It is a strange time for many people not just here in the UK, but around the world. The COVID-19 pandemic is something that has touched every person in one way or another, and unfortunately for many people it has come in the form of job loss.
Even if you haven’t lost your job completely, you may be working reduced hours from home, which will have an impact on your family finances. There are some economists who are predicting that unemployment will be worse than during the Great Depression, which is a scary thought, especially when just a couple of months ago everything seemed fine.
If you’re currently dealing with a limited budget and are feeling very uncertain about your financial future, there are some ways you can go about cutting household costs. While each reduction may not seem like much, it all adds up and helps in the end.
START GETTING CREATIVE WITH MEAL PREPARATION
Since people are currently in lockdown, there’s no need to cut out dining expenses. With that said, there are ways you can get creative with meal preparation, meal planning and save money. One-pot meals are those that tend to be the most filling and offer the most servings in one dish. Things such as stews, soups, and chili can be very cost-effective, as well as quick and easy to make.
This is also a great time to get creative with leftovers, making sure nothing goes to waste.
BRING DOWN THE COST OF YOUR GAS & ELECTRIC
Your gas and electric bill can be a rather substantial monthly expense that you are dealing with and while you can’t just go without, there are ways you can lower what you pay.
Quotezone allows homeowners to compare gas and electric quotes from top UK providers so you can find the best deal out there. As you compare gas and electric quotes from the site, you may discover that you are paying way more than you need to. The tool is easy and quick to use and can be a huge help.
SPEAK TO YOUR MOBILE PROVIDER
Your mobile plan can also be a rather large expense each month, so this is the perfect time to speak to your provider and see if they can offer a better deal or a discount. If they can’t, then it may be time to start shopping around for a new provider. Just be sure you do all your shopping and research online or over the phone.
DO YOU HAVE MORE THAN ONE STREAMING SERVICE?
Streaming services have never been more popular, as everyone is stuck at home and tuning in to stay entertained. And while that’s certainly important, it probably isn’t necessary to have more than one service. These services may not seem like much individually but combined they can be a rather sizeable expense.
EVERY BIT OF SAVINGS COUNTS
In these stressful times, it’s important to remember that every bit of savings counts. Unfortunately, no-one can predict just how long this pandemic will last, and how long it will take the economy to recover. Having your own plan is always the best idea.