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Published on 11/17/2020 additional information available

Household Money Smarts

#how to save money
#money saving tips


Shelter consumes a large proportion of most family budgets. Substantial savings is available from buying what you require rather than buying to impress others. The cost of energy is a major expense of operating a household, and major savings can be realized by implementing common-sense measures of conservation. Consider resale value when you are choosing a home to purchase.

Install A Timer On Your Electric Hot Water Heater

Regulating the flow of electricity to your water heater can result in significant energy savings. Installing 

an inexpensive electric timer (available at most discount and home improvement stores) in the electric line to your home's water heater allows you to determine the hours of the day during which water will be heated. For example, you might want to set the water heater to come on for an hour or so and then shut off before you get up each morning. A second setting might turn the water heater on for an hour or two (and then turn it off) before you return home from work. In both cases water is not being heated or kept hot during the hours you don't expect to use hot water. You shower in the morning before going to work and leave cold water in the water heater until the warming period begins just before you return home in the evening. If you or your spouse remain home with several young children most of each day, a timer will probably not be practical. Also, most  timers don't work on gas water heaters. Still, if your lifestyle permits regular periods during which you use hot water, and if your home has an electric water heater, a timer can be a real energy saver.



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