MoneyWise

Rob West

Tips To Lower Your Electric Bill

June 11, 2020
00:00 24:57

At a putt-putt golf course on a hot summer day, two young siblings argued over who was winning. “I am,” said one. “No, I am,” said another. “You’re both wrong,” said their father. “Your mother’s winning—she’s at home.” Summer’s a great time to get out of the house but it also means higher electric bills. Today, financial planner and teacher Rob West has ways to keep cool without breaking the bank.

•          The first thing to do is an energy audit. The easiest way is to contact your utility company to see if they offer a free one. These reveal areas where cool air is escaping like around windows and doors or by not having enough attic insulation. Ideally, it gives you a game plan for keeping the heat out.

•          If your utility company doesn’t offer a free audit, then online energy audit tools can help. Energy Star offers one, there are others. But you can conduct your own energy audit. Look for cracks around windows and doors, for example. If you can see light coming in, hot air’s coming in with it.

•          A lot of energy is wasted by light bulbs. It may only cost pennies to keep a light on, but over time those pennies add up. Develop the habit of turning lights off when you’re not using them.

•          Air filters—don’t think of replacing them as an expense, but as a cost-saving measure. A new filter allows your system to run more efficiently and extends its life. If you use expensive filters, replace them every three months, especially in the summer. If you use cheaper filters, replace them every month.

•          Programmable thermostats are another great way to save on energy. Depending upon the season, you can set them to automatically raise or lower your temperature while you’re away or asleep.

•          Make sure your dishwasher and clothes washer are full before you use them. A typical load of clothes costs about 70¢ to wash and dry. That doesn’t sound like a lot. But if you’re running the washer half-full all the time, it adds up. And whenever possible, use a cold or warm water cycle instead of hot.

•          Finally, ask about any discounts or other incentives your utility company may offer for cutting energy costs. For example, signing up for paperless billing or auto-payment may save you a few dollars each month.

 

On today’s program we also answer your questions:

 

•           Is tithing for us to obey today? If so, help me to understand how much, which figure to base if off of, and from which sources of income. If it’s not for us to follow, how is our money to be given today?

•           If I receive a government stimulus check made out to my deceased spouse, what do I do with it?

 

Ask your questions at (800) 525-7000 or email them at questions@moneywise.org. Visit our website at moneywise.org where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


 

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