How to slash $5k from your electricity bills

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You can start saving money now by making small adjustments around your home and small investments in a greener future

1. Switch off at the power point

Every room in your home offers no-fuss ways to reduce your electricity bill. A great way to start is simply to turn things off. TVs, DVDs, set-top boxes, games consoles, stereos and computers are the obvious culprits but even the humble kettle will continue to use electricity if it is not switched off at the power point. A microwave oven can use more power running its clock than cooking food.

Smart power boards are available that can switch off up to five appliances with one button. Some even come with an energy calculator that tells you how much energy and money you’ve spent just on those few appliances that are plugged in.

Savings: $125 each year

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Do you have more than $120k in your super fund? You could use your super to buy property - Find out how

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