Money Saving Tip: Reducing Electric Bill

It’s official! Summer is here already says Pagasa. Along with increased heat comes the increase in our electric bills. Today I used the Meralco Appliance Calculator (http://www.meralco.com.ph/mac) and here’s what I’ve discovered.

The biggest contributor to our household energy cost is our AIRCON which accounts for 25.69% of our total electric bill. It is followed by our ENTERTAINMENT appliances which accounts for 25% of the total bill then next comes our REFRIGERATOR which accounts for 17.7% of our bill.

Thus, below are some tips on how we can reduce our electric bill.

AIRCON

1. Keep the filters clean by cleaning it twice a month.
2. If your unit has a timer, set it off automatically three hours before you wake up.
3. Make sure your air conditioner is sized properly for your space.
4. Don’t place potential source of heat like television and lamps near the unit. This will cause the aircon to run longer.

ENTERTAINMENT

1. Unplug entertainment appliance when not in use. These are electrical vampires that uses electricity merely by being plugged into the wall.
2. Easiest way to save energy with TV is turn it off.

REFRIGERATOR

1. Defrost when the ice becomes more than 1/4 inch thick.
2. Place it at least 4 inches away from the wall so as not to overwork the motor.
3. Don’t place warm food inside.
4. Refrain from frequent opening of the door.
5. Thaw frozen food inside the refrigerator and not in the counter. It will help cool the refrigerator.

Additional Income: Work from Home

For those who wants to earn additional income, here's a site that I have found.
http://www.megatypers.com/

Make money solving capthas! Use one of the following invitational codes for signup:  OFH, OFI, OFJ, OFK

They will automatically process your earnings to your paypal account once you have made the minimum balance of only $3

Below is some information about the company:

EARN OVER $200 US DOLLARS A MONTH

MegaTypers.com is a workforce management company that service institutions requiring data entry services. Our main goal is to support our client’s digitization requirements by converting scanned papers into editable digital documents. Our services also include Neural Network Text Recognition, Voice-to-text transcription and Completely Automated Public Turing Test to tell Computers and Humans Apart image recognition for the visually impaired (blind).

We're currently looking for typers from around the globe. All you need to have to work with us is a computer with an internet connection and the ability to type at least 10 Words Per Minute. Our schedules are flexible. You can work at any hour that you want and for as long as you please. The quicker you type, the more cash you earn.

 MegaTypers.com is fantastic for:

•Mothers that stay at home.
•Parents that need a second job.
•Students.
•People in between jobs.

How much you earn depends on how much you work. Our top typers earn between $100 and $250 each month! Our Rates start from $0.50 for each 1000 words typed and can go as high as up to $1.5 for each 1000 words typed. We Pay through Debit Cards, Bank Checks, Paypal, Webmoney, Liberty Reserve and Western Union.

2012 New Year’s Resolution

Happy New Year!

What better way to greet the new year than a resolution that will help make a great change to your life and family from years to come. So this year my new year’s resolution is about improving our finances for our future. Be it by saving money, doing some sidelines, or just finding a way to earn some passive income.

I will set up an automatic bank transfer to my savings account every month when I received my paycheck. This is what you call Pay Yourself First. I will spend this money to create some passive income for me.

Another way of saving money is by logging your expenses daily and reviewing it at the end of the month. Then identify expenses that we can do without.

Generally the formula that I want to have as a mindset is, I want to make money but work less and have a decent retirement for me and my husband. Is that possible? This is thru the power of passive income. Passive income is an income that does not require your direct involvement, like owning rental property, royalties, stocks dividend, and network marketing.  

We are looking into investing in mutual funds, uitfs and getting our son Migi some education plan. We are also considering dipping some of our funds in stocks.

Anyway these are just some of the initial ideas that we are thinking about. I am going to write more about our adventures and experiences in improving our finances. So stay tune..