I put in 5, 4" recessed can lights in my kitchen about 4-5 years ago for task lighting. The only way to get good light on those was to go with 50 watt halogen bulbs. Last year, I went on Amazon and picked up a 5 or 6 pack of bulbs for around $30...PAR20 bulbs. I waited until I had a few bulbs blow before I made the switch. 5X50 = 250 watts. Even if each bulb was 10 watts, the savings is pretty amazing. I've replaced all of the 4-5 bulb bathroom fixtures I have with LEDs too.
I don't care for CFLs. They're cheaper, but their lifespan is greatly overstated. The manufacturers are putting cheap power converters in them and they typically are dying prematurely. Rather than lasting 5+ years, they're only lasting 1-2 before the circuitry fails. I've had some die in a few months. Most are manufactured by a few major companies in China, sold in bulk, and rebranded, so you can't trust any markings on them. LEDs will likely follow suit unless you buy from GE or Sylvania or another company you can follow up with on quality that may have their own manufacturing.
My electric bill started in the $200-350 range when I first bought my current home in 2009. Since then, I've just about doubled the square footage to near 3500 sq ft, updated my heating/cooling system, switched to natural gas heat....a natural gas tankless water heater, and CFL/LEDs. My electric bill in December was $105.....it was $96 this past month. I have 2 kids and we've got multiple TVs, etc...lights are always on in the house. Energy savings can be crazy just by making a few changes. I'm going to be taking a hit when I install a second heating/cooling unit, but plan on going solar in another 5 years with a heat exchanger and radiant heat as a side project....so maybe some of that will offset in the winter if I can find a cheap way to build it without having to buy a lot of stuff. (plan is to recycle parts and build everything from junk except for the evacuated tubes)