Money Tip: Savings Idea to Try This Month


Oprah featured the "thriftiest family in America" on Wednesday's episode, so I stopped by her website to check out a recap. What I found was nothing really new, just an overall message to cut spending by tracking expenses and finding deals. However, I did find a money saving hint from a woman named Rhondalyn that could be an interesting experiment to save money and energy. Here's what she accomplished.

To save on her electric bill, Rhondalyn unplugs everything in her home when it's not in use. Appliances, TV sets and lamps that are plugged in pull in energy even if they are turned off, and Rhondalyn says the small change has added up. In May 2008, her energy bill was $268. After she started unplugging, her bill went down to $91. And when Rhondalyn got really vigilant—even turning off the air conditioning—her energy bill was only $60.42. That's over $200 in savings!

Have you ever tried this saving idea?

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