Save your money - and the environment

'Going green' is a big issue for our times. Think Money recently reported on new research that shows we'll spend an estimated £200 billion on renewable and nuclear energy sources[1].

 Switching to environmentally friendlier energy will come with a substantial price tag for consumers, with 'conservative' estimates suggesting that household bills could double within five years as a result of the move.

However, taking an eco-friendly approach to energy use doesn't have to be costly. Here are some helpful pointers on how to improve your energy efficiency, which could help you save your money - and the environment.

Be water-wise!

Water waste is particularly bad for the environment - but it can be a big drain on your finances too. There are many ways you could help to reduce your water bills:

• Turn the tap off when you brush your teeth
• Try to take short showers rather than baths
• Fix any dripping tips you have
• Make sure your dishwasher is full before you use it.

Additionally, around 25% of all the clean, drinkable water used in households ends up being flushed down the toilet[2]. Investing in a water displacement device for the cistern - such as a 'Hippo Water Saver' - could allow you to cut down on the amount of water you use. Many water companies also provide these devices free of charge, so give them a quick call to find out.[3]

Consider investing in a 'smart energy meter'

These days our homes are filled with various electronic gadgets and the latest technology: from games consoles and plasma screen TVs to computers. But many of these gadgets and appliances are also big energy consumers - even when they're not being used directly.

There are various 'smart energy' devices available on the market that can help you keep track of the amount of energy you use - and could encourage more energy-efficient habits, such as unplugging games consoles when not in use, and not leaving televisions on standby.[4]

 Not only is this much better for the environment, but it could knock a fair bit off your electricity bills every month too.

Adapt your driving habits

Reducing the use of fossil fuels - such as petrol - can have a big impact on the environment's wellbeing. Furthermore, if you're a motorist, adopting more efficient driving habits could cut your annual fuel bill by at least £300.[5]

 What's more, the rules of 'eco-driving' are generally simple and easy to follow: stay in the right gear, try to avoid small journeys, stay below 65 mph on motorways/duel carriageways, and only accelerate as hard as necessary.

By combining these good habits with regular tyre pressure checks, removing any roof racks and using the air conditioning less, you could save a fair bit on petrol costs - on top of saving the environment from added pollution.