Posts Tagged ‘Gas’

Get Smart With Your Smart Meter!

By: Canadian Budget Binder

Everybody’s got ‘em, some have ‘em working already, others will be starting in May 2012 and most already hate ‘em. You guessed it, I’m talking about the new TOU (Time Of Use) Smart Meters. Although not a new concept in the grand scheme of things, they’re here whether you like it or not.

There are other countries that have had a variety of  ”time of use” schemes for years.  I can remember as a child in  England me mum always had the hot water on a timer coz of “Economy7“.

Having cheaper electricity at certain times of the day has been natural for me, but for the Canadians I know it’s quite the sore point. What’s the problem? Well the Canadian climate for starters isn’t exactly stable, where swings of 70 degrees Celsius between summer and winter exist. Heating and Cooling the house is a major player in the bills department.

What did I do?

For starters I got rid of my old Mercury switch thermostat and replaced it with a 7 day programmable. I can set the thermostat warmer for when the fans kick in on cheap rate, then have it lower during expensive rate. The idea being that the residual heat from cheap rate inside the house gets us through to the next cheap rate time slot. I’m not entirely sure there’s any scientific merit in this strategy, but I’m always open to theories.

During the Weekend and Stat Holidays (Bank Holidays to us Brits) it’s different, it’s cheap all day, so if you leave the clothes washing til either the evening (after 7pm) or the weekend you’ll be on cheap rate.

Timers are another great idea if you want to run electrical equipment, set them up to only come on at cheap rate. Some electrical items may need to be left on all the time so you may have to research what you want on a timer.

In the summer when we need the air conditioning (A/C) on we try to wait it out for the cheap rate to kick in. Using the dehumidifier with the A/C dries out the house faster and aids in making it feel cooler and uses less electricity as you’re running the A/C for shorter periods of time. On cool nights I open all the windows and run a single fan…..one fan can actually get the house down to 16 degrees on a cool night.

Some people have suggested using the ceiling fans in conjunction with both the heating and the A/C……haven’t seen a great deal of difference to be honest. We always have the blinds shut in the summer months to reflect the sun’s energy just so it’s not heating up the house. We keep the blinds open during winter days to let warmth in but closed during the night.

The hot water is gas heated (same price all day) but you might want to think about yours and how you use it if it’s an electric water heater. Lime scale build up on the element won’t do it much good either. We have hot water cylinder jackets in the Uk but haven’t really seen them here. They’re basically a duvet for your tank to keep the water you just paid to heat up warmer for longer.

We have electric washers and dryers, they only do their required job on cheap rate.(yes we have 2 of each, long story) The clothes dryer however is rarely used as 99% of the time the clothes are hung especially in the summer months, coz sunshine and a warm breeze is free. A badly furred up exhaust line will cause your drier to work harder (not to mention it’s a fire hazard) and you’ll get to the point where it’s struggling to dry your clothes.

TIP- Do yourself a favour and clean it out.

I also upgraded the bathroom extractor fans to 150 cfm super quiet (energy star) instead of the builder grade 50 cfm noise polluters and fitted a timer with each. I know I have to run the bathroom fan, but I don’t wanna run back 2 hours later and turn it off coz I forgot about it !!!

All light bulbs in the house are of the Compact Fluorescent type, except those on the exterior of the house, just because they don’t do cold very well. If LED bulbs came down in price we’ll be swapping to those.

Even the TV’s in the house use less electricity, they are either LCD or LED rather than CRT (cathode ray tube) and unplugged from the wall when not in use.

Don’t use anything more than you have to, if it can wait until cheap rate then wait and do something else instead. I even plug the cell phone in on cheap rate and the rechargeable camera battery goes on cheap rate too.

I tape/sealed all ducting with metal tape (not duct tape) including the return air side, this increased the efficiency of the furnace by actually pulling cold air from the entire house (you can actually feel the suction on the return air registers). The 3 months following the tape job I changed the furnace filter 3 times due to the amount of crap it sucked out of the ductwork. It now heats/cools the house faster saving me money coz it’s on less.

Don’t boil more water than you need in the kettle. I even measured out cups/mugs and marked the amounts on the side of the kettle. This way I’m only boiling enough for 1 or 2 cups/mugs at a time instead of boiling twice the amount and leaving the rest to go cold again.

Think about when you’re boiling the kettle, are you up in the morning at 7am? Wouldn’t it be cheaper for you to get up 10 minutes earlier and run the kettle or the coffee maker before 7am, or use a timer or maybe the coffee maker has a built-in timer.

Running the oven on a standard sized range (30″ wide) is expensive especially if your only cooking something small purely because your paying to heat up a larger space than you need to……there’s a small convection toaster oven on the kitchen worktop in our house and is great at cooking small amounts of food. We watch what we cook and when we cook, in-fact, a lot of the time it’s cheaper for us to run the barbeque at 5pm and cook than run the full size stove.

Take advantage of the great Canadian summer and send your man into the garden and cook caveman style and get him saving money in the Budget !!

Old appliances can wallop your electricity bill due to being inefficient, if your unsure how much your appliances are using try using “Kill a Watt” usage meter, there available from most local Libraries (normal cost approx $60). The meter will tell you how much electricity you used with whatever was plugged in to it.

You’ll have to do the conversion to cost yourself, as an example here’s the washing machine on a cold load……..

  • 0.24 kw/h used according to the usage meter

now add-on the adjustment factor (found on your electricity bill) and we get

  • 0.249696 kw/h

now times that by the amount you pay per kw/h

  • 0.249696 kw/h x 6.2 cents = 1.5481152 or 1.55 cents per load

compare that to expensive rate

  • 0.249696 kw/h x 10.8 cents = 2.6967168 or 2.7 cents per load

That doesn’t sound a lot but it all adds up, remember 1.55 cents is based on 1 wash on cold and we have a gas-fired water heater running on cheap rate. If you want a warm wash at 5pm (expensive rate) and you have an electric-powered water heater you’ll be paying at least $0.54 cents (that’s almost 35 times the cost). Note that the water usage/cost hasn’t been added in which is another world of ludicrously expensive bills.

Environmentally unsound as it may seem I have a Petrol (Gas) driven lawn mower that doesn’t really use much fuel, probably fill the little tank 3-4 times over the growing season (small lawn). Imagine what it would cost me if I had an electric mower?

The days of endless cheap energy in North America are gone. The long and short of it……it’s gonna cost ya, just depends on whether you want to adapt to the way we use Smart Meters or not.

What do you do to save money with the Smart Meter?

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Is there any mystery as to why some people were not meant to own a credit card? When I talk to most people about debt they tell me that it’s the fault of the credit card they carry in tucked in their wallet. They fail to recognize that the card isn’t doing the shopping, it’s them.

It’s reality that a credit card is sometimes a necessity to book a hotel, rent a car  or use paypal and other on-line frequencies. If you don’t have one the consumer hears , you are not privy to use our services or we don’t know if we can trust you.  It’s like a gold ticket for these retailers, you mess up, they have your number.

If you credit score isn’t up to snuff you might find yourself  lagging your mates who are able to capitalize on all the perks a credit can offer.

What is a Credit Score?

According to Industry Canada a credit score is a judgement about your financial health at a specific point in time. You can check your credit score for free once per year.  You are rated on a scale of 1-9 where a 1 means you pay your bills within 30 days of the due date.  If you have a rating of  9  well you have some explaining to do.  This means you never pay your bills or you have went into consumer debt repayment proposal.  Know your score, it’s important to your financial well-being and if you don’t understand your report  you can learn all about it just by clicking here.

Credit Cards don’t have to have a bad wrap if they are used properly and paid in full at the end of the month. The best part may be the incentives involved if used properly although credit card companies simply want you to pay the minimum balance.  Then what happens? You know all those perks.. well you are now paying for them in interest charges. Not all cards are created equally so it’s up to  you to decide what’s best for you.

Oh, and make sure you read all the fine print and know what your interest rate and any “other” potential charges are. If it doesn’t make sense to you ask. The only stupid question is the one you didn’t ask.  Many people toss the fine print in the bin and then when something goes wrong they blame the credit card company…. READ!

People who use these credit cards to their advantage like us take the perks and run with them. Whether you get Air Miles, groceries, money-back, scene points or gas  it’s money back in your budget, provided you pay the bill when it comes knocking.

The hard part is figuring out what credit cards are right for you and leaving the one’s you will never use behind. Don’t be fooled or enticed to Spin the Credit Wheel by discounts and deals if you won’t use the card.

The last thing you want is more credit on your credit report that you aren’t using just to get a discount.  It’s better to leave a long-standing credit card on your report than to cancel it.  You may want to read up about how cancelling a credit card could potentially hurt your credit score.

If you think Pre-paid credit cards are the better option, think again. I received one for a Christmas Gift and what  load of hooey.  They charged me a $5.o0 activation fee on a $20.00 card. What kind of crap is that? Who buys these cards? Read the fine print or you might be spending more than you bargained for.

We have a couple credit cards which we prefer to use and I’ll tell you why

Canadian Tire MasterCard

Canadian Tire

  • I simply love this card as I’m a handy man and spend alot of money at Canadian Tire buying tools and household items.  My Canadian Tire Money has come in handy or more than one occasion and has saved money in our home maintenance and vehicle maintenance budget.
  •  I use this for everything we purchase for the home and fuel in the vehicles. I also like to take advantage of email coupons sent by Canadian Tire which offers 10x points or other deals.

PC Financial MasterCard

  •  Free Groceries, sure bring it on.  We’ve lost count how much we have received back in PC points and used towards FREE groceries. We purchase all our groceries with this card as well as get points through paying our bills online and bringing our own shopping bags.  This has been a lovely incentive credit card for us and we plan to use this as long as they offer PC points.

Here’s what some of my Facebook Fans had to say about Why they LOVE their Credit Cards?

  • Allyson Turner- It’s gotten me free movie tickets, free gas, and a great credit rating which will allow me to buy a house without needing my parents to co-sign for.  It allows me to not miss paying my phone bill, and make instant payments through paypal, as well  making purchases online where paypal is not accepted.
  • It allows me to buy my gasoline without going in to the store and having to wait in line.  I don’t live off of my credit card, but it definitely has had some pretty good uses. :)
  • Coupon Christine  I LOVE my credit card! I never ever carry a balance (especially now that I am a full-time couponer and never ever buy above my means). If I want to get something fancy like a new pair of jeans, something else must go that month.
  • I have always been a PC MasterCard girl because of the perks I get when buying and using my card. Free groceries?? Yes please! I also benefit from using my credit card at the PC Gas bars too where I get 4% cash back in the form of an in store coupon redeemable as well on FREE GROCERIES (yes please once again).
  • I have always been a smart shopper as well as I hate paying interest, that makes it just feel wrong as we already pay 13% tax .. who wants to pay another 18% on that … it would be just wrong.
  • Shelley Ann McInnes Chenier- My hubby loves our credit card because he gets Canadian Tire money on the card. We do pay it off within days of using it!

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  • Jen Peacock -I wouldn’t have a PayPal or eBay account or many other accounts for that matter without one!
  • Zayba Butt Ramoutar- I love my credit card!!! I have a Shoppers Optimum MasterCard and usually only spend on my card, which is always paid off every month. It helps me keep track of my spending and gets me extra Optimum points! I end up redeeming every few months…of course I wait for the spend your points events!
  • Michelle Dacey- My credit card has a $39 annual fee and I receive 2% cash back on all recurring bills, pharmacy purchases, gas and grocery purchases and 1% cash back on every other purchase. My payout is in November and I received $245.17 back in my chequing account. So for $39 I made $206.17 just for using my credit card. I’d be silly not to use my credit card for every purchase!!
  • Meeow Meow- I have the pc one which is my main one and get points every time I use it. I can cash points in at RCSS for gas or other rewards. Usually i don’t carry a balance. they are a good financial tool used right.
  • Jodie Munshaw -I get travel rewards. I have a short-haul flight and a good chunk already towards next winters vacation. I can also choose to put it towards an investment such as an RRSP if I want.
What Incentives do you get with your Credit Card?
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You can find Canadian Budget Binder on Facebook HERE or Twitter HERE
Come join the conversation!!!