Email Offers Tips to Brooklyn Renters on Saving $369 in Monthly Expenses

NEW YORK CITY — Brooklyn residents would likely save more than $368 in monthly expenses by considering some tips for renters from
The beginning of a new year is the perfect time to resolve to save money. With just a few basic lifestyle changes, Brooklyn renters can save up to $4,416 per year. 
By making eight simple changes in your home, renters — in the most expensive city in the world (yes, New York is number one in’s Top Ten) — can save up to $368 per month. 
The following are the eight easy money-saving techniques that can help you stay on budget in 2012. 
• Ditch cable (average savings per month, $92) — Renters pay an average $100 per month for cable television and maybe more for DVR service to watch their favorite programs later. Why not consider a service like Hulu Plus or Netflix? It’s simple to connect your computer to your television and watch TV when it’s convenient for you.
• Space-by-Space Heat (average monthly savings, $17) — Energy bills run, on average, $183 per month. By using a space heater in the rooms where you need it and setting the thermostat to 62 degrees, you can save approximately $200 each year.

• Cut the Phone Cord (average monthly savings, $35) — With all of the functionality of smart phones, a landline may be unnecessary. 

• Illuminate Your Savings (average monthly savings, $3) — While not a large savings monthly, replacing light bulbs with an Energy Star-qualified light bulb can save $6 per year, and nearly $40 over its lifetime. And it will last six times longer. For example, if you have six lamps in your apartment, you can save $3 per month. It may not seem like a lot, but the savings will add up over time.
• Skip the Hot Water (average monthly savings, $6) — By doing your laundry in cold water rather than hot, you reduce energy usage by 90 percent and can save $72 per year. Plus, your clothes will be just as clean.
• Work Out in Comfort (average monthly savings, $65 — Skip the gym membership and save up to $775 per year. Consider running and or exercises that can be done with little or no equipment in the comfort of your own home.
• Use Your Kitchen (average monthly savings, $144) — You are paying rent for your kitchen whether you use it or not. The average American eats out six times per month; New Yorkers probably more than that. Eat out just once a month and cook at home instead.
• Pull the Plug (average monthly savings, $6) — By unplugging appliances and electronics when you are not using them, you can save a bundle on energy. Unplugging one fax machine, one computer monitor, and one television can save $70 per year. Just turning it off is not enough.
January 18, 2012 - 11:20am



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