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Top 10 Money Saving Tips For Homeowners in 2020

By Jessica Truss | Published February 14, 2020

Homeownership isn’t always cheap! With the rising costs of living, finding ways to save money is something everyone should do.

When it comes to energy bills, we're all looking for ways to save money. Here are some great steps to making your home more energy efficient.

1. ​Insulate

A third of the cost of heating your home is lost through the walls, so insulating them is the best way to save energy in the home.


Installing cavity wall insulation can save you up to £140 per year on your heating bills.

If you don’t have any loft insulation, installing it could save you £175 off your energy bills every year.

2. Save hundreds on your energy bills in 60 seconds

Did you know that greedy energy companies are ripping us off to the tune of £300 or more every single year? With another round of price hikes just around the corner, it could be a brutal winter for millions of us.

For decades there were hardly any options as greedy energy suppliers raked in the cash. Then one company showed up on Dragons’ Den and is changing everything…

Look After My Bills co-founders went into the Den and wowed the Dragons - walking away with the BEST deal in the history of the popular TV show.

The concept of Look After My Bills is simple: you sign up just once, and the service finds you a great deal (and switches you to it) every year.

And the best part is, Look After My Bills is FREE! They are helping over 200,000 households avoid the energy rip-off this winter.


Get a quote in just 60 seconds to see how much you can save »

3. ​Replace your old boiler


About 60% of what you spend on your energy bills in a year is through your boiler, so upgrading to an A-rated high-efficiency condensing boiler could make a big difference – up to £300 a year.


If you are disabled, have children, or on certain benefits you may be eligible for certain grants for a new boiler. Call the free Home Heat Helpline on 0800 33 66 99 for independent advice about what you may be entitled to.

4. ​Turn down your thermostat

Turning it down by 1 degree could cut your heating bills by up to 10 per cent and save you around £85 a year. You can also cut your heating bills by installing certain heating controls. If you don’t already have a room thermostat, installing one could save up to £70 a year. If you fit a hot water tank thermostat that can also save £30 a year.

5. Don’t leave appliances on standby

UK households spend an average of £35 leaving appliances on standby, so make sure to switch yours off at the plug. Research has also shown that leaving electrical items like laptops on charge after the battery is full costs around £3 a year.

6. Fix dripping taps

A dripping hot water tap can waste enough hot water to fill half a bath in just one week, so fix those leaking taps and make sure they’re all fully turned off.

7. Draught proof your home

Fully draught proofing your home could save an average of £55 a year, not to mention making it a lot more cosy!

8. Insulate your hot water tank


An insulation jacket costs around £15 and can save around £45 a year on your heating bill, paying for itself in less than six months.

9. Use an electricity monitor

Electricity monitors show you in real time how much electricity you are using, which can help you make decisions about your energy use and become more efficient. At the moment you can get an electricity monitor from around £25 online and they are easy to install yourself.

10. Use energy saving light bulbs

Electricity monitors show you in real time how much electricity you are using, which can help you make decisions about your energy use and become more efficient. At the moment you can get an electricity monitor from around £25 online and they are easy to install yourself.


REMINDER: Homeowners are saving £300+ a year or more on their energy bills

Latest statistics show that at least 60% of households are getting ripped-off by their energy supplier.

Look After My Bills is putting a stop to that with their free service. You sign up just once, and they’ll switch you to a great deal every year - saving you £300+ in the process.

The service is rated “Excellent” on independent review website Trustpilot with 7,000 reviews.


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