Today’s tip is to reduce your thermostat 3 degrees colder starting right now. Below, I’ll show you some additional math / tips to show you the effect this will have on your finances.

How much will you save?

You can save approximately 3% on your electricity bill for every degree that you set back your thermostat.

To keep the math easy, let’s assume we can save 10% by cutting 3-4 degrees off the temperature. Here are some sample savings. Note: The actual numbers for the electricity bills were obtained very un-scientifically (too many variables to consider).

$10 off a $100 bill

How to make this tip actually work

The trick is this: First, turn your thermostat way down when you go to work or during usual peak hours. That’s free money. Second, think about what causes you to turn the heat up. When you come home from work, the first thing you notice is probably how cold it is and want to jump in for a hot shower…wrong, it’s not winter anymore!

If it is still cool at your place, keep warm slippers and a blanket conveniently near the door. No more thinking – it’s just a natural part of coming home and putting your bag down.

I did this at my house. As soon as I came home, there were slippers and a jumper right near the door.

Savings: $10-20

Be sure to leave a comment to tell me how much you’re saving by adopting this tip

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