October 22, 2021

As prices rose last month, the UK spent a record amount on petrol and energy.

The British cash-strapped has cut its energy bills and fuel by a quarter over the past fortnight, as the cost of living begins.

Lloyds Bank research found that September 24 saw the highest fuel spending ever recorded because of panic at the pumps – drivers spent 125 percent more than usual.

Households are striving harder for energy and fuel, but there are ways to keep costs down.

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Households are striving harder for energy and fuel, but there are ways to keep costs down.Credit: Getty

Lloyds Bank research found that September 24 saw the highest fuel spending ever recorded because of panic at the pumps – drivers spent 125 percent more than usual.

The cost of living for millions of families is rising.

In recent weeks, families have had to endure rising energy prices, rising food prices, and petrol reaching eight-year highs.

And it comes at a time when millions of families have been affected by the end of the Universal Credit Uplift and Furlo scheme.

Lloyds said homes spent 24 percent more on energy and 20 percent more on fuel over the past two weeks.

Spending on clothing has increased by 22%, while department stores have increased by 14% and electrical stores by 5%.

Office returnees, meanwhile, are spending 10 percent more on transportation costs.

The Center for Economics and Business Research (CEBR) estimates that rising prices could cost families up to 8 1,800.

Inflation has reached 4%, which means that prices are rising and that your money will not go far.

If a loaf of bread is £ 1 this year and inflation is 4 at, the price of the same loaf will be 1. 1.04 next year.

This may not sound like a big deal, but it can have a big impact if the same happens with your weekly supermarket store and all your household bills.

At the same time, inflation depletes the value of any of your savings.

So if you have بینک 100 in the bank this year and inflation is 4, the actual spending power of that amount will be £ 96 next year.

How to keep household bills down?

But there are still things you can do to keep your costs down. For example, the following tips for furthering your fuel tank.

Although homes are currently being advised not to move to a new energy supplier when prices are skyrocketing, you should definitely consider purchasing other bills and insurance.

Millions of households face higher energy bills, but you can still save hundreds of pounds a year.

Don’t be afraid Negotiate with your broadband or TV providers. To save hundreds

Martin Lewis recently revealed how you can save hundreds of pounds by auditing your regular payments.

If you claim Universal Credit, you can save an average of Rs. 270 through Water Saver Scheme.

Here are eight ways to earn some extra cash before Christmas.

And here’s how to budget for holiday treats without having to worry.

Philip Robinson of Lloyds Bank said: “Domestic energy costs continue to rise – just 13% in the last week, due to rising prices and the colder months.

“With that in mind, now is a great time to sit down before Christmas and think about your personal finances.”

This morning, Martin Lewis issued a chilling warning over the fuel crisis, saying some would be “forced to choose between heating and eating.”

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