Now that we have started to calculate our outgoings, how do we start learning to live on a budget?
In this week’s Mr Lender’s Guide to Budget Living, we’re looking at household bills and how you can achieve optimal savings across most of them.
This week: Household bills.
Obviously, those items such as rent or council tax will be fixed each month, but it’s wise to start breaking down those other areas which can offer a potential discount simply by switching accounts. The main areas in ours are:
- Utility Bills
- Insurance Providers
- TV and Broadband
All three of these categories have the availability to help you save.
Internet research can be very time consuming, and these days most of us don’t have a lot of time to spare. Aggregate and comparison websites will do your homework and research for you and bring you the best possible deals on the market. (More often than not, using one of these websites will mean you are privy to exclusive offers, not found when you go direct to a vendor).
One aggregate website claims a saving of up to £240 on utility bills, and considering the recent rise in pries from certain outlets, we believe a serious rethink might be the smartest way forward.
Once you have all your savings and switches in place, you will probably start noticing a sizeable difference within the first few months.