Several people today are living in financial distress for a number of reasons.
Today, about 40% of people in the United States have less than $10,000 set aside, and 20% don’t save any of their income each year. Every aspect of personal finance starts with taking inventory of your monthly bills.
If you live in an apartment, it pays to consider your expenditures so you can get them under control.
Here are some points of information that you should know about the average apartment utility bill and how you can lower it.
Consider the Total Cost of Utilities That People Pay
It’s important that you take a total look at the typical apartment utility bill.
People that rent apartments pay an average of $240 for their total apartment utility bills.
In breaking these costs down further, people pay an average of about $114 for electricity, $71 for water, $60 for high-speed internet, $47 for miscellaneous streaming services, $63 for natural gas, and $14 for trash and recycling.
You have to also factor in the cost of your cell phone and any other optional expenses.
From here, there are some methods you can follow when you’d like to learn how to lower utility bills.
Keep Your HVAC Bills Under Control
Your Heating Ventilation and Air Conditioning (HVAC) system is a big reason that people’s bills get expensive. These energy sources are essential when it’s incredibly hot or cold outside, and these fixtures are constantly used.
Repairing your HVAC system regularly and using them judiciously will help you prevent overspending on your bills.
Have an HVAC professional change the filters three to four times per year to keep your air clean. Get the system inspected at least once annually also to be on the safe side.
Learn Some Ways to Curb Electric Use
It’s important that you get your apartment electric bill under control each month. This is a form of energy that can easily be overused.
When learning how to lower an apartment electric bill, start by switching off lights and electrical devices anytime they’re not in use.
Put devices on timers so that they cut off whenever not in use for a specific period of time. You should also switch to eco-friendly electric devices that don’t use as much energy.
Take Advantage of Paperless and Other Ways to Save
Finally, look into some changes that can get you monthly discounts.
Switching to paperless billing is better for the environment, lets you go completely digital, and can often give you a discount on your bill. Many companies will also give you a discount if you enroll in auto-pay.
Work Backward From the Average Apartment Utility Bill
Understanding the average apartment utility bill will help you keep tabs on your finances and make changes when necessary. Knowing this information will help you as you look to curb spending in your household.
Check out our other posts when you need help with homeownership advice.
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