Personal Finance News Monday 10/22

Phil's Personal Finance Tip of the Day:

Simple Ways to Save Money on Your Water Bill
By Money Crashers | U.S.News & World Report LP – Tue, Oct 16, 2012 10:12 AM EDT


While reducing your water bill may not be too high on your list of ways to save money, it isn't a complete wash. According to a report by the American Water Works Association, infrastructure upgrades and improvements to our drinking water system are expected to cost at least $1 trillion between now and 2035, much of which will be passed on to consumers. And if you live in a rural area where there are fewer residents to share these costs, your bill could triple.

Start saving money now with these six ways to reduce your water bill:

1. Store cold water in the fridge. Instead of running the tap and waiting for the water to cool off each time you want a cold glass of water, fill up a pitcher or two and store them in your refrigerator. This works well if you use a pitcher with a water filter attached.

2. Take shorter showers. By reducing the time you shower by just four minutes, you can save almost 4,000 gallons of water per year. Focus on getting in and getting out. This can save as much as $100 on an annual basis and may help you save money on other utility bills, such as gas and electricity.

3. Don't let the water run when shaving or brushing your teeth. Don't make this mistake, since it's a complete waste of water. To rinse off your razor while shaving, just keep a cup of hot water next to you and dip it in every so often. When brushing your teeth, fill up your rinse cup and turn off the faucet.

To read the entire article from Money Crashers/U.S.News & World Report LP:http://finance.yahoo.com/news/simple-ways-save-money-water-141234232.html


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