Bread Crumb Trail

Banking & Saving News Saving money in the home

Saving money in the home

Running your home in a cost efficient manner can make you huge savings each year. With talk of energy costs on the increase, the first thing you should do is cut your bills. There is no use simply thinking about doing it, or putting it off until tomorrow, do it today.

You may have never thought about shopping around for the best utility prices, the the worrying fact is that there are millions of people out there paying over the odds. Take a few minutes of your time and come and check out the Which4u website. By entering a few simple figures based on your current usage you can find out instantly if you could save by switching providers.

Once you’ve done this you can move onto the next step and reduce your usage.

There are a number of ways you can reduce the amount of electricity you use, most of which are common sense, but many not followed. Always ensure you switch electrical appliances off when they are not in use. This includes having your television or DVD player on standby, and leaving your computer on when not in use. A standard PC left running for 24 hours will use approximately £70 of electricity over a year - if you only use it for 2 hours a day you could be making big savings. It only takes around an hour to fully charge a mobile phone yet many people leave them plugged in overnight.

Turning the thermostat down on your heating can reduce your heating bills by 10%.

You probably won’t notice the difference in heat, but you will certainly notice a reduction in your bills.

Try to fill your washing machine rather than using all that electricity and water to clean a few shirts, and use a cool wash whenever possible.

The electric kettle consumes the most energy than any other cooking appliance in the home - 29%, compared to 23% by electric hobs. UK households could save £1million a week by not over-filling their kettles. If everyone in the UK only boiled the amount of water they needed, there would be enough energy saved to power all the UK's street lighting for 7 months.

Try to avoid having baths and switch to showers and only stay in for a short period. If you don't have a shower, buy a shower adapter for your bath. This will reduce your water and gas bills. A single shower can use between 6 and 10 gallons of water per minute. Reduce your shower time by 2 to 3 minutes and you’ll notice the difference in your bills.

Your whole house does not need to be lit up when you are only using a few rooms. Make sure that when you leave a room, you switch off the light. Energy saving light bulbs are also a good method of cutting down usage. Around 30% of your domestic electricity bill is spent on lighting your home.

Energy saving light bulbs can help to reduce the typical domestic electricity bill by producing the same amount of light as a standard light bulb at a fraction of the cost.

If you haven't already, it's worth considering double glazed windows and insulation. Around half of heat loss in a typical home is through the walls and loft. There are several places in a home that can be insulated, including the walls, floor and loft.

Double glazing cuts heat lost through windows by half and installing double glazing could save around £140 a year on your heating bills.

These are just a few really simple measures that any of us can take to reduce our energy usage. Better than feeling the heat when the bills drop through the letterbox.

Published by Sam Gooch
Thursday, 27 November 2008 17:24

Make a comment on this article

Comment

Comments (1)

The comments listed below are opinions held by the individuals posting and are not endorsed by, or representative of opinions held by which4u.co.uk. We cannot be held responsible or liable for the accuracy or content of any comments submitted. We reserve the right to publish, remove or edit comments as we see fit.
  • J SCHAUB
    2008-12-05 22:03:30
    VERY GOOD ADVICE
ProviderAccountAERMin BalO/D RateO/D BufferApply
Premier Current Account
1%
£1
0%
for 12 mths
£2,000
Get a FREE £100 if you open a Premier Current Account online
Premier Direct Current Account
6.50%
£1
0%
for 12 mths
£2,000
Get 6.5% AER on all balances up to £2,500
Bank Account
0%
£1
0%
N/A
No Offer
6% Current Account
6%
£1
0%
for 4 mths
£1,000
0% Overdraft Current Account
0.10%
£1
0%
for 12 mths
£5,000
Alliance Leicester - Premier Current Account
  • **Get £100 when you open a Premier Current Account online***
  • The £100 will be deposited into your new account within 15 weeks of applying
  • Get 1% AER (variable) on balances up to £2,500
  • 0.1% AER (variable) on balances over £2,500
  • 0% overdraft for 12 months from account opening, then 50p a day (up to £5 a month) if agreed by Alliance and Leicester.
  • FREE annual European travel insurance currently worth up to £60 (upper age limit 65 applies)
  • You have to pay at least £500 per month into your current account
  • You must be over the age of 21
Alliance Leicester - Premier Direct Current Account
  • 6.5% Annual Earnings Rate on balances up to £2,500
  • **(6.5% is fixed for 1 year)**
  • 0.1% AER (variable) on balances over £2,500
  • 0% overdraft for 12 months from account opening, then 50p a day (up to £5 a month) if agreed by Alliance and Leicester.
  • You have to pay at least £500 per month into your current account
  • You must be over the age of 21
Barclays - Bank Account
  • A carbon neutral debit card (subject to status).
  • Online Banking – do your banking from home (subject to registration).
  • Telephone Banking – pay bills and more (subject to registration).
  • A network of over 1,700 branches.
  • Draw on cheques paid in before they clear (subject to status and limit).
  • An overdraft: 17.9% EAR typical variable*. Subject to status and application. Overdrafts are repayable on demand.
Abbey - 6% Current Account
  • Earn 6% AER on balances up to £2,500 for 12 months
  • After 12 months you will earn 2.5% AER on any balance on the account
  • 0% interest- free on Overdrafts for the first four months, after 4 months this will revert to 19.9%EAR
  • Manage your day-to-day money for free with no monthly account fee, no transaction charges and no charges for using account facilities - as long as you remain in credit
  • Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
  • Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
  • At least £1,000 a month must be credited to get 6% AER on balances up to £2,500
  • If not switching earn 6% AER on balances up to £1,000 for 12 months if £1,000 is credited each month
Abbey - 0% Overdraft Current Account
  • 0% overdraft for 12 months
  • After 12 months you will pay an Advance Overdraft rate of only 12.9% EAR
  • When switching, Abbey will offer to match your previous overdraft up to £5,000. *Conditions apply*
  • Earn 0.1% AER on any balance on the account
  • Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
  • Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
  • At least £1,000 a month must be credited to benefit from this offer
Abbey - £100 Free Current Account
  • ***You Get £100 FREE if you transfer your current account to this account***
  • 0% overdraft for 12 months
  • After 12 months you will pay an Advance Overdraft rate of only 12.9% EAR
  • When switching, Abbey will offer to match your previous overdraft up to £5,000. *Conditions apply*
  • Earn 0.1% AER on any balance on the account
  • Get a cheque book and a Visa Debit card. You can use your Visa Debit card in shops wherever you see the Visa symbol and at virtually every cash machine in the UK and many worldwide. It also acts as a £100 cheque guarantee card
  • Access to your money 24 hours a day 7 days a week through our e-banking service, 750+ branches, 24-hour telephone banking service, LINK cash machine network or even by post
  • At least £1,000 a month must be credited to benefit from this offer
First Direct - Current Account
  • Switch to a first direct and they will give you £100!
  • **(To get £100 You must pay in at least £1500 within 6 months)**
  • If you're not happy after 6 months First Direct will give you another £100 and help you move to another bank!
  • **Exclusive to First Direct Current Account holders** - 8% AER/Gross fixed for 12 months.
  • (Available when you open a Regular Saver Account alongside your current account).
  • 8% AER is given if you agree to a 12 month fixed term with no withdrawals allowed.
  • Interest paid on maturity.
HSBC - Current Account Advance
  • HSBC Automatically transfer your Direct Debits and standing orders to your new account
  • New cheque book & Debit Card within a week of you opening your account...or HSBC give you £10
  • Enjoy a 0% overdraft for two months, while HSBC transfer your account After this time the overdraft rate will be 19.9% EAR variable
  • You need to pay at least £500 per month into this account
HSBC - Plus Account
  • Credit interest:
  • 6% AER fixed on balances up to £1,000 (for 12 months from account opening)
  • 2.5% AER (2.47% gross) up to £2,500
  • Thereafter 0.1% gross/AER
  • Overdraft facility at 17.9% EAR variable
  • Fee free cash withdrawals worldwide
  • Worldwide family travel insurance (inc. winter sports cover - up to aged 70)
Alliance Leicester - Under 21's Account
  • 8% AER (fixed until 30.04.09) on balances up to £1,000
  • 0.10% AER (variable) on balances over £1,000
  • Access to a £2,500 0% overdraft facility
  • Visa debit card
  • Access to your account via Internet, Telephone and Mobile Banking
  • Recommend a friend and earn £50
Alliance Leicester - Premier 50 Account
  • **Get £100 when you open a Premier Current Account online***
  • The £100 will be deposited into your new account within 15 weeks of applying
  • Get 6.50% AER (variable) on balances up to £2,500
  • 0.1% AER (variable) on balances over £2,500
  • 0% overdraft for 12 months from account opening, then 50p a day (up to £5 a month) if agreed by Alliance and Leicester.
  • FREE Relax with worldwide annual multi-trip travel insurance up to the age of 79
  • Health Benefits - Prompt access to the first stages of essential health care for new medical conditions arising after you join
  • You must be over the age of 50