Have you ever been hit with sticker shock when you open your utility bill? This winter, many Americans faced skyrocketing energy costs, with bills doubling and tripling in just a month. Meanwhile, some seniors on fixed incomes still have to make tough choices between paying their utility bill or buying other necessities like food and medication.
Spending money to save even more money is usually a lead-pipe cinch: that's an expression my generation used before there was such a thing as a "no-brainer." When it comes to investing in home improvements designed to save on utility costs, while the payoff for installing things like solar panels or new energy efficient windows may indeed be worth it in the long run, the upfront investment can be chilling.
We're taking home smaller paychecks now that higher Social Security payroll taxes are back. At the same time, gas prices are spiking and causing a ripple effect on other goods and services that rely on transportation. One oil company executive says we shouldn't be surprised if the price per gallon hits $5 in the coming weeks.
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