If you feel like you’re being drenched by utility bills, you may be looking for ways to cut your monthly costs. While utilities like internet and cable TV may seem like obvious targets, your water bill can also run much higher than necessary. Missing water bill payments could also eventually hurt your credit score. While most utilities don’t report on-time payments to the credit bureaus, many will report accounts that have gone into default or collections, which will cause your scores to take a hit.
The good news is that you don’t have to take drastic measures to save big bucks on your hydro costs. If you choose just a few of the tips below and employ them consistently, their effects will add up to significant savings over time. Remember that conserving water is not just good for your wallet; it’s good for the environment!
Here are several ways to cut down on your water costs:
1. Fix Leaky Faucets
Leaky faucets may not seem like obvious culprits because they’re only losing water a drop at a time. But as months go by, those drips add up significantly. A single drop per second from a leaky faucet can lead to 2,082 gallons of water wasted each year!
2. Run Full Loads of Laundry
You may want to avoid running your washing machine just to clean a few T-shirts and a pair of dress socks. Not only does thiswaste water but it puts unnecessary wear and tear on your washer. Only wash full loads of laundry to reduce the number of times you have to run your machine.
3. Limit Your Showers
Showers account for 17% of home water use. That long, luxurious shower feels good in the moment, but it drives your water bill through the roof. Try to limit your showers to five minutes or less or cut back on the frequency.
4. Install Efficient Showerheads
If your showerheads are inefficient, or if you’ve never replaced them, you may want to invest in a low-flow or high-efficiency showerhead. Showerheads today must have a flow rate no more than 2.5 gallons per minute, as specified by the federal Energy Policy Act of 1992.
5. Install Faucet Aerators
Faucet aerators limit the water that flows through your faucets, cutting water usage and the energy required to heat hot water. Installing aerators on every faucet in your home can dramatically reduce the water used in your sinks.
6. Install Water-Efficient Toilets
Invest in a new toilet. Today, toilets are more energy efficient and can use less than 1.3 gallons per flush. While low-flow toilets got a bad rap in their infancy, today’s toilets have corrected the poor performance issues that plagued early models. If your toilet is due for an upgrade, a low-flow model can help slash that water bill.
When it comes to saving money, leave no stone unturned. Even if you only reduce your water bill by $25 each month, that's an extra $300 you'll have in your checking account at the end of the year!