These days, it seems we are paying more and more in taxes and bills and have a lot less to spend on ourselves. In fact UK households now have the lowest disposable income levels for 10 years – and don’t we just know it. But there are some easy ways you can ease your burden and have more cash floating in your pocket.
A study by uSwitch.com has shown that we are now handing over even more of our hard-earned money as taxes, bills and other living costs have risen faster than our wages. While taxes and national insurance have risen by over 75%, net household income as a proportion of gross household income has fallen by 5% in just 10 years.
To make matters worse, we have even less to spend on fun items as the cost of essentials, like gas and electricity, is also on the rise. Disposable household income is now 33% as opposed to 35% in 1997.
How to ease your burden
In more cases than not, it's likely that you are paying more than you need to. Never fear, getting the money back in your pocket is easier than you think and doesn’t mean you have to feel deprived or hard-done by.
Save on energy
Gas and electricity bills are a major household expense, yet nearly 50% of UK households continue to pay a premium price because they have not switched.
Switch your gas and electricity plans and you could save up to £325.
Save on your credit card
If you have an outstanding balance on your credit card you need to pay it off. To help you do this, transfer your balance to a credit card with 0% interest for a set period.
Switch your credit card and save you up to £400 over 18 months. Save on your car insurance
Comparing your car insurance could get you a better policy at a lower price. Plus comparing online could save you a huge amount of time too. You just give your details once and you can compare hundreds of policies to find the right deal, with the right cover.
Switch your car insurance and save up to £150
