Energy bills skyrocketing this summer? Here are a few creative ways to lower that monthly bill.
On the latest episode of PennyWise, host Nat Cardona talks with Elizabeth Ayoola of NerdWallet about changes people can make to reduce their energy bills.Nat Cardona is host of PennyWise as well as Lee Enterprise's true-crime podcast Late Edition: Crime Beat Chronicles. Lee Enterprises produces many national, regional and sports podcasts. Learn more here.
And if you have kids at home, of course they could be culprits for that as well, with kids using so much technology. So just have them add that to their nighttime routine in terms of unplugging things and taking them out of the walls as well. Yes. So people might be scared by the upfront cost of that at first. But one of the things that you can do is budget for it. So you can go around and do some comparison shopping and see if there are cheaper alternatives that you can do and then save towards it. If it's not a cost that you can kind of do right away.
Great advice there going right off of that and making small upgrades. So aside from the smart thermostat, there's other things you can do. I'm seeing little house projects like adding or replacing, whether strips. That is a scary one. Larger appliances can be extremely expensive to replace and it can be a shock bill. So it's recommended that people put aside what we call a sinking fund, which is a fund where you can save for those kind of larger expenses. So if you're saving for them, for example, throughout the year, then when you do have when it does come time to replace it, if not as much as a financial shock.
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