Now that fall’s in full swing, and the coldest months of the year are right around the corner, it’s time to talk about what expenses may be in store for you during the fall and winter. To keep seasonal expenses from sneaking up on you, we’ve put together a few tips.
Heating and Electric Bills
As the air gets colder, most renters crank up the heat to stay warm, causing utility bills to skyrocket. Try these tips to keep your apartment utility cost down:
- Winter-proof your apartment. Make sure all your windows are closed, and cover any “leaks” with tape or a small sheet of plastic.
- Place a draft stopper under the door to stop cold air from coming in.
- Make sure there’s nothing in front of or around your radiators so you can get maximum heat from them.
- Layer up, and you may be able to turn your heat down a bit.
- Get plenty of rugs - they act as an insulator and keep your apartment warmer.
Transportation Costs
During the warmer months, many choose to walk to work or wait for the bus. As it gets colder, more may choose to take a cab or drive to work, which can be more than twice as expensive. More often than not, this isn’t factored into a monthly budget. To avoid this expense, check the bus schedules online or invest in quality winter gear that will keep you snug all the way to the office, for less.
Entertainment Costs
Not only is it the season of gifting, but it’s also the season for throwing and attending parties and countless other social events. Many also go to visit their families during this time, racking up bills for plane tickets. This can quickly blow the lid off your pre-determined budget. Plan ahead for the holiday by putting aside a part of your paycheck for a “holiday expense” account. If you are traveling, check for the best deals on sites like Airfare Watchdog. Save everyday by making your meals at home instead of going out to eat, and you’ll have more money to spend on your social life.
The best way to stay on track with extra expenses is to plan out a budget. Make a realistic list of all the costs that you anticipate during the coming months, and stick with it. Personal finance apps from Mint.com and Spendings are free and can help you keep track of your spending with ease. This will also help you determine which expenses are unnecessary and cut them out, freeing up more cash.
Don’t let yourself get caught off guard with fall’s expenses. Factor in any changes in budget that will occur, or use these tips to keep the costs down while keeping warm.
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