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4 Money Saving Tips for the Winter Season

Nov 19, 2015

It’s that time of year when an extra chill in the air forces everyone to bundle up and blast their heaters. While it’s important to stay warm, be careful not to overspend on your electric or gas bill. This season also brings weather changes that can dramatically affect car performance and cause costly repairs. Before you turn up the thermostat or hit the icy roads, be sure to consider these adjustments to your home and vehicle. Doing so can save you money in the months ahead.

Winter Money Saving Tips for Your Wallet


  1. Be mindful of your energy usage! Nothing says “cozy winter night” like curling up on the couch in a warm, heated living room. If you’re going to use the heater, make sure you’re getting the most out of it by accounting for any drafts that can put a dent in your energy bill. An unsealed window or door can significantly offset room temperature and waste energy. A simple solution for fixing common drafts is to plug up the bottom of the doorway with a rolled up towel and seal windows with plastic shrink film.
  2. Prepare your home for the elements. Winter doesn’t just cause a drop in temperature. It also welcomes snow and rain storms that can easily topple trees onto rooftops and car windshields. Do you see any overhanging tree branches with the potential to cause expensive damage? Make sure to prepare before an accident occurs and cut down possible safety hazards.
  3. Equip your car with the right supplies. The last place you want to be on a cold winter’s day is stranded in the middle of nowhere, wishing you had the equipment necessary to get you home. Not only will it be tremendously inconvenient (not to mention chilly!), but there’s a good chance that you can be hit with a hefty tow-truck bill. Jumper cables for example, can restart your battery if it has stopped working after the first cold night of the year. Be sure to have a set on hand so a friend or kind stranger can boost you for free.
  4. Invest in proper vehicle maintenance. Don’t forget about the potential for car accidents during this time of year. Even the smallest fender bender can set you back financially. For this reason, it’s important to replace or check tires, brakes, windshield wipers and all other the car parts that allow you to drive safely. Slowing down and staying alert can also improve safety on the road!

Winter brings many changes, but financial worries don’t have to be one of them. Don’t dread the chilly months! By performing a little seasonal upkeep, you can save a considerable chunk of change and show old man winter who’s boss.


erin_elis

Erin Ellis
Accredited Financial Counselor
Philadelphia Federal Credit Union
eellis@pfcu.com

 


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