How To Cut Household Bills For Good

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The UK has fallen foul of unpredictable, adverse weather conditions in recent years, which has lead to an increase in utility bills as households are forced to use more energy. To help people become more energy efficient and find ways to reduce household bills, financial solutions experts, Baines & Ernst, has released a brand new Infographic.

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In 2011, the country spent a huge £14.3 billion on electric and £19.3 billion on gas, so whether we like it or not, utilities account for a substantial amount of household expenditure.

As British summer time rolls around, households can no longer count on hot weather to offer some respite from central heating and extortionate gas bills.

In the last few years, the UK has suffered some of the wettest summers on record followed by some of the harshest winters. Endless months of gloomy weather has sent the cost of living skyrocketing as the nation pulls its purse strings even tighter in a desperate attempt to meet ever increasing utility bills.

So is there anything that can be done to prepare for the onslaught of rubbish weather without leaving households severely out of pocket? According to the Infographic ‘Live more economically and save the planet’ from financial experts, Baines & Ernst, there is...

“In 2011, the country spent a huge £14.3 billion on electric and £19.3 billion on gas, so whether we like it or not, utilities account for a substantial amount of household expenditure.” says Nick Pearson, Director of External Affairs at Baines & Ernst.

“68% of energy is used to heat the home, while 15% is used to operate household appliances. We wanted to create something that would help people find ways to become more energy efficient, save money, reduce their carbon footprint and do their bit to help our environment too, which is why we released our latest Infographic.” Nick Pearson continues.

The research could certainly help people who are worried about ever increasing household bills – especially with fuel poverty levels increasing year on year.

For a household to be classed as being in fuel poverty, the household must spend 10% of its income on fuel. Government statistics report that 4.8 million homes are in fuel poverty, but this statistic released in 2012 only relates to 2010, which means the bigger picture relating to fuel poverty has yet to be revealed.

With companies continually announcing price hikes, it makes good financial sense to cut spending where possible. And while some of the initial recommendations outlined in the Infographic from Baines & Ernst might require investment, the annual savings are well worth it.

“Looking at how well insulated your home is, is an excellent starting point. Spending money on insulation might not feel like the most exciting purchase you’ll ever make, but if you could physically see the 33% of heat lost through your walls or the 26% lost through your roof, you might feel very differently – especially if the savings on your energy bill could be in excess of £250 a year.

“Local councils are currently assessing homes to evaluate if they qualify for free loft and wall insulation, so contact your council and see if you qualify. Alternatively, they may be offering a grant scheme that will help you to afford the insulation.” says Nick Pearson.

Baines & Ernst also highlight the main culprits around the home that zap energy and remind us what savings can be made by turning electricals off and switching to better energy rated appliances.

But households should also remember that there are other cost savings around the home to be made, such as taking showers instead of baths to save water – even mending a dripping tap which could easily use 1,400 litres of water over 12 months could help you to avoid a hefty water bill.

There is also information on generating your own electricity and making money from your home, as well as advice on how to avoid overspending in the supermarket.

“We all live busy lives; it’s so easy to get swept away with day-to-day living and only question what’s costing us money when a huge bill lands on the doormat, by which time it’s too late to do anything about it.

“Making small changes to how you live now – whether that’s turning off appliances, switching energy providers or budgeting more carefully for other household expenditures, you could make a real difference in the long run.” concludes Nick Pearson.

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