Predicting a recession is like forecasting a storm, in fact it’s very difficult to know when the first sprinkles will start, when the big drops will hit the roof, and precisely what might happen in between. But like a storm that leaves damage in its wake, a recession can have a serious impact on your live.
Be prepared and check for the following money saving issues. First assessment should be to downsize all costs related to your daily living that includes heating, water consumption and electricity.
1. Save Money and Reduce Water Consumption
As water is not free of charge, you get billed by the amount you used in a specific time. To reduce your water costs, you can limit the time for a shower, screw on special water saving adapters to your water faucet, and get a rain barrel that can be used to water the garden.
2. Save Money and Reduce Power Consumption
Unplug computers, HiFi, stereo systems and gadgets; also "stand-by-mode" does need power supply. Check you light bulbs- will a smaller bulb may be as good as the current one. Check your refrigerator and washing machine, if necessary replace old units with energy efficient models - modern units are great power savers. Always use a lid for the pot or pan that will speed up your cooking time and safe about 30% of electrical energy.
3. Save Money and Keep Thermostat Settings Reasonable
As a rough guide do not heat more than 68º in the winter and not less than 75º in the summer. If you feel cold, simply wear a sweater and less when it's warm. In hot summers, instead using the air-condition system at all time, use a fan to get cold breeze.
4. Save Money by appropriate Hot Water Temperature
You can set your hot water temperature to a fixed value. Only set it to a temperature you really need, if you
have too mix your hot water with cold water the thermostat's settings are too high.
Good Luck, thats may the first things to do when facing an recession.
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