Financial Education

Stay Warm & Save on Heating Costs

As the weather turns colder, heaters are kicking on and many folks find themselves paying higher energy bills. However, keeping your home at a comfortable temperature doesn’t have to cost a lot. Here are some tips on how to stay warm and still save money on heating costs.

Dress Appropriately

Don’t rely just on the furnace to keep toasty in the winter—dress in warm clothes. Wear socks or a comfy jacket and you won’t have to turn the temperature up as high. Use cushy blankets while watching TV on the couch and put thick comforters & sheets on your bed.

Audit Your Energy

Search for heat leaks. If you feel a cold draft in your home, it means the hot air is escaping. Windows and doors are the biggest culprits. Check the weather stripping and replace if it’s old and worn. Re-caulk your window panes if necessary.

You can also take advantage of the sun. Open curtains during the day to let it shine in and naturally provide heat. And, contrary to what you may think a ceiling fan on a low setting can help circulate warm air instead of making things cooler.

Boost Efficiency

Many professionals recommend a furnace inspection every other year and, if your HVAC system is more than 10 years old, you should get it checked annually. But you don’t need an expert to change your air filter, which you should do every month or two. Regular maintenance will increase efficiency.

Resist the urge to crank up the thermostat when it’s cold outside. Keeping it in the high 60s or low 70s will ensure it’s comfortable without costing you too much. In fact, each one-degree drop can reduce your energy bill by up to 3%. And lowering it when you’re not there or while you’re sleeping can also save money. The U.S. Department of Energy estimates that lowering the temperature seven to 10 degrees eight hours a day will cut the bill by about 10% annually. Many modern thermostats are programmable and some smart-home systems will only warm rooms with people in them.

The change in seasons doesn’t have to equal higher utility costs. By dressing warmly, maintaining your furnace and preventing heat loss, you’ll stay warmer and spend less doing it.

Joel Hilton

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Joel Hilton

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