The best 6 tips for saving money on household bills
Household costs are continuing to rise across the UK and sometimes increases can happen without you knowing. With lots of us spending most of our income on rent, mortgages and other house costs understanding how to save money on household bills is a good starting point and it’s easier than you think.
1. Reducing your home phone and broadband costs
Remember, you are the boss. They want your custom more than you need them as a supplier, the key here is asking what they can do for you. A better price? A better deal? A freebie? If you don’t ask, you don’t get. Back your request up with a little research and use a price comparison website to see what prices you could be getting before going back to your current supplier to see if they can beat it.
You pay water bills in two ways, through a fixed-rate payment or by using a water meter which means you pay for the water you actually use. Changing your water meter is a great way to save money on household bills. You have the right to have a free water meter installed and to be charged based on the amount of water you use, so if you don’t already have one it might be a good idea to swap, especially if you use a lot of water.
Although you can’t switch water suppliers did you know changing to a more efficient showerhead can save you money on your monthly bill?
3. Find cheaper gas and electric
There are lots of energy suppliers so as is a must with most household bills, spending a bit of time to explore what energy supplier can offer you the best deals. The big incumbent suppliers can be very expensive, but there are smaller more environmentally friendly companies popping up that can provide much cheaper energy. Bulb offers affordable, renewable energy and claims their prices are 18% cheaper than standard big six deals, you can’t argue with that.
4. Find out if you’re paying too much council tax
Did you know up to 400,000 homes are in the wrong council tax band? This might be you so spending 10 minutes to make sure you’re not being overcharged could end up saving you hundreds of pounds.
5. Slash supermarket costs
Supermarkets are built to make us spend our money. Going in there with the right mindset of On my budget of £X, what can I get whilst sticking to a list or a plan and avoiding the temptation of never-ending supermarket “deals” will help you cut your spending.
One tip for supermarket shopping is to never believe the brand hypnosis. Supermarkets use clever language and branding to distinguish products as ‘luxury’ or ‘basic’ but sometimes when you look past that, you won’t be able to tell the difference. The downshift challenge, coined by Martin Lewis, can help boost your supermarket savings. All you need to do is swap one of everything to something one brand lower if you buy branded tinned tuna, for example, switch it for Tesco’s. The Money Saving Expert website says that dropping a brand level on everything you buy can cut the bill by up to 30%.
6. Get food-shop savvy
Supermarket shops will always be a staple in everyday life. But there are ways to get savvy with your shopping, whilst also saving the planet. Startups like Olio, Too Good To Go and Karma are changing the way we buy food. They team up with shops, restaurants and even supermarkets to take on the surplus food they are no longer using for you to buy at half the price. At Too Good to Go for example you can get huge grocery bags full of fruit and vegetables and other surprises for just a couple of pounds. Not all of these apps run nationwide, yet, but keep an eye out for their inevitable world domination and bag yourself a bargain.
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