February 2, 2021, 9:41 am

Ways to Save Money on Heating and AC Energy Costs

by: The Financial Blogger    Category: Personal Finance

If you want to reduce your energy usage, stop worrying about the light bulb hanging from the ceiling and look at the air conditioner instead. Heating and cooling your home consumes a third of the energy used by the average family. That’s why you should invest your time and effort into getting more out of your AC or heat pump. Here are a few ways to save money on heating and AC energy costs.

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Replace Your Air Filters

Odds are that your home’s air filters should have been replaced weeks or months ago. A dirty air filter is clogged. The AC has to work longer and harder to bring in the fresh air it needs. This accelerates wear and tear on the system. It also forces it to use more energy to get your home as cool as it would if you had fresh air filters in place. Note that replacing your air filters in the fall will also reduce your heating bills. You also need to clear away fallen leaves and other debris from around the air intake vents before winter comes.

Have Your AC Repaired As Soon as Issues Arise

If your air conditioner is leaking refrigerant, you may notice the unit having to work longer and harder to get your home as cool before it stops working outright. This results in increased energy consumption as great as if you had turned the thermostat down a couple of degrees. If the unit is repaired early on, you won’t have to replace the motors or add as much refrigerant. Work with a good AC repair San Antonio based firm, so that your HVAC system can be regularly maintained and quickly repaired when necessary.

Insulate

One of the best ways to save on your energy bills is to insulate your home. What can you do if your home already has thick insulation? You might want to arrange an energy audit to look for gaps in the insulation. There might be cold spots in the walls because of leaking pipes, too. You can add more insulation to your home, too. You could hang insulated drapes in the windows, reducing your heating and cooling bills. Put draft stoppers under doors. In some older homes, you might want to consider replacing the front door with a more solid, insulated one. Put another blanket on the bed before you turn up the thermostat at night. 

Find More Energy Efficient Ways to Stay Cool

How can you keep cool without turning down the thermostat and driving up your electric bills? Turn on the ceiling fans or portable fans instead. You don’t have to go for a swim, but you might feel better after taking a cold shower. Or give everyone cool drinks. Tricks like these may be what you need to get through the hottest part of the day without cranking up the AC. You may also need to eliminate heat sources that offset the cooling effect of your air conditioner. Don’t bake or take hot steaming showers when your AC is struggling to keep your home cool. Close the blinds on the side of the house being hit with the summer sun. Wait until the evening or early morning before you turn on the clothes dryer.

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January 20, 2021, 10:19 am

Problems That Many Trade Services May Have

by: The Financial Blogger    Category: Trading

You can learn some very valuable things while being subscribed to different trade services, but they also come with their fair share of problems. Trading problems are nothing new and every single trader is likely to run into some sort of problem as they embark on their trading journey. You are especially prone to experience problems if you are just beginning your journey into investing; however, no one is invincible and even the most experienced investors can stumble upon issues.

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When you hear about traders who have made a killing in the market and are practically rolling in money, you may become remorseful when you begin to run into problems and not wealth. However, even top traders have run into problems, but the way they dealt with those problems is what made them wealthy. When you enter into the market, expecting success from day one is the worst thing you could possibly do.

Remember the phrase ‘Rome wasn’t built in a day’? Well, that applies to investing and trading alike. It is normal to feel disheartened when you don’t reach immediate success. However, giving up is the last thing you want to do, so don’t lose sight of your hopes or dreams.

Day trading

One problem that is coming increasingly bigger within the trading world is day trading. At first glance, day trading seems like an excellent idea, however, it can be far for that. When people have time to sit at their desk and closely monitor stock trade alerts, then great! Day trading could prove to be a great tool for you.

However, if you’re looking into trading, it is likely that you’re trying to build you wealth and also have a full-time job, so the last thing you want to do in your free time is stay chained to a desk to monitor alerts. Day trade alerts are massively time-sensitive and once they’re gone, they’re really gone. Missing them is a crucial mistake.

Even if you are only 1-2 minutes late, it is likely that you will completely miss the opportunity which in hindsight, is as frustrating as anything. It takes a whole lot of time and effort to stay on top of and follow day trade alerts. On top of that, you will likely deal with overwhelming anxiety while waiting closely for the next alert since you have to be lightning-fast to respond.

Penny stocks

Now, we get to penny stocks. Penny stocks are an automatic red flag for most people, and it is completely understandable as to why. There is a major and fundamental problem with doing trade alerts on penny stocks or micro-cap stocks. They simply do not have enough liquidity to support a trade alert service.

You may be wondering what this means, and in simpler terms, it basically means that since they are such small companies, there really aren’t a lot of people trading them or a lot of people interested in trading them. This poses a huge issue because of the fact that when an alert goes out, a whole heap of people rush to buy a stock like that all at once and because there simply aren’t enough sellers to absorb all of the buyers, the price absolutely explodes.

This then creates a problem because if you aren’t obsessively following the trade alerts, by the time you make it to your desk to make the trade, it is highly likely that the price has already severely skyrocketed due to the fact that so many subscribers have gotten in quicker and already purchased the stock on these micro-companies.

Then, on top of it all, the guy who alerted the trade would then opt to sell his position only to sell to subscribers. Once he sold his position, a huge tidal wave of sell orders would come in from all his subscribers, and the price would plummet right back down in record time. In the end, you will be left holding the bag (along with many other subscribers I’m sure). The price will have gone way down, and you will still be holding the stock at a loss while the “trade guru” had chalked up a profit and boasted this as another successful trade.

Lack of research

Staying up to date and educated in any situation is highly recommended. So, the biggest problem trade alert services seem to have is that they haven’t tested their trading strategies against historical data. For any given trading strategy, there are years of proof that this strategy worked over and over and was successful, however, some trade alert services have never done any research about how their trading strategies would have held up historically.

This is a massive problem because different trading strategies are optimal for different market conditions and some trade alert services might have periods of success, but can they hold up for the long term through various market conditions? Doing historical research is a great way to account for that, but most services don’t do that which makes it largely unsuccessful in the long run.

How Mindful Trader can help

Just when you though all of these problems were likely to create a gloomy outlook for traders, Mindful Trader comes to save the day. Unlike day trading, Mindful Trader is a swing trade alert service that relies on an entirely different approach compared to every other trade service. All of the trade alerts from Mindful Trader are based on a historical quantitative edge that was uncovered from years of stock market price research.

With Mindful Trader, you don’t have to sit in front of a screen for large amounts of time to monitor the stock market, instead, you can enjoy a relaxed approach. Eric Ferguson from Mindful Trader understands the stock market in an in-depth way and was once using the same trade alert services that are still around today, however, when he found little success, he took it upon himself to do better.

If you’re looking for a mindful, stress-free, well researched, and data-driven trade alert service, look no further than Mindful Trader. Happy trading!

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December 1, 2020, 5:00 am

How you can get cheaper auto insurance

by: The Financial Blogger    Category: Insurance

When it comes to the time of the year that we have to buy auto insurance (for some of us that’s every month) our wallets certainly feel the strain.  Auto insurance can be very expensive and if you don’t check what options are available to you, then it’s even more so. You can get cheaper auto insurance if you follow some simple steps, here they are:

Identify the type of coverage you require

This is just something that you should think about, if you have a vehicle that’s worth not a lot of money, should you purchase full insurance cover? For example, a friend of mine recently purchased his insurance for a vehicle worth $800 and his insurance cost more than the vehicle. If you are faced with this scenario you should look to see if you think the policy is worth it, if not then get a cheap car insurance.

Always look for discounts!

There are always tons of discounts when it comes to auto insurance, so make sure you check what options are available to you. If you have more than one vehicle, many insurance providers now offer brilliant ‘multi-car’ discounts, so if this applies to you check out your options. Also, have you considered getting your home and auto insurance from the same provider? You can make big savings by combing your insurance policies.

If you are a young driver or you are just learning to drive, you could consider choosing a policy that offers a good grades discount. If you are doing well in school, then you will get a discount on your insurance policy, it’s that simple.

Ask for higher deductibles

Asking for higher deductibles is very popular as it can decrease your insurance cost by up to 10%. The higher the level of deductible that you choose the more the percentage you save will be. However, you should make sure that the amount you choose is realistic should you actually wish to make a claim. If you have an accident you will have to pay the deductible amount before your policy will come into play.

Compare policies

Comparing as many insurance policies as possible is the best way to save on auto insurance. Use a price comparison site and compare as many policies as you can, all you have to do is enter you details as if you are filling in car insurance quotes. You should then be presented with a list of insurance options available to you. You can then identify what each policy is offering and you can choose the cheapest option that offers the best value for you.

Check the extras on your policy

When you receive an auto insurance policy, there are often extras that get included such as health and legal cover. If you don’t need or want these extras, ask for the insurance provider to remove them, it can result in a big drop in the cost of your insurance policy.

Monitor your credit record

Insurance providers often look at your credit record when you apply for a quote from them, so maintaining your credit record to the best of your ability is a good way to save some money. Maintain a good credit record by paying your bills on time and try not to get yourself in too much debt, it makes you look like a reliable purchaser and the insurer will therefore offer you a bigger discount.

Bio:

This article was written by Andreas Nicolaides, a finance and money saving author for Money Supermarket.

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November 17, 2020, 10:22 am

How much will my house be worth in 5 years?

by: The Financial Blogger    Category: Personal Finance

There’s no purchase as dreaded and as expensive as buying your first home.  Most homeowners have a lot of trepidation, considering the immediate future and the distant one.  Starting with what their new property will be worth in five years, they try to work out from there.  Unfortunately, it’s not that simple since most homes have a price that fluctuates on the house by house basis.  If you still want to figure out whether you’ll be losing or gaining money, here are some simple things to consider.

Current Condition

What condition is your home currently in?  Is there damage to any of the siding?  How recently was the roof replaced?  Go through your new home with a critical eye, and try to see what parts of your home will depreciate.  If you’re unsure, you can hire a professional to walk through and tell you what needs repairs.  Generally, there aren’t any huge issues with most homes, but small changes and updates can make a world of difference.

How Well Can You Maintain A Home?

Do you think you’ll be able to maintain your home or keep up its current value?  Before asking yourself, “What is my home worth?” consider if you’re willing to put in the work to at least keep it at the current price.  To best maintain your home, clean your gutters often, paint your home when needed, clean inside and out, and pat attention to any changes like shifting or smells that could warn of mold.

Are You Doing Updates?

Updates add a ton of value to homes, as long as they’re carried through intelligently.  Don’t waste your time updating a basement or bathroom since studies show that these updates lose money.  The best updates to bring cash back into your pockets at the sale are bedrooms and kitchens.  Although the kitchen is expensive to update, it’s a sacrifice that will raise your entire home’s property value.   

Do You Have a Plan If The Market Fails?

Although the housing market is running on a giant cyclical loop, and houses ride that wave going up and down in price, you need to have a plan for if the market fails when you’re trying to sell.  Unfortunately, we can’t always help the circumstances that make us sell, and we may get trapped in a buyers market.  A buyers’ market can be stressful for homeowners because the control is outside of their hands.  Buyers can barter, argue, and grift homeowners into losing money on a home so they can save some cash.  Make a plan ahead of time to get stuck trying to sell in this situation accidentally.

To figure out how much your home will be worth in five years, calculate these numbers together, and decide what your home will look like in both a good and a bad market.  After five years, the average home’s price shift isn’t that large without an update, so don’t be afraid to put in a little elbow grease!

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October 14, 2020, 9:32 am

5 Things to Consider Before Taking Out a Business Loan

by: The Financial Blogger    Category: Personal Finance

If you are about to launch a business, there are all sorts of issues that can arise when getting your venture off the ground. Whether it’s buying equipment, finding office space, taking on employees, or cash flow issues, many entrepreneurs decide that a business loan is the right option to take.

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But, while a business loan can help turn your dreams into a reality, you should never take one out before thoroughly analyzing your situation. To help, here are five things to consider before taking the next step.

Establish the Purpose of the loan

The first thing to consider before taking out a business loan is defining why you need it. If you’re a small startup, you may not have a lot of money in the bank. So, taking out a business loan may saddle you with more debt than you can take on. Once you’ve established the purpose of your loan, you need to be realistic with how much you need. It can be all too tempting to borrow more, but when you factor in the fees on top, you could end up in a mountain of debt.

Know Your Credit Score

To be accepted for a business loan, your credit score will be a primary factor that lenders look at. Understandably, the healthier your credit is, the more chance you have of everything running smoothly. Before you even apply for a business loan, it’s wise to get a copy of your credit report. That way you can check to make sure it’s accurate and take further steps to improve your score.

Determine When You Need the Loan

Once you’ve decided how much you need and have checked your credit score, you need to establish when you need your business loan. The less urgent the need, the better your options will be. If you have lots of time before applying for a business loan, you may be able to boost your credit score, as well as look around at different lenders. If you’re in desperate need of cash, you may make the wrong decision that could come back to bite you later on.

Shop Around

If you are looking for funding for your startup, there are various types of business loans that you should look into. Visiting https://advancepointcap.com/sba-vs-conventional-loan/ will give you a better idea of the types of options you have available. There are pros and cons to every kind of business loan. So, make sure you examine every option and look into business loan alternatives if need be.

Read the Fine Print

No matter what business loan you take out, there will be terms and conditions attached that you must understand. If you don’t take the time to read the fine print, you may sign something that could haunt you in years to come. Be aware of the payment structure and if there are payment penalties.

Launching a new business can be daunting. With so many factors to address, it’s vital that you have the funds required to get up and running. If you’ve decided that a business loan is right for you, the factors above will make the decision process easier and help you stay in control of your finances.

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