The cost-of-living crisis has drastically changed the way we’re spending our money. Unfortunately, there are no magic bullets. However, there are some sensible things we can all look to do to make a difference.

Contents of this page

Practical steps

Keep track of your household expenses

The cost-of-living crisis has made it increasingly difficult to keep track of your household finances. Take control of your finances by making a household plan that includes a calendar showing when your bills are due, and when your contracts are coming to an end. Keeping on top of your payments and contracts means you won’t roll onto expensive, out-of-contract deals.

Review your subscriptions

It’s now easier than ever to sign up for subscription services. It’s great until you realise how much money they’re costing you. Make sure you understand exactly which subscriptions service you’re paying for each month, and then review whether you still want them.

Check that you’re not being overcharged

It’s difficult to keep on top of your outgoings when you’re responsible for a range of bills, and with prices changing more than ever you might find that you’re being overcharged. Set some time aside to make sure you’re not paying over the odds for your bills.

Have regular money meetings with your household

Talking about money doesn’t come easily to some, but now’s the time to get comfortable discussing your finances. Sitting down with members of your household to review your financial position can highlight any potential areas you can cut back on to save money, and may lead to more honest discussions about spending habits.

Talk to your provider

If you’re struggling to pay any of your bills, it’s worth telling your provider. They are best equipped to help you and can explain your options. Ask if they offer any grants and schemes to help you financially – if they don’t, ask them to point you in the right direction of other organisations that can help you manage your payments.

Reach out for help

If your provider isn’t able to help, or you’re looking for someone to talk to, there are a number of charities and organisations that you can call – we have compiled a list of resources as a starting point.

<aside> 🆘 See the list of specialists at Cost-of-living resources

</aside>