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5 top tips for saving money on household bills

With the new year in full swing, there is no better time to take a look at household spends to understand best how you can make some positive changes for the year ahead. In the UK, the average household bills total to £144.30 a month. With some simple tips in this blog, we share how you can save on household bills.

Switching energy supplier

A great place to start to save money on your household bills is by changing energy supplier. If you are not sure how to find the best deals, you can use a variety of comparison sites such as Comparethemarket, uSwitch and GoCompare. Some of these even have rewards you can get such as discounts on meals out and buy one get one free movie tickets, so you can benefit from a better energy supplier and a trip to the cinema!

It is important also that you ensure that your meter readings are accurate, rather than estimations. If your energy supplier has overestimated your energy use, you could be entitled to a rebate. You should also look into a smart meter to help keep track of your energy consumption. You can contact your supplier for more information on installation.

Water meters

 

Following on from the previous tip, water meters could be a great way to save on your water bills. Instead of being charged for the size of your home, you will instead be charged for what you use. However, if you are unsure about whether a water meter will help you save money, simply use the water calculator by The Consumer Council for Water. If you live in a rental property, you will need to ask your landlords permission if you have a fixed-term tenancy agreement of fewer than six months. If your fixed-term tenancy agreement is longer than six months, you don’t need your landlord’s permission to have a meter, but your tenancy agreement may mean you have to ask their permission for alterations to the property.

Combi boilers

Otherwise known as combination boilers, these boilers work by having both a high-efficiency water heater and a central heating boiler in a compact, single unit. They also work to save roof space, by not requiring a hot water storage cylinder or a cold-water storage, but instead come straight from the mains when you turn on a tap.

These boilers are both cost-effective and energy-efficient as the water is heating instantly compared to being heated and then stored in a cylinder. Their compact size benefits for smaller properties as they do not require much space.

 

Broadband savings

With the latest superfast broadband being rolled out through Milton Keynes, it is important to check that you have the best broadband for your area. To find the best broadband for you, simply enter your postcode on switchly. You can also take a look into saving even more with getting broadband without paying for line rental. A major provider for this at the moment is Virgin Media, but there are other options you can take a look at on GoCompare.

Saving on the food shop

The average household spends £3,151 a year on food for at home. As essential as food is, there are certainly ways you can save. Small actions can make a huge difference, such as picking up food in the reduced isles and purchasing own-brand ranges. Furthermore, you can sign up to be a member with supermarkets, such as the Tesco Clubcard, Morrisons more and myWaitrose means every time you shop you earn points which become discounts and coupons that you can use in-store.

You would also benefit from saving on food waste by doing simple things like storing food correctly so they last longer, saving leftovers and reusing as much food as you can in meals. For ideas on recipes, check out lovefoodhatewaste.