This guest post on how students can save money is by Matt.

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Money management is critical to any successful person and it is even more critical for college students. Why? Because we have no money to begin with. The little money we make or is given to us by our parents is quickly consumed by our living expenses. One of those living expenses that can go up when it gets really hot or cold is our energy bill. As energy costs continue to rise it is more and more important to think frugally. This guide will give you easy ways to save money on your energy bill.

Seal Drafts

Open Door

Most older homes have little cracks and crevices, called drafts, that let air pass between them. These drafts let air in and out of your home which drastically affect you energy consumption. The U.S. Department of Energy estimates that drafts can waste a home’s energy by 30%. The good news is that sealing these cracks and crevices is easy and affordable. Most drafts happen because doors that lead outside are not properly sealed. There are two easy ways to seal a door. One way is to place a rolled up towel at the foot of the door. If the draft is coming from the side or top of the door, you can use weather stripping that will close the gap between the door and the frame. You can pick up weather stripping from your local home improvement store for a few bucks.

Reverse Fan Rotation

Reverse Ceiling Fan Rotation

Ceiling fans are made to rotate in both directions. Each rotational direction has a purpose. By changing the direction your fan is spinning, you can help circulate either hot or cold air. If your fan is spinning counter clockwise, the fan is pulling cooler air near the floor upwards to cool the room. If your fan is spinning clockwise, the fan is pushing hotter air near the ceiling downward helping to heat the room. Don’t make your A/C system do all the work. Ceiling fans use much less power to operate and help heat or cool the room.

Clothes, Clothes, Clothes!

Neatly Pressed Clothes

This is probably the easiest and least expensive (i.e. free) way to manage your temperature in the home. If it is cold outside you can keep your heater working just enough so everything in the home doesn’t freeze. Next layer your clothing until you are at a comfortable temperature. Just the opposite when it is hot outside. Keep your A/C system working just enough so condensation doesn’t build inside your home and hang out in your bathing suit.

These are some really cheap and easy ways you can save a ton of money on your energy bills each month and keep an extra couple of buck in your pocket. Do you have tip on how you have saved money on your energy bills? Share them in the comments below.

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Featured image courtesy of Amit Burnstein via Flickr (CC BY 2.0).
Image 1 courtesy of Börkur Sigurbjörnsson via Flickr (CC BY 2.0).
Image 2 courtesy of Derek Tam via Flickr (CC BY-SA 2.0).
Image 3 courtesy of Anders Pearson via Flickr (CC BY 2.0).

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Are there any other tips on how students can save money on their energy bill? Let us know in the comments below!