A Home Improvement That Pays for Itself -- Savings Experiment

Filed under: Savings Experiment, Home & Garden, Did You Know

Did you know your water heater may be draining your savings dry? Here's why.

A poorly insulated water heater can cost you up to 10 percent more on your energy bill, which for some could be up to $10 a month. However, if you invest in a water heater blanket, you can keep the heat, and your savings, from escaping.

To test if you would benefit from a water heater blanket, simply put your hand on the heater. If it's warm to the touch, it's time to insulate.

A water heater blanket can cost as little as $20 and, depending on your bill, it could start paying for itself in just two months. So remember, using a water heater blanket can keep the heat up while bringing your costs down.

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