At this time of year thoughts inevitably turn to New Year’s resolutions and, whilst a lot of people will think about giving up smoking, cutting down on the red wine or going to the gym more often, how many people consider their financial fitness?
The New Year is a good time to take stock of the household finances to see if there are ways to save on household bills in 2014. Here are a few ideas to get you going that may help save you more than enough to pay for your gym membership!
- Whether you have an oil or gas get your boiler serviced. Yes, this costs you money but a service will improve the efficiency of your boiler and the reliability so it could save you from an expensive repair job.
- Review your energy prices. Are you getting the best deal? It’s easy to check and compare suppliers at www.saveonhouseholdbills.com . If you have never switched you could save yourself in the region of £200.
- If you use heating oil and haven’t yet topped up your tank, now is the time to do so. Prices this year are lower than at the same period last year so get in now before demand picks up when the weather turns cold. Remember as well to track prices via the BoilerJuice heating oil prices chart so you can choose the best time to buy throughout 2014.
- Review your telephone, broadband and television bills and make sure you are getting the best deal. Saveonhouseholdbills can help with this too.
- Insulate your home. You could save yourself hundreds of pounds a year on your energy bills by investing in loft insulation, cavity wall insulation and draught excluders for doors and windows. You may even be able to get some of these done for free via your local authority or energy provider. Check with The Energy Saving Trust for more information and you may even be eligible for a new free boiler.
- Review your mobile phone contract. Are you on the best deal? Do you need a contract with a phone included or could you just go to a SIM only deal? If you have a contract, do you use all the minutes or could you get away with less?
- Review boiler cover contracts. Do you really need them or could you just pay for an annual service?
- Consider a water meter if you don’t already have one. If there are only a small number of people in the house, the chances are, you could save money.
- Don’t auto renew your insurance policies e.g. car, house and contents insurance as you’ll probably pay more. Shop around to find cheaper deals.
- Turn your heating down. Just dropping the temperature by 1 degree could save you approximately £50 per year.
Are you planning to review your household bills in 2014? What are you going to be doing to keep costs down? Let us know, we’d love to hear your ideas.