According to many experts, people in the United States are on unhealthy financial paths that will make it difficult for them to retire. In fact, less than a quarter of Americans have enough money saved to live without paychecks for six months. About 50 percent don’t even have savings large enough to support themselves through three months of unemployment. Living paycheck to paycheck may not seem like a big deal until an emergency happens. When a unexpected emergency happens, though, households simply do not have enough money to pay their bills.
There are a lot of things you can do to start saving more money. Lowering your household expenses is one effective option. By lowering the amount of money that you spend on bills, you can put more in your savings account. Simply telling someone to lower their household expenses, however, isn’t very effective. They need to know what steps they can take to start saving.
In this infographic published by Griffith Energy Services, you will learn about several ways to lower your monthly bills. Something as simple as unplugging your electronics can save you up to $100 a year. Getting rid of an extra refrigerator could help you save up to $200 on electricity every year. When it comes to long-term savings, though, you can benefit from getting a an energy audit that will find inefficiencies like leaking ducts and poorly insulated rooms. You will also want to get your HVAC system inspected. It may cost a little bit now, but it will help you save money for years to come.
Note to publisher:
This is an intro text to an infographic post. You can find the infographic post here: