Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money. If you have a question or need help, you can chat to them here.
Your energy company aren’t telling you this just to annoy you. Since many bills are estimated, sending monthly readings ensures you only pay for what you use. People who take regular readings typically use less energy than those who don’t.
If you want to get clever about it, consider buying an energy monitor. These cost around £25-30 and help you understand which appliances suck up the most energy.
There are a few easy ways to cut down on your electric bill:
Here are a few easy ways to save money on your heating:
Use a comparison site to compare the different energy deals available. When looking for a new deal make sure it is cheaper for you in the long run rather than just being beneficial now. Done right you could save up to £200 a year.
Switching energy supplier can save you hundreds of pounds on your energy bills and should take around 17 days. Your gas and electricity won’t be cut off at any point and the only change will be a new supplier sending you your bills.
If you tell your energy company you’re struggling they will probably set up a payment plan that you can afford. If you’re really struggling, ask if they have a special scheme for those in need. This might involve having your bills capped regardless of the amount of energy you use (usually for those with certain medical conditions) or being given a one-off grant.
Spending some money now could save you lots on future bills:
It might even be possible to get a grant or loan cover the cost of insulating your home, speak to your energy supplier for information or have a look at this Gov.uk advice.
Money for Life work in partnership with the Money Advice Service, an independent organisation set up by government. Money AdviceService provides free, unbiased money guidance across the UK to help people make the most of their money. If you have a question or need help, you can chat to them here.