is largely supported by an e-commerce business model. Rather than rely on revenue from display ad impressions, Credit.com maintains a financial marketplace separate from its editorial pages. When someone navigates to those pages, and applies for a credit card, for example, Credit.com will get paid what is essentially a finder’s fee if that person ends up getting the card. That doesn’t mean, however, that our editorial decisions are informed by the products available in our marketplace. The editorial team chooses what to write about and how to write about it independently of the decisions and priorities of the business side of the company. In fact, we maintain a strict and important firewall between the editorial and business departments. Our mission as journalists is to serve the reader, not the advertiser. In that sense, we are no different from any other news organization that is supported by ad revenue.

Visitors to Credit.com are also able to register for a free Credit.com account, which gives them access to a tool called The Credit Report Card. This tool provides users with two free credit scores and a breakdown of the information in their Experian credit report, updated twice monthly. Again, this tool is entirely free, and we mention that frequently in our articles, because we think that it’s a good thing for users to have access to data like this. Separate from its educational value, there is also a business angle to the Credit Report Card. Registered users can be matched with products and services for which they are most likely to qualify. In other words, if you register and you find that your credit is less than stellar, Credit.com won’t recommend a high-end platinum credit card that requires an excellent credit score You’d likely get rejected, and that’s no good for you or Credit.com. You’d be no closer to getting a product you need, there’d be a wasted inquiry on your credit report, and Credit.com wouldn’t get paid. These are essentially what are commonly referred to as "targeted ads" in the world of the Internet. Despite all of this, however, even if you never apply for any product, the Credit Report Card will remain free, and none of this will impact how the editorial team reports on credit and credit scores.

Your Stories

Lastly, much of what we do is informed by our own experiences as well as the experiences of our readers. We want to tell your stories if you’re interested in sharing them. Please email us at story ideas [at] credit [dot] com with ideas or visit us on Facebook or Twitter.

Thanks for stopping by.

- The Credit.com Editorial Team