Friday, March 6, 2009
Category:
Personal Finance Tips
According to cahoot, the recession may be bad news in the majority of respects but it is turning out to be good news for the environment.
New research conducted by the company has revealed that Brits are inadvertently leading greener lives as they attempt to save the pennies.
For example, it would seem that 72 percent of us are now switching off electrical items, such as televisions and computers, after use in a bid to keep energy bills as low as possible. 60 percent are also purchasing energy-efficient light bulbs, whilst 58 percent are turning down their heating in favour of simply wrapping up warmer. A further 48 percent are refraining from using certain rooms in the house so as to avoid having to heat them. Another money-saving tactic embarked upon by 43 percent of Brits includes opting for showers over baths, or indeed sharing bath water with family members in the case of 9 percent.
Matthew Timms of cahoot, remarked: "The credit crunch has put money saving at the front of everyone's minds. So it's great to see that the simple sacrifices people are making are at least helping us to live greener as a result.”
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In an effort to make long-term energy-savings, homeowners may wish to consider carrying out some home improvements. One of many options available to fund such work, a
secured loan could finance large scale projects such as replacing the roof on a property and increasing insulation, or replacing draughty doors and windows in order to retain heat more effectively. A secured loan is usually repayable over a term to suit the borrower from 5 to 25 years.
