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Your Energy Bill - Mike Swanson (01/31/10)

With the tough economical times everyone is having, we are all trying to cut our bills in any way we possibly can. One of the best and easiest ways to help keep you on budget is to lower your energy prices. Oil stocks benefit from higher prices but you may not. This can be done in a number of ways.

CFL light bulbs fit in any standard light socket and yet they use a lot less energy. This may seem like a small thing and you probably won't really see an actual reduction in your bill but this combined with other things can make a big difference. Even just going with a lower wattage can help save energy. Here are some more tips for you.

Changing how you get to and from work or the store can also make a huge difference. Try car pooling even if it's only twice a week. If you live close enough to walk or ride a bike during nice weather then you could save a lot of money on gas alone.

Turning all of your thermostats up or down by as little as one degree can help a lot more than most people think. This includes heating and air and even your hot water heater. You wouldn't think one degree could make a difference but over a months or even years time it can be a lot bigger than you expect.

Of course the one single way to reduce your energy bill each month is by having an alternative energy source. Prices have come down a lot to make solar panels and wind turbines something that a lot more homes can afford. Using these you should see an instant reduction in your bills. If you think you are up to the job you may even try building your own.

If we all work together then we can reduce energy prices and conserve fossil fuel. One person alone cannot make a huge difference in the amount of fossil fuel used; everyone should do their part even if it is small.


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Hello. My name is Mike Swanson. I’m the best-selling author of the book Strategic Stock Trading. In a former life I used to run a hedge fund from 2003 to 2006 that generated a return of over 78% during that time frame. In fact it was ranked in the top 35 out of 5,000 hedge funds in 2005.

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