Six Easy Steps to Save Energy at Home

Do you want to trim down your electricity bills at home? There are several alternate ways to save energy at home. In this post, I listed a few of the alternative ways in the past months. Read on if you want to try them.

1) Cleaning or replacing the filters of air-conditioner units at least once a month. This minimizes electricity consumption because the unit can produce a free flow of cold air to the room inhibiting any extra force input from the appliance hence requiring lesser energy. Less energy input means lesser electricity consumption.

2) Lowering the thermostat on your water heater to 120 is also helpful. More so, the heaters must be shut off whenever you will be away for quite some time. It does not only conserve energy, it keeps your house safe from short circuits while you are away.

3) Turning off the lights when nobody is using. Use only lights when necessary. Refrigerators may be set at a temperature of 36 to 38 degrees and the freezer at 0 to 5. These are simple or should I say minimal but when summed up may equal to a relative amount of savings on your part.

4) Minimize opening oven door when in use. Every time it is opened the temperature drops to 25 to 30 and will increase consumption every time it closes to get back the correct temperature required hence, consuming more electricity.

5) Unplug all unused appliances. The most commonly neglected appliances are televisions, computers, sound systems and gadget chargers. They're usually forgotten because they're just small items. People think they will not contribute much to your bills.

6) Consider using a power saving device. This unit reduces the amount of power drawn from the utility and stores it to the unit and then supplies it back to the appliances decreasing demand from the utility. This means that when the utility has lesser demands it also require less usage and lower electricity bills.

Drawdown Dangers – What It Means To Traders

Drawdown is a word that is feared and hated by every trader, but it is an inevitable part of playing the markets. It is simply how much your account loses from its peak. Suppose you start with $10,000 in your account, and after a succession of losses the account goes down to $7000. That means you have lost $3000, or 30% of the original starting $10,000, and therefore your drawdown is 30%. Drawdown is relative to where your account peaks, so say you had a good run and built the account up to $12,000, then lost $3000 again, bringing it down to $9000. Your drawdown this time would be $3000 from $12,000, or 25%. Maximum drawdown corresponds to the lowest your account ever hits. Sometimes you will see trading strategies detailing how much maximum drawdown is expected to be when using them – usually the more risky strategies will anticipate a greater drawdown while expecting a higher profit on average. Drawdown is particularly dangerous because, the way statistics work, you ...

How to Secure the Future of Your Child with Special Needs

If you have a child who is differently abled, you will agree that leaving your child with no financial support in the future is very daunting. Believe it or not, you can prevent this from happening by securing a special needs fund for your child as early as now. Because a child with special needs may be disqualified for public benefits, the aim of this type of trust fund is to give a convenient lifestyle to them without limiting their access to all available benefits. Generally, the creation of this fund is structured to supplement any assistance the government may provide concerned children in terms of clothing, food and shelter. The four important components of this trust fund are the asset, the beneficiary, the trustee and the purpose. The asset is the special needs resources that will be placed in a trust. The beneficiary is the concerned child while the trustee is someone who will be in charge of the disbursement of the funds. Meanwhile, the purpose serves as th...

All You need to Know About Borrowing Money from Family

Borrowing money from family and friends can be a perfect solution, but be sure to look at the pros and cons of this approach. Before you join the bandwagon, review first this short list of its advantages and disadvantages. The Pros Flexible Terms: Unlike other forms of traditional finance, funding from family and friends is typically offered on flexible terms. Friends and family may agree to a longer repayment period and may seek a lower rate of return than traditional lenders. On a practical level, little or no security is required and the repayment can be tailored to your financial projections. Minimal charges: One of the greatest advantages of borrowing money from friends and family is that the funds are offered at little or no interest. As a start-up or loss-making company, the interest rate charged by traditional lenders can be very high. Easy to set-up: On a personal level, the family member or friend already knows your ethos and business circumstance and so are less likely...

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