Martin Lewis and his MoneySavingExpert team have put together a list of tips to help you survive the cost of living hike. So let’s get into it.
1 . Keep warm
I know it may seem obvious but with the energy bills increasing at an eye-watering rate every little helps.
So a lot of us may be looking to keep warm without turning the heating on. MSE advise using a hot water bottle, wearing more layers, wearing socks and tucking yourself in.
2. Claim pension credit
This is a benefit that increases the income of those who are retired, thousands of people are eligible but don’t realise they can claim it.
The amount varies depending on your situation, at most you’ll be able to claim £182.60 if you’re single or £278.70 if you’re in a couple.
Pension credit is set to increase next week and claiming also opens your eligibility for free TV licences, council tax discounts for over 75s, and more.
3. Don’t throw it, fix it
Instead of spending money to replace a broken appliance do some research and see if you can repair it and save some cash.
There may be a Repair Cafe close by which are free to use but volunteers appreciate a donation of whatever you can afford.
4. Trim your broadband and mobile bill
MSE estimate there are around 16 million people who are set to renew their contracts. If this is you then make sure you do a quick comparison check to see if you can find a better deal, remember to compare against your current deal.
If you are happy to reduce your minutes, data, texts and speeds then search for what you’d be happy with to ensure you’re getting the best deal.
If you don’t want to leave your current provider then try haggling with them saying you’ve found a cheaper deal elsewhere.
5. Cheap broadband for people on benefits
If you’re looking for work, on a lower income or claiming benefits then you may be able to get a cheap social tariff broadband package.
One example would be TalkTalk which offers free broadband only (no phone line) for six months if you’re a jobseeker or claim universal credit and don’t have internet access.
6. Check you’re not being underpaid
Money Saving Experts say half a million minimum-wage employees don’t realise they’re being underpaid.
This is mainly down to them having to buy things to do their jobs or working unpaid hours.
Over 23s = £9.50 per hour
21 to 22 = £9.18 per hour
18 to 20 = £6.83 per hour
16 to 17 and apprentices = £4.81
These are just some tips that can help you get through the energy price hike, if you have any tips we’d love to hear them in the comments!