Saving money on your gas and electric bills is simple. Pay attention to what you are doing. Follow every way possible to lower your consumption. Spend the time, and money, to upgrade older devices and appliances. Compare your monthly bill against the averages throughout your region. Canstar Blue has found that the average cost of gas is an average of $273 annually, while electricity is $736 per year. If you are under these amounts, you can consider it a win because you are better off than most of your neighbors and friends.