Commenting on the latest Consumer Price Index inflation figures, published today, Tashema Jackson, money expert at Uswitch.com, says: “The rise in cost of everyday bills from the weekly supermarket shop to your monthly energy bill, combined with stagnant wages, means households are really starting to feel the pinch going into winter – which is traditionally the most expensive time of the year. Rising inflation will also increase the pressure on the Bank of England to raise interest rates in the coming months, which could mean higher mortgage repayments for some homeowners.
“At times like these, it is important to manage your finances carefully. It can be tough to cut out non-essential spending, especially since everyone enjoys the little luxuries in life, but saving just a few pounds each week can make a huge difference when it comes to the end of the month. You can compare prices for most of your household expenses and switching to the right deals could help you cut your essential outgoings by hundreds of pounds over the course of the year.
“There are now a number of budgeting apps from banks such as Monzo to help you keep a track of your daily and weekly spending – you may be surprised at where you can find those savings.”
Find out how you could save over £1,000 a year with Uswitch here.
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Uswitch is the UK’s top comparison website for home services switching. Launched in September 2000, we help consumers save money on their gas, electricity, broadband, mobile, TV, and financial services products and get more of what matters to them. Last year we saved consumers over £373 million on their energy bills alone.
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