One of my New Year’s resolutions this year was to work on reducing our expenses in order to increase our savings rate. I was hoping to be able to put away about 25% of the money that I bring home this year, but it is going to take some work to change how we spend our money. Instead of getting another job or starting a new business, I felt that cutting costs would be the first place to start where I might be able to get some traction.
In our case, our biggest expenditure is power. Every year our electricity bill has climbed up and there are days when I look at the bill and I cannot believe that we use so much electricity. I suppose that living in air conditioned comfort comes at a cost, but I figured there were some opportunities for us to reduce our consumption or reduce the amount that we need to use the AC on a daily basis.
I went and spoke with a company that specialized in energy saving Los Angeles to get some tips and tricks as to what I could change to make a real difference on our monthly bills. I wanted to learn from the experts and that is exactly what I did.
We are going to replace the remainder of our old windows with new energy efficient ones and spend some money on a programmable thermostat. I am going to monitor our monthly bills for the next few months to measure the savings.