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You can significantly reduce your electric and water bills by addressing "phantom energy" and using smart home technology.About 20% of your electric bill goes toward something called "phantom energy," which is power being used even when your appliances are off.In a fully "smart home," the lights go on and off when you walk in and out of each room, but automation like that costs thousands. The cheap fix: buy an Alexa Echo Dot for just $49.99 on Amazon. You can control all the lights for each room on your phone. Also, grab a pack of Sylvania smart bulbs—four of them for $18.00. They use 75% less energy.Next, get a smart plug. It tells you exactly what's sucking up all your energy. You can grab six smart plugs for $41.99. And since you already have the Alexa, you can monitor and control all the outlets on your phone.A "smart leak" sensor could help lower your water bill. Place this YoLink sensor under your sinks, the water heater, the toilets, even by the pool. It'll save you big money later.