Heating/Cooling bills

On a cold, winter's day a heater might prove invaluable whereas on a hot summer's day the air conditioning shows to be a life-saver. However, heating and cooling bills may soon represent the bulk of your electrical bills as you need them usually for 12 hours.

A standard 2 kilowatt heater sill cost about 20 cents per hour, multiply it by 12 hours and you will have 2.40 per day and for a week you will have to fork out 16.80, then for a month it will be a costly 72. Considering you may need it for two months in a year it would be 144. Cutting your heater bill is easy, you can opt for a fire-place which is a cheaper alternative. Wood off-cuts can be used to feed the flames, thus being resource-manageable. If you are building a house, however, it might be wise to invest in heat-trapping insulation such as loft insulation for roofs or polystyrene bead insulation. Insulation can cut your heating costs by up to half of the original, giving you 72 extra on spending.

Saves~72 a year

Air conditioning usually runs on 1 kilowatt per hour per unit. An average household would need two air-conditioners. Rounding of the amount of time they would use it in a year would be approximately 4 months, considering we may use it irregularly during spring or autumn. 1 kilowatt costs 10 cents per hour. On average we would use it 5 hours a day in summer. It would then cost 50 cents a day to operate. A week would take up 3.50 and a month will leave you 15 less. A year would cost 60. Opting to open up windows and using fans instead of air-conditioning can save you the bulk on your air-conditioning bills by up to two-thirds saving you 40 dollars.

Electricity bills

Our houses run on it everyday, it's been an invaluable resource but how much money can we squeeze out from electricity bills? In countries where residences have their electric meters in the inside of their houses. Personnel would then have to estimate how much electricity your house guzzles, and in most cases these are over-estimated. Check with your electricity company and you may have alot of leftover cash from this, enough to power your home freely for the next few months.

Saves: Usually enough to power your home for a few months.

Where to park your money?

As banks are closing, recession beating and jobless people searching for scraps of food to feed their families, what can you do if you have just been retrenched with a few months worth of pay? Looking at the current market situation, it is best to park your money where the government gurantees it. Depending on where you are, parking your money in a Fixed Deposit account or Savings (guranteed by the government, of course, insurance is also risky) can be a safe resolution for you to keep your money.

Also, if you fear that the country you reside is going to have a giant dip in currency value, it is also a wise option to park your money in overseas fixed deposits of reputable banks with gurantees from the government( e.g. Australia) ans so that the value of your money will rise even though your current currency is falling. Another advantage of this is also that if you by the currency at its low, your money will appreciate through the rising of the currency's value. The fixed deposit rate for overseas fixed deposits is also much higher, depending on the market situation, but always better than national fixed deposits.