April 21, 2024

Finance Income

Finance Blog

As winter approaches, so do higher energy bills, do you have enough put away for the upcoming rainy days?

It’s already June, and you can feel the winter breeze. In the winter, temperature drops as low as 5°C in Australia. Come July; you experience the coldest period of the year. The winter season brings along some comforting moments with the early snowfall of the year and thrilling outdoor sports like skiing for fun lovers. But, you can enjoy these moments during the daytime; with the setting sun, you feel less and less motivated to step out of the house, and you try your best to stay away from the snow, wet and icy grounds, and frozen pavements.

It is barely comforting to step out for dinner nights and fun activities like camping during the winter. The land is wet, and there is so much snow everywhere your eyes gaze. So, the best way you would want to spend your winter nights is to keep yourself occupied inside the house – cooking with the family or watching TV.

To keep yourself warm during winters, turn to your space heaters and electric blankets. Your heating systems work almost day and night to keep the heat in and cold out, so you have a comfortable and warm environment indoors. When your heating systems are functioning for longer hours, it will increase the energy consumption in your household. This is not the only energy consumption that grows during the winter season. You avoid cold water as much as possible in winter, so there is a natural rise in the demand for hot water throughout the winter months.

All these activities mount to increased electricity consumption which increases your energy bills. Compared to the rest of the year, energy bills are higher across Aussie households in June, July, and August. With increased electricity bills, people spend excess money in winter compared to other months of the year. Most families in Australia have a fixed monthly budget for household expenses like electricity bills, gas bills, groceries, house mortgage, and cell phone bills, among others. The increase in electricity bills increases the overall monthly budget of an Aussie family throughout the winter season, which lasts for three months.

When you are spending excess money on household expenses during the winter months, you are already behind a few hundred in your savings for the upcoming months. When the icy cold season ends, Australia experiences slight rainfall at the start of October – mostly on the country’s northern side. Will you have enough savings to cover your winter electricity bills when the rainy days arrive? Those seasonal rainy days will not bother you if you have put away enough for the next few months after winter expenses. But, if you go behind your savings, you need to consider a way to cover your monthly expenses.

If you fear facing an immediate cash crunch during the upcoming season and do not want to struggle in-between your paychecks, you can apply for short-term loans with Spondooli. You can take short-term loans up to $5000 or less based on your credit limit and paychecks. This will help you to cover your living expenses in times of cash shortage and help you with your household bills ranging from electricity bills, mortgage, and utility bills to anything in between.