Save Money With Your Thermostat

Today’s post continues providing suggestions on how to save money with your variable expenses in the How To Live Totally Free series. Let’s discuss how to cut back on the money to spend to cool and heat your home. I will teach you how to save money with your thermostat. These suggestions may seem uncommon to many but these are the ones I follow and it works.

Save Money With Your Thermostat By Increasing The Temperature In The Summer

I live in the Southeast part of the United States and our Summers are pretty hot and humid. It’s common for the highs to get to 100 degrees but usually it’s in the 90s. Thus, many of us blast our air conditioning in our homes to stay comfortable. Unfortunately, setting your thermostat too low will cost you more money. That’s why you should increase the temperature on it during the Summer.

I currently have my thermostat set at 80 degrees. Now, I do have other people living in the house with me and I asked them if this temperature was too hot for them. Right now they’re comfortable with the setting but I do allow them to lower it to 78 or 79. No, I’m not a control freak when it comes to the thermostat but I do know from experience the cost savings by increasing the temperature.

Even our electricity provider tells us to set the thermostat higher if their customers want to save money on their power bill. I think they suggest 78 degrees during the day and 76 degrees at night. Usually at night the temperature in the house drops to 78 degrees, so we don’t run the air conditioner at night.

Now, the reason we can live and sleep with these “high” temperatures because we’re used to it. We grew up in a house that didn’t have good air conditioning all the time so we got used to the heat. It helps to wear thin clothing and stay hydrated. Finally, fans can help along with swamp coolers.

Save Money With Your Thermostat By Decreasing The Temperature In The Winter

Now it’s time to talk about how to save money with your thermostat in the Winter by decreasing the temperature. While it’s nice to stay toasty in the Winter that comes with a price. You’ll spend more money on electricity, natural gas, or oil.

When I lived alone I set my thermostat at 71 degrees and wore warm clothes. However, I do live with other people now and I think this upcoming Winter that’s not going to work. However, you can always have a conversation with your family or roommates to see what temperature everyone is comfortable with. I still suggest to wear warm clothes to keep from running the heat all the time.

I think this suggestion will help my readers living in colder climates because the temperatures are colder there. In the South our Winter temperatures only reach freezing or below freezing during certain months so we’re not blasting the heat as much as the Northerners do.

I want to warn you not to decrease your temperatures so low you allow your pipes to freeze. Saving money isn’t worth potentially destroying a part of your house and having to spend more money to repair it.

If you miss any of the posts of the How To Live Totally Free series you can find all the posts here.

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I try to run my heater at only about 64 degrees F in the winter. One can probably get away with much lower if they are willing to dress like it’s winter, especially if you wear thermal underwear. Another advantage of getting used to wearing layers indoors is that you could replace your heater and AC with a heat pump (heat pumps are more efficient cooling than heating) and get along just fine without gas at all. Gas has a pricey maintenance fee per month which you have to pay even if you use very little gas, so this can be a $20-30/month savings over time. Turning off the gas may also require you to get an electric water heater as well, but the electric heaters are usually much faster than a big gas heater since they store much less water and are installed closer to where the hot water comes out.

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