How to Track How Much You’ve Spent on Electricity This Year

So we’re in the second half of the year and you’re probably starting to make more moves to achieve the goals you’ve set for yourself at the beginning of the year. If you’re like me, you’re also looking to manage your finances even better.

In this post, I’ll be showing you how you can use BuyPower to manage your budget by tracking how much you’ve spent on electricity this year.

Why Should I Track How Much I’ve Spent on Electricity?

Tracking your electricity spending is one of the best ways to understand your finances. From understanding your consumption rate to making an informed decision, here are a few reasons why you should know how much electricity you use;

1.Budgeting Gets Better
When budgeting for your electricity, sometimes you may end up spending under or way above your budget. However, knowing just how much you’ve spent over the last months will help you get an average value. You can then use this amount when making budgets and be right on track.

2. You Can Discover Insightful Patterns
Things are not always what they seem and the best way to find out is by using quality data. Here’s an example, if you purchase electricity for several meters, you can easily figure which meter you spend more on. In some cases, it’s never the meter you assume.

3. It Helps Avoid Debt
Having debt on your meter can be quite frustrating. If the debt migration was a mistake, you will have to show proof that you’ve actually been consistent with your bill payment. What better way to do that than with a record of each purchase?

In cases where you’ve been paying off the debts in installments, you’ll want to also monitor how much you’ve paid off. Tracking your electricity bill helps with avoiding unnecessary debt on your meter.

How to Track My Electricity Consumption Rate with BuyPower

At Buypower, we are dedicated to providing the most helpful features for your electricity needs. With the Buypower Meter Consumption History, you can discover just how much you’ve spent and how frequently you bought electricity each month.

Here’s how you can check that;

1. Download the BuyPower mobile app and login

2. Tap on the three dash icon top left of your screen

3. Select meter consumption history

4. View different months using the dark arrow on the top right of your screen.

If you purchase electricity for different meters every month, you can also see how much you’ve spent on each meter.

I hope this has been helpful. Teach your network how to track their electricity finances by sharing this post using any of the social share icons. Until next week!

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