Money Essentials

How to cut your costs

Before we get started, please tell us how you feel about your finances?

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This week let’s see if you can save money on your household bills. Now that you’ve made a budget and have a better understanding of where your money is going, it’s time to make sure you’re getting the best deals.

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Tick the steps and log your mood to move on to the next week.

  • To get started it’s a good idea to check your EPC certificate and see if there are any cost-effective, easy ways to make your home more energy efficient. You can do that here.

  • We’re picking up the pace now. Have a read of our guide on how to Save money on gas and bills.  There are lots of grants available to help with things like improving your insulation, upgrading your boiler and appliances and installing solar panels or other renewable technologies.

  • Keep it up! Set a regular reminder on your phone or diary to check you’re on the right tariff for you. You could also check if your supplier or council has any schemes to help you reduce your bill. They might offer products that help to reduce your usage.

  • How do you feel about your finances now?

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Done
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Tick the steps and log your mood to move on to the next week.

  • Let’s warm up and review your contracts to see if are any up for renewal.

  • Time to cut those household bills. There are some useful ideas in these guides How to save money on your home phone and broadband and How to save money on your mobile phone. Have a read and make the switch.

  • All done? Work out how much you’re saving yourself in a year and celebrate. You could use that money to pay off credit cards or put it into savings – both of which you’ll learn about in the coming weeks.

  • How do you feel about your finances now?

    • Great
      Great
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      Good
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      Meh
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      Bad
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      Awful
Done
Close Close

Tick the steps and log your mood to move on to the next week.

  • You can often make big savings by using price comparison sites or by contacting your existing insurer directly, but check the level of cover meets your needs. Remember that the cheapest cover isn’t necessarily going to be the best one for you. Read our guide on Car insurance and let’s work out how much you are currently paying and if you can get a better like-for-like deal (if your contract allows).

  • Next up, check if you can improve on your home insurance (if your contract allows). Read our guide How to get the best deal on your home insurance.

  • Great! You’ve now got the best deals for you. Make the most of the savings you’ve made by setting a reminder a few weeks before your next renewal date. It’s always worth shopping around to see if you can get find a better deal.

  • How do you feel about your finances now?

    • Great
      Great
    • Good
      Good
    • Meh
      Meh
    • Bad
      Bad
    • Awful
      Awful
Done

Complete all the steps this week to move on to the next week.

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