• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News Finance

Brits scrimping and saving to get by

Brits are scrimping and saving to get by as the cost of living soars to an all time high and the global recession continues to bite. Following research by GMB finding that up to a third of the British workforce are in precarious employment a new study has revealed we are adopting a string of money-saving tasks […]

Jack Peat by Jack Peat
2017-06-05 11:21
in Finance, News
FacebookTwitterLinkedinEmailWhatsapp

Brits are scrimping and saving to get by as the cost of living soars to an all time high and the global recession continues to bite.

Following research by GMB finding that up to a third of the British workforce are in precarious employment a new study has revealed we are adopting a string of money-saving tasks around the house to lower our bills and monthly spend.

Two thirds of people always turn the light off when leaving the room, while 54 per cent always shop around for insurance.

A further five in ten people always make sure all the windows are shut if the heating is on, and the same percentage regularly check their direct debits to ensure they are correct and current.

A quarter of those polled have installed a water meter to monitor usage, 42 per cent never leave the TV on standby and 43 per cent keep a record of all payments.

David Winter, head of online electricity company for Powershop UK, which carried out the study of 2,000 people said: “As the cost of living rises it’s encouraging that more of us are budgeting in order to keep money aside.

“More of us try to budget and are increasingly looking at ways of understanding our outgoings to save money on bills and to spend on the things we actually like.”

RelatedPosts

It won’t wash! Tory MP’s defence of Sunak funding boast falls FLAT

FOUR more regions set for hosepipe ban – will London be next?

Archie Battersbee dies in hospital, mother announces

‘Be sure to be sitting down’: Shocking forecasts show how high Energy bills cap could go

The study found seven in 10 people typically try to budget, and the average only overspends by £63.42 a month.

Two thirds of people try to save as much spare cash as they can, with the monthly average save coming in at £247.41.

When it comes to spending money, nine out of 10 people keep a good track of where their money goes, and 78 per cent manage their credit card payments wisely.

And researchers found that rather than relying on the overdraft and credit card to get by, 55 per cent are more likely to save up for larger more expensive purchases before buying.

David Winter for Powershop UK continues: “Despite the rising cost of living there are savings to be had and some savvy budgeting by Great British bargain hunters on everything from takeaways to electricity bills can make a difference to household income.”

TOP 10 MONEY SAVING TIPS:

Turn off the lights when you leave the room
Shop around for insurance
Shut the windows if the heating is on
Check direct debits to make sure they’re current and correct
Keep a record of payments
Shower instead of bath
Only boil enough water to drink
Make sure the TV isn’t left on standby
Put on a jumper instead of turning the heating on
Make shopping lists and stick to them

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Early warning signal for Parkinson’s disease uncovered

Wine of the Week: Waipapa Bay Sauvignon Blanc

The day I graduated I was diasgnosed with testicular cancer

Beer of the Week: Drygate Brewing Co. Orinoco Mocha Milk Stout

Queen’s Speech: I got 38 Bills but cost-of-living ain’t one

Duckwrth Gets Aesthetic in Video for ‘I’M DEAD’

First drug to prevent Alzheimer’s disease has been created

Transgender prisoner’s sex assaults on female prisoners before moved to male jail

Michael Jackson’s Neverland ranch on the market for £54m

Tory Party demographics revealed ahead of leadership election… and they make for pretty grim reading

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.