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5 Ways To Stop The Energy Vampires

How Much Does Your Vampire Suck

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Halloween is one of my favorite times of the year.   Handing out candy to all of the kids in my neighborhood never gets old, and at least one child each Halloween season is dressed up as a vampire.   Computers, cell phones, cable boxes, and printers can be the Vampires that suck up your money by giving you a bigger monthly electricity bill.  The EPA estimates that plugged in devices can suck up $100 a year or more to keep power going to devices not being actively used.   What are five smart money moves that can be used to stop the energy vampires from biting you?

Suzanne Jones, Interim President and CEO of the Association of Energy Services Professionals says, “We estimate that by spending $500 on energy efficiency devices that more than $1,800 in energy savings can be generated.”

  1. Use A Smart Shower Head- There are many devices on the marketplace that will stop the water flow when the water temperature is ready to go.  Just flip on a switch when you want the hot water.  This could save you more than $200 a year.
  2. Use Smart Power Strips– There are different types of strips on the market, but some are ‘current sensing’ which means they can detect when a monitor enters into sleep mode.  This could mean a $250 savings per year if deployed throughout your house.
  3. Use LED Bulbs- While there will be an initial up front cost, the savings for your family over using incandescent bulbs throughout a year is incredibly meaningful.  How about a more than $300 savings per year?
  4. Manage Your Thermostat– Keeping your thermostat set at 78 versus 72 while you not at home can add an additional $150 to $200 to your bottom line.
  5. Insulation, Doors, Windows- You may be eligible for an energy tax credit while also putting some energy savings in your pocket by doing something as simple as adding insulation to improve the loss of heat in your home.

Don’t let the energy vampires suck your blood this Halloween season!   It’s time to get handle on your budget and use some or all of these five smart money moves to put more cash flow in your pocket.

Written by: Ted Jenkin
Request a FREE consultation: www.oxygenfinancial.net

About the author  ⁄ Ted Jenkin @ Your Smart Money Moves

Ted Jenkin @ Your Smart Money Moves

Hey!

My friends and family all think I’m a workaholic, but I say I’m just a guy that loves to help people do better in life.

My mother is still the only one that calls me by my real name Theodore Michael, my wife calls me Teddy, but for the rest of you it is just plain old Ted.

Ever since I was a little kid, I always loved money and being an entrepreneur. In fact, I still have cassette tapes of me talking to my grandmother at the age of five and my mother tells me all the time how much I played with money as a kid...

Read More About Ted Here

Ted Jenkin is a frequent guest columnist for the Wall Street Journal and Headline News Weekend Express. He is the co-CEO of oXYGen Financial. You can follow him on LinkedIn @ www.linkedin.com/in/theceoadvisor or on Twitter @tedjenkin.

Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

The opinions expressed in this commentary are those of the author and may not necessarily reflect those held by Kestra Investment Services, LLC or Kestra Advisory Services, LLC. This is for general information only and is not intended to provide specific investment advice or recommendations for any individual. It is suggested that you consult your financial professional, attorney, or tax advisor regarding your individual situation. 

Background and qualification information is available at FINRA's BrokerCheck website.

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