Energy costs can comprise a significant portion of household expenses, whether you're enjoying the single life, starting out as a newlywed, raising a family or settling into retirement.
That's why it makes sense to budget for your energy usage– and to manage your overall budget wisely.
Here are some ideas to help you do both.
- Set your financial goals.
- Know your income.
- Estimate your monthly fixed expenses and your regular flexible expenses. For 30 days, compile a list of your spending. Then total it by categories like housing, groceries, lunches, car expenses and entertainment. Most likely you will be surprised at how quickly small expenditures add up.
- Estimate your occasional spending.
- Compare your income and spending, and then make adjustments to ensure your income exceeds your spending. If it doesn't, study where your money is going. Where can you cut back? What can you do differently that will have the biggest pay off? Consider:
- Increasing your income with a new or second job.
- Reducing your expenses by changing the way you live.
This information was obtained by PSNC Energy from various third party sources. These sources, and the information obtained from them, will be provided to you on request to PSNC Energy. PSNC believes the information to be accurate and complete, but has not verified or confirmed the information. Before relying on this information, you should independently verify its accuracy and completeness.