- Canadian Tax Resource Blog - http://blog.taxresource.ca -

10 Everyday Tips to Save Money

Here are ten everyday tips any of us can do to lower our expenses.

1.> Turn down your furnace in winter and your air conditioning in summer.
In the winter, put on a sweater and some thicker socks. In the housesummer, use electric fans as opposed to the air conditioner.

2.> Turn off unused lights!
The average electrical bill is about $0.12 per kilowatt hour. The amount of energy used by the average light bulb is pretty low, but if you have a light fixture with two 100w bulbs running 10 hours a day costs you $88 per year.

3.> Avoid using the dryer and hang your clothes to dry.
A family of four with 3 loads a week and using mid-efficient dryer using 2.75 KWH will pay $52 in electricity.

4.> Get rid of the old fridge in your garage.
Especially if you are not using it. It will consume power and is not as efficient as newer models.

5.> Turn off the TV, computer, and any other appliance if you are not using it.
Hey is no one is watching the TV no one should pay for the hydro. Right?

6.> Wash your clothes in cold water
Many detergents today work just fine in cold water. Save yourself the cost to heat the water.

7.> If you have to go out, combine all of your trips at once.
This will reduce the number of times you start and stop your vehicle and will save you gas.

8.> Get rid of excess TV channels.
Do you really watch all of them? The cable and satellite companies will often let you pick the channels you really want and add them instead of buying a bunch of unwanted channels.

9.> Get rid of the extras on your phone and cell phone
If you don’t use voicemail, caller id, text messaging, internet or whatever then get rid of it.

10.> Trim The Excess Fat From Your Expenses: We all have things we buy that we don’t necessarily need or are not doing anything for us. BankRate.com offers a list of Top 10 money drains [1]. Consider what it these cost: