Whether you find yourself losing money from utility bills or repairs, you may find yourself wishing you could save more money. There are a variety of ways to cut expenses for both utility bills and repairs. This could lead to more savings and might help you move closer to your financial goals. However, if you find yourself coming close to bankruptcy, you may want to ask a Chattanooga bankruptcy attorney for advice.
WAYS TO CUT UTILITY EXPENSES
There are multiple ways to cut utility expenses that can lead to large monthly and yearly savings. The three main utilities you can take control of are electric, temperature-related, and water bills. You may have already heard many people say that cutting back on electric bills just means turning off the lights.
However, this is not the only way to save money on electric bills. You can also look for and purchase more modern energy-efficient appliances. Doing this for all your appliances could add up to significant energy use and significant savings as a result. The same effect can happen from purchasing energy-efficient light bulbs or finding alternative light sources.
Solar panels may not sound realistic or practical, but they may reduce your electric bill depending on how you use them. Some people also request an energy audit which can open opportunities for other ways to save money. Temperature-related bills cover heat, gas, and air conditioning bills.
Only using heat and cold when you need them can save money. Improving insulation and keeping up with filters for air conditioning can lead to less need for air conditioning. Many modern air conditioners have settings to automatically turn off once the desired temperature is reached.
Water bills can be cut down by shorter showers, low-flow toilets, tankless water heaters, and aerators for water faucets. Dishwashers also use less water.
HOW TO AFFORD HOME MAINTENANCE
Many financial experts recommend maintenance financial tips like putting one percent of a home’s value into maintenance. This means calculating what one percent of your home is and putting this money aside for home-related emergencies. Doing this will help you cover unexpected house repair costs.
Many things can go wrong with a house like water damage, temperature regulation problems, window issues, and roof damage. To save money on house repairs, try building savings for this. You can also reduce the chances of the need for these repairs by keeping up with maintaining your home. Repair small issues right away rather than letting them turn into bigger and more expensive problems.
Some government assistance programs offer financial aid for certain home repairs. IRS residential tax credits might be available for energy-efficient repairs. Knowing someone who can repair your home for free is also beneficial.
BANKRUPTCY ATTORNEY IN Chattanooga, TN
You may not have to go through the complexities and frustration of bankruptcy alone. Start by calling us at Tom Bible Law today at } for a consultation about your financial situation. Our experienced team of Tennessee bankruptcy lawyers might be able to help you escape bankruptcy. We serve clients in the Tennessee cities of Chattanooga and Tullahoma.