Ways to Save Money #1

I’m a financial planner. That’s pretty much all I know how to do. So, keeping track of my cash flow is near and dear to my heart. I don’t like losing or wasting my hard earned money. Thus I don’t gamble.  However, three weeks ago, I changed the air filter in my attic A/C unit and forgot to turn the light off. My wife gently mentioned this to me yesterday when she turned it off for me.

As a financial planner, leaving a light on sickens me because it is money down the drain. A 60 watt bulb on for 3 weeks equals 30.2 kWh of energy consumed. At say $.09 cents a kWh that equals $2.72 of lost resources.

You might say, “Scandlen, what’s the big deal that’s just a couple bucks!” However, that’s MY money and simply due to my laziness I am out that amount, which I don’t like.

But, let’s also look at this. I used to leave my outside lights on at night. Each Candelabra bulb is 60 watts. I have 6 light fixtures each has 4 bulbs in them. So, I have 24 bulbs at 60 watts each on for 8 hours a day. That runs me 11.52kWh a day, or 345 kWh a monthly billing cycle. 345 x $.09 = $31 a month in cost.

Now we’re starting to talk REAL money lost from doing nothing more than leaving lights on. Because I like my money, no I actually NEED my money, I decided to do something different.

Now I turn off my lights when I am not using them. I also replaced lights with  LEDs in case I do want outside lighting at night. Finally, I bought some solar lights that turn on when something goes by the sensor. (I am amazed at how many squirrels light up the sensor as they climb up my back porch to get at my veggies!). Obviously, there’s an upfront cost to purchasing the latter so you have to take that into consideration in your cash flow.  But for me, the one time hit to outflow was more than worth it as, like I said earlier, I don’t like wasting my hard earned money.

Happy financial planning!

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