Despite the cost of household bills continuing to rise across the UK, cutting costs is easier than you think. And the average household can save hundreds of pounds each year by following these tips:
There are so many suppliers out there which makes it easier to cut your monthly phone and broadband bills.
Start by following these tips:
Knowing exactly where your money is being spent, and how much you’ve got coming in is crucial when it comes to budgeting. Use online budget calculators like Natwest which can be found here, or phone apps such as Fudget which can be found here.
The average yearly water bill is close to £400, according to Water UK and whilst you can’t switch water supplier, there are ways to save money on these bills.
Energy prices are currently at an all-time high with many people looking to find a cheaper deal, however, it’s likely your supplier’s standard default tariff rate set at the energy price cap by regulator OFGEM will be the cheapest rate available.??
If you’re currently on a fixed-rate tariff, you’ll be moved to your provider’s standard variable tariff when the fixed term ends. At the moment there are no new fixed-rate energy tariffs cheaper than the energy price cap.??
Although switching energy companies is unlikely to save you any money, there are a number of schemes you can apply to that could help you cut bills.
The Warm Home Discount scheme offers low-income households a £150 discount to help with energy bills. The scheme opens for applications between October and March each year, you’ll need to apply directly to your energy supplier - learn more here.
In February 2022 the government announced extra help towards rising bills, including a £150 Council Tax rebate for eligible households and £200 towards energy bills in England, Scotland and Wales.
Checking you are paying the correct Council Tax band takes 10 mintues and could save you hundreds. Check here for more information.
Whether you drive, or use public transport, travel costs probably make up a lot of your monthly spend.
There are ways to cut you transport costs by:
Late payment fees can wipe out savings, so it’s important to make sure you pay your bills on time.
Keep on top of your bills by:
HS Homes of Solihull is a small independent estate agent based in Shirley, Solihull. If you are interested to know what your home is worth, call us on 0121 430 4448. Alternatively, click here to book a free market appraisal.
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