Monday, July 27, 2009
Category:
Personal Finance Tips
Tescocompare have recently encouraged house holders to better understand which gadgets cost the most to keep going.
They also say we should take control of how we pay our bills and explain how to keep cool at home this summer.According to Tescocompare, longer days and warmer weather mean we are at the year’s lowest point for energy consumption. They also say that now is the time to review how much we are paying for our energy bills, leaving us well prepared for the Autumn months.
Energy monitors are reported to be inexpensive and easy to use. These measure exactly how much energy our household appliances require to run. Tescocompare say that consumers will be surprised at which appliances cost us the least and the most. It is popular belief that larger items use up the most energy. However, this is not always the case. A heated towel rail can cost about £10 a month to heat, whilst having a coffee machine on standby has the potential to add £10 a month to electricity.
Tescocompare carried out tests with an electricity monitor to see what used up the most energy. It was found that lighting accounted for 40 per cent of energy bills. Overall monthly savings were said to be £30.In order to keep cool this summer, Tescocompare say we should minimise sources of heat. Appliances which are significant sources of heat include big LCD or Plasma TV sets, refrigerators, washing machines, tumble dryers, Personal Computers, ovens, hot water pipes and boilers.
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Homeowners who are thinking about making their homes more energy efficient and who are looking for the finances to carry out such
home improvements, could consider a secured loan. Secured loans could be used to pay for new UPVC windows and doors which could improve insulation, whilst some improvers might consider adding solar panels in order to heat their water. As well as energy saving projects, secured loans could also fund home improvement projects required to modernise or extend homes. Secured loans are one of many options to fund home improvements.
