Our friends at LearnVest offer sound financial tips and advice for every aspect of life. Here’s the latest on saving money this summer.

Adjusting theromstat
Some summertime savings could be headed your way as new energy projections show a decrease in electric bills this summer, The Wall Street Journal reports.

According to the U.S. Energy Information Administration, the average household will pay $395 for electricity in June, July and August, a solid 2.5-percent decrease from last summer. Assuming these projections hold true, this will be the third summer in a row with lower electrical spending.

But unlike the last two summers, this drop in bills has nothing to do with lower electricity rates. Lower temperatures are the reason Americans use less air conditioning and pocket some extra cash. After three blistering summers, government forecasters are saying that this summer’s temperatures will align more with the average levels.

Since air conditioning is the main culprit for larger electricity bills in the summer, households can turn off their AC units and find other ways to cool off homes, causing the average usage to fall by a projected 4.6 percent.

Take advantage of the lower temperatures and bills! Enjoy the outdoors by gardening or grilling, or just relaxing with a good book.

More from LearnVest:

This post originally appeared on on June 26 and was written by Kelsey McGillis. It is republished here with permission from LearnVest.

Note: The views and opinions expressed in this article are those of the author and do not necessarily reflect the opinion or position of Zillow.

About the Author

LearnVest is here to empower you to take control of your personal finances so that you can live your richest life. We have the information, tools and financial experts you need to have a healthy financial life now and an even brighter future.

You also might like...

curb appeal

4 DIY Tips for Boosting Curb Appeal


Switching Subway Tile to a More Creative Track


Styling Bar Carts: 4 Irresistible Looks

Source: Kerrie Kelly Design Lab

Mid-Century Modern Makeover

Subscribe for Zillow Blog updates

We will not rent, share or spam your account, ever. Please read and review our privacy policy.

You can also stay updated by following us below

instagram googleplus pinterest