With the summer heating up, here are a few suggestions to help you keep your financial cool:
Have an “away” setting for your thermostat. Although it’s nice to come back to a cool home, it’s often not worth the expense to keep the AC on while you’re away at work. Instead of keeping it at 73 degrees all day, try moving it up to 80 degrees while you’re gone and bringing it back down when you return home. And don’t forget to replace your air-conditioner filters. These are often cheap to buy and can really improve your airflow. If you already have ceiling fans in the house, be sure to use them too – they can efficiently circulate the air to help save on cooling costs.
Also, make sure your window screens are in good shape. Depending on the quality of your window screens, they may absorb up to 70% of the solar energy before it gets into your home. And as a bonus, they will help keep many the insects out when you have your windows open.
Lastly, use your grill. Cooking on the grill outside is not only a summer pastime, it can also be a money saver. When you cook indoors, you’re likely to heat up both your food and your home — and we already know it costs money to keep your house cool.
Most importantly, relax and have fun during the summer! Before you know it, the cold grip of winter will have us digging out our coats again.
The information on this page is provided for educational purposes only and is not tax, legal, financial planning or investment advice. Neither the information nor any opinion expressed in this section constitutes an offer to buy or sell any securities or advisory products. The information provided is general and is not information reasonably sufficient upon which to base an investment decision and should not be considered a recommendation to purchase or sell any particular security. You should not regard this information as a substitute for the exercise of your own judgment. Investing involves risk.