18 July 2018

Save or Splurge: Make the Most of Your Money with Home Improvement


Home improvement projects can be fun as they allow you to be hands-on when you update or redecorate your home. You can change wall colors, add new appliances, and just be creative with your project. While this is often exciting for many, it also comes with a few challenges. One of the most daunting aspects of it is the budget. Overspending can be easy to do and it can be difficult to find the best product for your project at a good price.

This article will help with this challenging aspect. It will explore some great and useful ways you can make the most of your money when it comes to home improvement. Keep reading to find out more about them.

Tips for Home Improvement Budgeting
Plan Things Out

One of the best ways you can tell whether or not to save or splurge on a project is by planning it out. You can make a list of the absolute things you need and one of some things that might not be as important. You can determine which objects are vital and then search for some deals on them. It will help you to make sure you don’t overspend or buy unnecessary things. This can also help to keep you organized and save money along the way.

Consider the Places that Need Help

To make sure you make the most of your money with home improvement, you need to consider the rooms and areas in your home that really need help. If things are falling apart or look dingy, that’s one thing you’ll definitely want to remodel.

You’ll also want to check your appliances. These are often the most important things to replace in a home improvement project. If your appliances aren’t working well, it’s a good idea to first invest in new ones.

Try to Remodel the Kitchen First

Unless another area needs to be fixed immediately, it’s often recommended that the kitchen be the first place for home improvement projects. A kitchen remodel cost isn’t necessarily as high as some other room remodels might be. It also is more beneficial because it’s a room that everyone uses often in the living space. This means your investment will be worthwhile. When you remodel your kitchen be sure to keep things like the appliance life in mind as well as the cabinets. These are the two most important aspects of a kitchen.

Redo the Flooring

Besides the kitchen, another one of the best places in your home to put your money is on flooring. Floors can go through quite a bit and that can show. You’ll be able to replace worn out flooring easily and which often comes with a good price tag. There are usually flooring deals that can be combined with other things. This can help you to save a significant amount of money on your project.

Home improvement projects don’t have to be challenging or daunting. It can be easy to overspend or not even know where to start. However, with the tips above, you can be sure that your project will be well-planned out and budgeted. They will keep you on track without fear of overspending or wasting money.

The ideas mentioned in this article will help to ensure you save money when you embark on your home improvement adventure. By doing things like making a detailed plan and considering the type of room you need to fix, your living space will be transformed without hassles. So, if you’re looking to make the most of your money during your home improvement project, definitely keep the information above in mind.

09 July 2018

8 Appliances That Are Driving Up Your Electricity Costs


We use them every day to wash our clothes, cool our houses, and cook our food. Appliances. And for all that they do for us, operating them can come at a heavy cost. While the frequency and duration of their use largely dictates their expense, some appliances just happen to require more energy than others. These devices are not confined to one area and located all around homes, both in places that can be seen and in other that cannot. Though there are a number of energy drainers that could qualify, there are eight appliances that are particularly draining and will drive up your electricity cost.

Refrigerator

There are few devices in homes that require energy twenty-four hours a day all year round, but the refrigerator is among them. Tasked with the job of keeping perishable items cool and frozen items intact, the fridge accounts for roughly four percent of the energy used within the home each year. The impact of this appliances consumption can be minimized by investing in a new refrigerator, as manufacturers are beginning to focus more and more on energy efficiency in appliances. Keeping the internal temperature of the fridge cooler than necessary will also contribute to the electricity it requires, so consider changing things up. Maintaining a temperature of 36 to 38 degrees Fahrenheit should be optimal and help you further reduce your costs. Here is a list of the best fridge freezers that would help you in saving electric bills.

Water Heater

The water heater of the house is used every day by homeowners and is one of the most significant contributors to the total cost of home energy. This is the machine that warms the water in your shower, sink, and even in your washer. All of the times you left the sink running to let the water warm up or took a long shower, this machine was working overtime to provide the heat required. Much like the refrigerator, adjusting the water heater is a two-pronged approach that can involve trading in for a new, more energy efficient model or simply decreasing its overall temperature. Most water heaters remain somewhere around 140 degrees Fahrenheit, but this can be adjusted down to the 120-125 degrees range to avoid unnecessary energy waste.

Washer and Dryer

With a need for electricity and heat, washers and dryers have their own part to play in the amount people are charged for energy each and every month. Due to the many moving parts and separate components of the machines, there are a few ways to reduce their cost. For the washer, consider forgoing the use or warm water and instead just wash all of your things using cold water. When it comes time to dry, know that the dryer requires more energy to be operated. You can make the machine’s performance more efficient by cleaning out the lint trap before beginning or you could consider hanging your clothes on a line. By doing that, you’ll completely eliminate the need for the dryer as well as cut off its energy usage.

Computer

Computers make up around one percent of the energy bill, but that amount can be even further reduced in a number of easy ways. If you’re in the market for a new computer, consider purchasing a laptop instead of a standard desktop. The choice will demand less energy and have the added bonus of being transportable. A bad habit that many people share is leaving their computer in sleep mode rather than turning it off completely, which also contributes. Unless you expect to use your computer shortly after putting it to sleep, be sure to power it down. This will conserve energy and have you plugging in your laptop to charge less than you would have the other way.

Electric Oven

One of the main methods by which people prepare food is the oven. Equipped with multiple cooking settings, built in timers, and even self-cleaning capabilities, ovens are tools that make cooking a bit easier. But to allow for their capabilities, a sizeable amount of energy is required. A side effect of oven use that further drives up electricity costs is the heat that is generated from them. It tends to raise the overall temperature of the house and often results in homeowners using the air conditioning to reduce the heat, undermining attempts at saving. To counteract this, as well as save on the costs of operating an electric oven, be sure to use you microwave when you. Often there are oven and microwave instructions on boxes and microwaves will not only use less energy, they will also have your meal done faster.

Thermostat(Heating)

The fluctuation of the temperature within homes often causes the thermostat to be used as a means of regulating the climate. Due to the changes brought about by the turn of the seasons, there are peak months for their use. One of the best methods for lowering the cost of your thermostat is to use the natural cooling that you keep out every day. That means you should open up doors and windows when you can to allow for the breeze to come through. Especially at night, when the temperature is naturally cooler, don’t be afraid to open your window instead of turning on the air conditioning. The help of smart devices can also be enlisted as programmable thermostats that learn your temperature preferences and act to reduce costs can be installed.

While electricity providers like TXU Energy offer flexible energy plans to help you manage your electricity needs and usage, you have to ensure that your thermostat or heating is functioning properly. Problems with your thermostat may result in a spike on your energy bills.

Check the following warning signs that your heating is not in good condition:
  • Inconsistent Room Temperature: If you notice that one area of the room is warmer than other spots, there could be a major problem with your thermostat.
  • Strange Odors: Musty, burnt, and any strange smells coming from your heating unit may indicate potential heating issues.
  • Strange Loud Noises: If your furnace is noisier than usual, seek help from an HVAC professional for an inspection. Screeching, grinding, popping, and banging noises may indicate loose or damaged parts within the furnace.
TV

For generations, televisions have provided a level of comfort to homes, often being left on to fill spaces with noise. When people are in rooms, even briefly, the tv still manages to find a way to be turned on and use a bit of electricity. For television, electricity usage does in large part stem from being turned on, but tvs also use energy when turned off. It is called the phantom load and it occurs when electronic devices are powered off, but left plugged in. During this time, devices are on standby mode but still burning through electricity and as a result, running up electricity costs. An easy stop to this, can come about by unplugging devices or turning off the power strip they’re plugged into. There are even special power strips available for purchase that cut off the flow of electricity when devices are turned off.

Dishwasher

The conclusion of most meals is marked by the clearing of tables and the loading of dishwashers. Varying slightly from model to model, this appliance rinses dishes using water of particularly high temperatures, then undergoes of a drying process. The cost of utilizing this machine, along with the others involved in making it run, make up a fair bit of the utility bill. Though operating the dishwasher will always bear and expense, the cost can be diminished and in relatively simple ways. For nights where there are not many things to wash, consider doing the dishes by hand. This will completely take the dishwasher out of the equation and save you on a load. In the event you do want to use the appliance, wait until you have filled it up completely before washing, as using the dishwasher with a full or light load used the same amount of energy.

Use Appliances That Have an Energy Star Label

Energy Star labels were created by the United States Environmental Protection Agency (EPA) and the Department of Energy, which aim to reduce pollutants and carbon emissions brought about by inefficient use of energy. Energy Star labels are found in appliances, symbolizing energy-efficiency to help consumers save money on high electricity bills. 

The more stars you see on the Energy Rating Label means that the appliance is more energy-efficient. Efficient appliances consume less electricity to attain the same performance levels of similar models within the same capacity or size. An appliance model that is more energy efficient means it will consume less energy, saving you more money in the long run.

How to Calculate Your Electricity Consumption

There are many ways to help you calculate your average electricity consumption. One way is to get the average consumption of your three-month bill. Energy consumption calculators are also available online that you can use to determine how many kilowatts your appliances consume in a day.

Bio: Douglas Keller has been a financial expert for 20 years, helping people reach financial stability. He now provides personal finance tips for Payless Power, where he helps people save money on their bills every month.