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Inflation beating tips
Inflation has hit a three-year high of 5.2%, and consumers feel this is having a direct impact on their finances.
With wage freezes, high unemployment, rising household bills and the run up to Christmas, this news could hardly come at a worst time.
The late August price hikes by energy suppliers have driven up the rate of inflation even further. Millions of UK households are now feeling the pinch more than ever.
The late August price hikes by energy suppliers have driven up the rate of inflation even further. Millions of UK households are now feeling the pinch more than ever.
Here are some inflation-busting tips to help you save money and stop plug the piggy bank leak;
Switch financial products
The cost of everyday expenses is not getting any cheaper and, with prices rising across the board, now may be a good time to think about switching.
The UK’s leading energy suppliers have all raised their prices by an average of 20%, adding an extra £200 to the average standard tariff. Considering this, it could be worth shopping around for the best deal.
Our Money Saving Team on average save our customers £150 on their gas and electricity bills. Call us to see how much we can save you today!
Call 0844 826 2537
From a mobile it may be cheaper to call 01257 486961
From a mobile it may be cheaper to call 01257 486961
The cost of motoring has also increased dramatically over the last year and with only a year to go until the gender ban comes into place, now would be an ideal time to find the best deal.
There are also a number of competitive savings accounts out there trying to keep pace with the soaring cost of living. One of the few beneficial things about an increased inflation rate is that some savings accounts and bonds are linked with the rate inflation.
Shop smart
Whilst shopping around for the best deal on your financial products is one thing, it’s really up to you to watch your everyday spending and shop around for the best deals in general. Three of the UK’s major supermarkets, Tesco, Asda and Sainsbury’s, are currently engaged in a price war to win over consumers.
Tesco recently launched a ‘Big Price Drop’, promising to cut 3,000 prices throughout the stores. Meanwhile, supermarket rivals Morrisons have launched a cash giveaway promotion, offering £100 to three randomly selected customers every day until 30th October.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2011-10-25 11:49:16 © Moneyextra.com