AD| The increase in the cost of living is going to have an impact on all of us. Energy and food prices are so high at the moment, and it will leave many people cold and hungry.
Even if you are able to get buy this winter, the increase in prices will still be felt. So let’s look at what we can do to combat the cost of living.
Be in control of your finances.
The first thing you should do is be in control of your finances. Do not bury your head in the sand or spend blindly.
Go through your bank statements and make sure you know what comes out of your bank and when so you can be sure that you don’t overspend.
Cancel unused subscriptions.
We’ve just cancelled our Netflix subscription as we haven’t watched it in weeks! If you use something loads, it’s worth it but there’s no point having Sky, Netflix, Disney+ and Amazon Prime.
You can always just alternate having each for a few months rather than having them all at once.
The same goes for any other subscriptions you have. Even the ones that are only £5 a month all add up! Make sure you know what you’re subscribed to and cancel and you don’t get value from.
Have a few cheap meals.
No, you can’t live off pasta every single day but we will often make a pasta bake with any leftover veg we have. It’s easy and does us for two meals, it reduces our food waste and it is cheap!
Other cheap meals we have are baked potatoes and couscous with a random assortment of things we have in. We also have cottage pie and spaghetti bolognese which makes enough for two days so works out cost-effective.
Eat in-season fruit and veg
Fruit and vegetables that are in season cost less and they taste much better! I know people say that fresh fruit and vegetables are expensive, but I don’t agree. I think you just need to buy them in season that is on offer and plan your meals around what you buy so things don’t go to waste.
Have a backup plan
Have a backup plan for the worst-case scenario. If you are unable to get some savings under your belt, check out some quick loans you can access in case you need money for something important, like a new boiler or washing machine! Always compare the interest on multiple types of credit to get the best deal.
Sell sell sell!
Any unwanted clothes, books, toys, or unused gifts – sell them! Get them on Facebook Marketplace or advertise them on a community page for a quick local sale.
Hopefully, these tips can save you a few quid! What are your top money saving tips?