So what cost of living payment is available in 2023? The cost of living crisis has had a massive impact across the UK. So much so that everybody received has received help with their energy bills by the way of money provided by the government.
Cost of living payments available in 2023
If you are on benefits it is worth checking to see what cost of living payments you are entitled to in 2023 and 2024. Here is the link to the government’s web page about the cost of living payments.
This help is so important. The rises we have seen in food and energy prices in particular are unprecedented. Whether or not you receive a cost of living payment it is worthwhile changing your outlook to make sure you are getting the best value for your money.
Tips for dealing with the cost of living crisis
Here are a few things we’ve picked out that we think are useful.
First of all have a budget and try to stick by it so you know what money you have available to spend. For food see which shops or supermarkets are offering the best value. Plan meals if you can as you may be able to bulk buy certain ingredients.
With regards to energy try and have a lower setting on your thermostat, turn off radiators in the rooms you aren’t using. Also where possible switch off appliances when you’ve finished. These are small adjustments you can make that may make a difference.
Make sure you are getting the best deals available. This can range from broadband, mobile phone, car insurance, home insurance and your mortgage. We recommend at the very least look around before you come to the end or any of your current deals. It gives you an idea as to what is available.
Plan ahead if you can
It’s good to not only budget for the month, but also plan ahead for the year. It gives you an idea as to what expenses you have and if there are adjustments to be made. We’ve got lots of useful information with links via our hub page. Take a look!
We’ve also added lots of tips on how you can save money in your home too. For example,
