The Barefoot Investor, also known as Scott Pape, doesn’t normally do “money-saving” tips.
Why not just hang your clothes outside more and avoid the dryer? Easy $384 saved a year.
But, looking at the stats around energy prices in Australia, it makes you think twice.
As the Australian Financial Review reported, Australians are paying the highest electricity prices around the world. Compared to American families, we are paying two to three times more on our power bills.
Mamamia’s Monique Bowley bought a house while earning just $42K a year, by following Barefoot’s advice. (Post continues after audio.)
What concerned Pape the most was information from the Energy Markets Commission that explained if we individuals switched power providers, there might be significant savings. For Queenslanders, they could save up to $900 a year and almost $1,500 for those in New South Wales and South Australia.
That’s what got him thinking.
If he could just look more closely at service providers, maybe he could save a few dollars here and there.