Reducing energy bills by ten per cent has been recommended as one of the ways to cut outgoings.
Richard Fenton of Surviving The Credit Crunch, has advised Britons on a series of ways to reduce their total outgoings, including their energy bills.
Writing in the Manchester Evening News, Mr Fenton says that people tired of the doom and gloom of the credit crunch could follow his advice to save £500 a year.
His third recommendation has to do with cutting energy bills.
He wrote: "By turning your thermostat down one degree you can save ten per cent of your energy bill; that could be as much as £200 a year. Take things like your DVD player, PC and TV off standby and you will save another £150 a year.
"It's good for the planet and great for your pocket saving you at least £350 a year."
As the world leaders are urging countries to tackle the financial downturn and climate change at the same time, so too households that reduce their energy consumption will be cutting their costs while reducing their carbon emissions.
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