Groundhog Day's infamous Punxsutawney Phil will peer from his hole tomorrow morning as Americans anxiously wonder whether he will see his shadow; if so, the superstition dictates the country will experience an extra six weeks of winter. Personal finance site www.GoBankingRates.com investigates exactly how much a prolonged winter will cost consumers and provides tips for cutting energy expenses this season.
EL SEGUNDO, CA (February 1, 2013) – With the arrival of Groundhog Day 2013 tomorrow, Americans in colder regions of the U.S. are stopping to consider what the cost of an addition six weeks of winter will be if Punxsutawney Phil sees his shadow. Go Banking Rates spoke to professionals in the energy industry to research tips on how to save money on energy and heating bills should Punxsutawney Phil see his shadow and declare a long winter.
Go Banking Rates’ savings expert, Jennifer Calonia, says, “The savings tips gathered in this report are especially crucial for those living in extreme weather climates, but can also be used year-round to maximize savings and minimize energy waste.”
According to the report, an additional six weeks of winter would extend the season by a full 50 percent, which means Americans could see a considerable rise in their heating and energy bills after Groundhog Day.
While the cost is exorbitant, there are practical and simple ways to reduce the financial impact of a long winter season.
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About Go Banking Rates
GoBankingRates.com is a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools. Go Banking Rates collects interest rate information from more than 4,000 U.S. banks and credit unions, making it the only online rates aggregator with the ability to provide the most comprehensive and authentic local interest rate information.
Additionally, Go Banking Rates partners with a number of major media outlets such as Business Insider and US News & World Report to provide compelling and edifying personal finance content, and its expert editors have been featured and quoted on several premier finance websites like Yahoo! Finance, Forbes, The Street, Huffington Post and more.
For questions or to schedule an interview with a Go Banking Rates editor, please contact Jaime Catmull, Director of Public Relations, at JaimeC@GoBankingRates.com, or 310.297.9233 x261.