Price hikes are hitting fast – and increased bills are squeezing wallets hard. Here are a few small changes to help lighten the load, from saving on your food shop to checking your subscriptions
We are facing one of the biggest price spikes in years, with water rates up by 6%, energy bills rising by £111, and council tax climbing for most households. Adding in broadband, mobile bills, and even stealth taxes, and many people are left stressed out, wondering how they’re supposed to cope.
With wages staying the same and costs going up, it feels harder than ever to stay on top of bills. But while we can’t stop prices rising, there are steps you can take to lighten the burden. By making small effective tweaks you can stretch every pound that little bit further, without making drastic lifestyle changes. Here’s a few tips how…
Reduce energy consumption
Start by comparing energy providers and regularly check for better deals, making the switch if a provider offers lower rates. But make sure you factor in any hidden fees before making a decision.
You could also consider switching to a fixed tariff. Locking in a rate may be the best option to protect yourself against further price increases, but keep in mind the same applies as above – always read the fine print to avoid unexpected costs.
Unplug your devices. Leaving the plugs in when appliances are not in use keeps them on standby, silently adding to your bill. Make it a habit to unplug devices and switch them off at the socket when in use.
Check if you qualify for a social tariff. A social tariff is a discounted broadband plan, and households may be eligible on certain benefits such as Universal Credit. If you are eligible you could benefit from lower monthly costs, reduced or free set-up fees, and protection from mid-contract price rises and early exit fees.
Food Banks
Many people would assume they don’t qualify for food bank support, but the reality is anyone can use them, whether you’re on a low income or employed but struggling to make ends meet. There is no shame in seeking help when necessary, it’s there for people to use.
Saving money on shopping
Be prepared to shop around, and don’t just stick to one supermarket. If possible, compare prices regularly and shop where it’s most beneficial.
Also consider signing up to loyalty cards, which can offer significant lower prices, at times even a whopping 50% off.
And you can try to buy in bulk, if your budget allows, purchasing staples en masse can save money in the long run.
Check and claim any discounts and benefits you’re entitled to
In 2024, a staggering £23 billion in benefits went unclaimed simply because people didn’t realise they were eligible. Check what support is available – you may be entitled to more than you think.
Recheck subscriptions
Ever signed up for a three-months free subscription with the intention to cancel, only to realise some time later that it’s been quietly charging you? This happens more than you can imagine. Check your bank statements regularly and cancel any subscriptions you don’t use.
Turn your unwanted items into cash
If you have clothes, household items, or even gadgets sitting unused, consider selling them. Sites like Facebook Marketplace, Depop, and Vinted make it easy to turn your unwanted items into extra cash.
With the new price spikes hitting everything from council tax to energy rates, these few steps may just help to lighten the load.