Ramit’s IWillTeachYouToBeRich.com Series — Tip #2: Turn your thermostat down 3 degrees — NMBankruptcyBlog.com

This is a link to the second in an ongoing series billed as the 30 Day Challenge to save $1,000 by Ramit Sethi at IWillTeachYouToBeRich.com, his blog on personal finance (banking, saving, budgeting, and investing) and personal entrepreneurship. His series outlines the various ways we can keep money in our pockets.

Tip #2: Turn your thermostat down 3 degrees

This year, the Energy Information Administration projects that Americans will pay about 15% more in their heating bills this winter, because of colder weather and higher fuel costs.

The rule of thumb is that you can save 3% on  your heating bill for every degree you set your thermostat back.  Ramit empahsizes the role of psychological barriers to making simple changes and simple ways to begin making new habits.  When you come back to your cold house after being away at work, instead of automatically raising the heat (“it’s cold!”), he suggests keeping warm slippers and a sweatshirt at the door for when you step inside, so that you have something you can immediately constructively do that addresses the issue (“it’s cold!”) besides turning up the heat.

For the rest of the post click here.

For previous tips: Tip #1: Pack lunches for the rest of the week

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