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episode 430: The Secret Way to Save 50% on Your Electricity Bill (EVERY Month!)
Want to cut your electric bill in HALF? A few secret yet simple hacks can save you hundreds, if not THOUSANDS, on your utility bills. And with energy prices almost double where they were just a few years back, everyone is antsy about turning on their air conditioners, even if you feel like you’re about to melt. Thankfully, we’ve got Larry and Hope Ware, also known as “Under the Median,” to show us EXACTLY how they lowered their electric bill by making some simple money moves.
Larry and Hope have been long-time frugalists. A few years into dating, they realized they were flat broke and had to make a tough choice: put their future family first or keep spending without second thoughts. They chose the frugal path to financial independence and, as a result, raised four children on a $40,000/year salary, becoming completely debt-freein the process. Larry and Hope know how to run a budget, and saving money is their sport of choice.
In this episode, Larry and Hope will unpack one of their most astonishing financial accomplishments of late; cutting their electricity bill in half. Through some utility-bill digging and kilowatt-testing, Larry and Hope have built a list of tips that could help you lower your utility bills to levels you may have never seen before. Want in on this money-saving cheat code? Tune in!
In This Episode We Cover
How to cut your electricity bill in half, EVEN if you live in a sweltering climate
Building your “Bare Bones Budget” and prioritizing where money is best spent
The “big green pile of cash” trap that you CAN’T fall into
The BIGGEST mistake most people make when budgeting
“Vampire energy” and how unused appliances could be stealing your cash
And So Much More!
Links from the Show
BiggerPockets Money Facebook Group
BiggerPockets Forums
Finance Review Guest Onboarding
Join BiggerPockets for FREE
Mindy on BiggerPockets
Kyle’s Website
Clarity Financial
Kyle’s Twitter
Grab Scott’s Book, “Set for Life”
Listen to All Your Favorite BiggerPockets Podcasts in One Place
Apply to Be a Guest on The Money Show
Podcast Talent Search!
Money Moment
Check Out Mindy’s 2022 Live Spending Tracker and Budget
The Stupid-Simple Budgeting Trick I’m Using to Stop Blowing 5 Figures a Month
The Cheapest Way to Lower Your AC Bill This Summer
We Cut Our Electric Bill in Half in About 6 Weeks
Click here to check the full show notes: https://www.biggerpockets.com/blog/money-430
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