Blog
4 min read

The G.U.I.D.E: How to navigate increasing costs of living

SF22026 MRK Q3 Comms T1 Full Blog Image 1920X632 Alt AW

We all need to be creative in budgeting our household expenses these days as the cost of living is on the rise. Everyone now has to tighten their belts a little more and start budgeting.

But how? We asked our Head of Financial Education Jason Butler for his top top tips on what people can do to protect their finances and soften the blow of rising bills.

Inside the G.U.I.D.E, you’ll find ideas on how to reduce expenses and shop smarter to help cope with the cost of living squeeze

Download the cost of living G.U.I.D.E

To help navigate rising costs and give you a roadmap, Jason’s created 'The G.U.I.D.E' which stands for:

Groceries

Food is one of the biggest household expenses, with the average family spending over £3,300 each year*, but there may be tasty savings to be had. 

Utilities

There are savings and financial support available for some essential household costs.

Insurance 

Insurance can be expensive and occasionally feels like a nice to have - but it’s not. Make sure you’re protecting your most valuable assets and getting the best deal.

Debt 

Debt repayments are a drain on your finances. Lowering repayments through lower interest charges can help you reduce outgoings and get out of debt faster. 

Energy 

Usually, you can look at changing energy providers to get a better deal. But at the moment, that’s unlikely to make a big difference. But there are schemes that can help.

Can Salary Finance help me?

If you have high cost debt and want to explore consolidating, Salary Finance may be able to help. At Salary Finance we take loan repayments straight from your salary which means: 

  • We can offer loans to more people than traditional lenders.
  • You don’t need to worry about remembering to make the payments - they happen automatically

To find out if a Salary Finance loan could help you consolidate your debt, visit: salaryfinance.com

 

Keep updated

Sign up to our newsletter

Our newsletters bring you the latest articles to help you improve your financial wellbeing.

If you want to consent to receiving our newsletter please enter your email below to subscribe. If at any point you want to withdraw your consent please email hello@salaryfinance.com. For more information about how we use your personal data see our privacy notice.