Don’t Let High Utility Bills Bust Your Budget

Taking lockdown seriously is a healthy and considerate decision. But being at home all the time means you’re using more electricity, gas, and water than normal. Eventually, your utility providers will send you a bill for your updated use, and you may not like what you see.

Can you handle the new cost of your utilities? 

If you’re struggling to pay this unexpected spike, you may consider a direct lender installment loan carefully. The lending specialists at MoneyKey recommend using these online installment loans for non-recurring, emergency bills when savings are short. 

For more information on when an installment loan may be an appropriate financial solution, check out the MoneyKey Blog. A quick visit proves there’s a time and place for direct lender installment loans. 

Although you can expect your utility bills on a regular schedule, a one-time spike may be worthy of borrowing a direct lender installment loan. 

There’s just one condition: it doesn’t become a recurring problem. You need to do what it takes to reduce your consumption so that a bloated utility bill doesn’t arrive every month. 

Below are some tips to get you started. 

Use Power-Hungry Appliances at Off-Peak Times

Many electricity and water providers charge different prices depending on the time of day. To discourage people from using these utilities all at once, providers may charge less at odd hours.

If your schedule allows it, wait to run the following appliances at off-peak times:

  • Washing machine
  • Dryer
  • Dishwasher
  • Oven and stovetop

This simple tweak could cut how much energy these appliances use in half. 

Use Cold Water

A scalding hot wash cycle isn’t necessary to clean your clothes anymore. Modern washing machines can take care of tough stains with less water and lower temperatures. While you won’t notice any difference in cleanliness by switching to a cold wash, you could save as much as $5 each month and preserve the lifespan of your clothes. 

For good measure, get a cold-water, high-efficiency detergent if it works with your machine. 

Hang Your Clothes out to Dry

Take advantage of the summer weather when doing laundry. Rather than stuffing your wet clothes in the dryer for a costly spin, hang them out to dry and let the sun do all the work — at no cost!

You don’t need sprawling acreage to tick this one off the list. A space-efficient clothes horse lets you air-dry clothes in even the smallest of spaces.

Help out Your Air Conditioner

Keeping your home cool during the toasty summer months can hurt your budget, especially if you keep it blasting all day and all night. 

Usually, energy savers can turn their air conditioner up by 10 degrees while they’re at work. This trick may not be possible if you work from home now, but you can still save money without such a drastic temperature change. Raising your AC by just one degree for eight hours can save 1% of your energy bills.

During the day, keep your blinds closed to ensure the sun doesn’t heat up your home. And if you live in an area that sees the temperatures drop during the night, consider shutting your AC off in the evening and opening your windows to let the cool air in.

Try out these simple changes to your habits, even if you didn’t need to use an installment loan to cover an unexpected spike. One by one, these small tricks will lower your consumption and deliver cost-savings to your utilities.  

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