4 ways to save money on household expenses

by | Aug 1, 2023 | Finance and Business, Home and Living

With inflation and high interest rates, most of us are feeling a little short of cash these days. Here are four tips for cutting back on your expenses.

Minimize food waste
Over the past couple of years, it seems like the price of everything at the grocery store has gone up. So, it’s important that you don’t waste the food you buy.

Try “upcycling” leftovers: use last night’s chicken in a sandwich for lunch or use the leftover veggies as part of a salad. Freeze fresh produce before it spoils. If extra bananas are starting to turn brown, for example, toss them in the freezer and use them later in smoothies.

Also, be aware that “best before” dates are not the same as expiry dates. They simply indicate peak freshness. Unopened and properly stored foods can be safely consumed after the best before date has passed.

Turn down the power
There are a number of little steps you can take to reduce daily energy use. Most appliances consume “phantom power” even when they’re not in use. So, unplug things like your toaster, DVD player and gaming console when not in use. And, when the weather’s nice, skip the dryer and hang your clothes on a line instead.

Invest in efficiency
Everyone knows the phrase, “you have to spend money to make money.” Well, if you’re investing in a home reno or replacing an aging appliance, it’s worth investing in energy efficient options. Adding extra insulation, for example, will help reduce your heating and cooling costs throughout the year. A programmable thermostat allows you to turn down the heating or cooling while the house is empty, and then set it to return to a comfortable level before you return. And choosing the most efficient appliances on the market will reduce energy consumption, saving you money in the long-term.

Opt out of the RRO
The regulated rate option, or RRO, is the default energy rate option for Albertans. The rate is approved by the Alberta Utilities Commission at the beginning of every month and can spike significantly based on market conditions. If you’re on the default electricity rate these days, you might have noticed you’re paying more than you used to. . But when you opt out, you can get a fixed rate from a provider like ATCOenergy. Then you’ll know precisely what rate you’ll pay every month and won’t have to worry about energy price spikes.

Learn more about your energy options at energy.atco.com

Related Content

4 tips for helping your kids buy a home

4 tips for helping your kids buy a home

With housing affordability shifting dramatically for a generation of Canadians, many hopeful homebuyers are turning to the “Bank of Mom and Dad” to help them secure their first home. While it’s natural for some parents to want to help their kids get a leg up in the...

read more
5 tips to get action on a consumer complaint

5 tips to get action on a consumer complaint

We’ve all experienced bad service at some point. While we have our thresholds of what we’re willing to tolerate, sometimes issues go beyond high prices or impolite customer service. If a company ignores their policies or doesn’t follow the rules, by overcharging you...

read more
4 spring home maintenance musts

4 spring home maintenance musts

It’s no secret that the harsh winter elements can take a toll on your home. Once the ice thaws and the flowers begin to bloom, consider some simple spring projects to help prepare your home for the warmer weather. Adjust your thermostat. Review and adjust your...

read more
3 semi-unusual pets and why people love them

3 semi-unusual pets and why people love them

From cuddly to rambunctious, cats and dogs are the most common pets. But, of course, they are not the only ones. Here are three other types of popular pets, why people love them and what everyone should know about them. Birds Often dubbed “mini dinosaurs” due to their...

read more
Advice to help you pay off your mortgage faster

Advice to help you pay off your mortgage faster

Looking for ways to pay off your mortgage faster? Even small steps over time can make a big difference in how long it takes you to become mortgage-free. You’ll typically have opportunities to make changes to your mortgage that can help. Some of them you can make at...

read more
Fire up your home safety plans

Fire up your home safety plans

In the busyness of daily life, it’s easy to overlook the importance of practising home fire safety. Consider making the following tips routine to help ensure your home and family are prepared in the event of a fire or carbon monoxide (CO) emergency. Test and maintain...

read more