First off, I’d like to announce the winner of the Marjorie’s Cracked Plate Jewelry Giveaway – Somer Houston (I’ll be emailing you soon for your contact info)!  Congrats!  A big thanks goes out to all of you who entered.  Now onto our Fact or Myth of this week.

As you know, each week, I’ll focus on some common beliefs about saving/spending money and we’ll find out if they are fact or myth.  I’ve found that there are a lot of common misconceptions about saving money.  Nothing that will drain your wallet faster than falling into a trap.  So,  I’d like to clear up some of these myths and get to the truth behind them.  Do have your own fact or myth questions?  Feel free to email me (or post them in the comments) and I’ll feature them in a later volume and fill you in on whether they are fact or myth.  Here we go with this week’s questions:

Question #1:  Your air-conditioner will use less energy if they’re left on all day, rather than turning it off when you leave and on when you get back home, because it has to work so much harder to get the temp back down – MYTH!  You will save serious cash on your electric if you turn your AC off when you leave your house and turn it back on when you get home.  The common belief is that the AC has to work so much harder to get the temp back down, but the truth is that it will expend far more energy keeping the house cool all day.  Air-conditioner actually work better when they’re running at full speed, rather than running for shorter throughout the day to maintain a constant temperature all day.

Question #2: Turning off appliances and electronics when you’re done with them reduces energy usage – MYTH!  While turning off appliances does reduce energy, the best way to reduce your electric bill is by unpluggingthese items once you’re done with them.  Even when appliances are turned off, they are still wasting electricity, costing you money!  The U.S. Department of Energy states that you can save 5% to 10% of your electric bill simply by unplugging appliances such as computers, televisions, dvd players, cable boxes, coffeemakers and toasters.

Question #3: The best day to shop at the grocery store is Wednesday – TRUTH!  I didn’t believe this one myself, but have heard it repeated again and again.  So why is Wednesday the best day to shop?  Well, apparently, stores reduce prices on items that are expiring soon, so it’s a great time to check out the reduce produce or bakery carts.  Also, many stores start their new sales on Wednesday, yet still honor the previous week’s sales.  Sounds good to me!

So what about you, do you shop on Wednesday?  Do you unplug common appliances to save money?  Let me know and stay tuned for next week’s Fact or Myth!

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6 Responses to Fact or Myth Vol. 3

  1. I totally agree with these! We save a ton of money by unplugging appliances and adjusting the temperature when we are not home. My husband says I am a thermostat nazi!

  2. Rebecca says:

    Oh I am totally a thermostat nazi in my house! That’s an awesome name for it, I’ll have to tell my husband :)

  3. Marjorie says:

    I’ve always turned off the air conditioning when I went to work so I’m really glad to see that it was the right thing to do. It just made sense to me. I had no idea unplugging appliances and electronic devices saved money. Thanks for the great tips!

  4. [...] never heard to unplug appliances when they’re not in use until doing a little research for this post.  Turns out, there’s a little charge of electricity whenever an appliance is plugged in.  [...]

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