Budgeting 101 – Winter saving wisdom

Budgeting 101 is back, this time equipped with handy tips to save on energy during the colder months. 🥶

Authored on
11 Jan 2024
|
Read time
  3 minute read

The tinsel has been packed away, and the jingle bells have stopped ringing. Your wallet may be feeling a bit light after the festive season (perhaps you missed our 12 budgeting tips of Christmas blog 😴), but fear not! We're back with another instalment of our Budgeting 101 series, this time equipped with savvy tips to navigate the chilly winter months 🥶.

 

1. Boiler upgrades – your winter warmth lifeline 🔧

Winter demands a reliable boiler. Ensure your heating system is in top-notch condition by scheduling a service or considering a replacement if needed. While this may seem expensive initially, over time you can expect to save around 30% on your bills by upgrading. A cosy home is a happy home!

2. Warmth without the worry 🌡️

Save on heating bills by making a small adjustment. Cranking down the heating by just one or two degrees can make a significant impact on your energy costs over time. You'll hardly notice the difference, but your wallet will thank you!

3. Oven open, energy saved 🍲

Harness the warmth of your oven during meal prep! Leaving the oven door open just a tad after use will let the residual heat circulate, providing an extra boost to your home's cosiness while saving energy. It's a win-win!

4. Tap into the power of nature ☀️

Maximise the use of natural light during the day. Open your curtains and let the sunshine in. It's a simple yet effective way to warm up your living space without touching the thermostat.

5. Illuminate efficiently – switch to LEDs 💡

Brighten your space while cutting down on energy consumption. Swap out traditional bulbs for energy-efficient LED lights. They not only last longer but also contribute to a more sustainable and cost-effective lighting solution.

6. Bundle up – fashionably frugal 🧣

Why turn up the heat when you can turn up the layers? Embrace the winter wardrobe and keep warm with cosy sweaters, blankets, and layers. Fashion meets frugality!

7. Room management 🚪

Take control of your indoor climate. Close doors and turn off radiators in rooms that aren't in use. Focus the warmth where you need it most, optimising your heating efficiency.

8. Shower power 🚿

Transform your shower routine into a quick and efficient splash of water. Opt for shorter showers to minimise water usage and consider installing a low-flow showerhead for an added eco-friendly touch.

9. The art of unplugging 🔌

Join the movement of conscious energy consumption by making it a habit to unplug devices when they're not in use. Say goodbye to standby mode and opt for a more eco-friendly approach. Not only will you see a positive impact on your electricity bill, but you'll also be contributing to the well-being of the planet.

10. DIY draft prevention – seal the leaks 🚪

Combat the winter chill by sealing any drafts. Use inexpensive draft stoppers on doors and windows to keep the cold out and the warmth in.

 

There you have it – our winter saving tips to keep both you and your wallet snug during the frosty months. Embrace the chill with a dash of financial wisdom, courtesy of Dodl. Stay warm and budget-savvy! 🔥💰

 


It's important to know

You have to be solely a UK citizen and resident to open an account with Dodl. If you're not solely a UK citizen but still want to invest, you may be able to open an account with our parent platform AJ Bell. 

The past performance of investments isn't an indicator of their future performance and their value can go down as well as up. This means you could get back less than you originally invested. 

Dodl doesn’t offer any advice so if you’re not sure about the risks involved with investing, you should speak to a suitable financial adviser. 

How you're taxed depends on your circumstances, and tax rules can change in future.