The average family's disposable income has dropped by almost a third over the past two years, according to new research - but there are ways you can make up the shortfall. Spending just one day checking the internet for the best deals and making a few phone calls could save you up to £2,000. Here’s how it’s done
The average family's disposable income has dropped by 29% in the past two years, according to
new research from Abbey. Most households have just 25% of their salary, or £382, left after paying
for their essentials - that's down from £541 in 2006. And the report also shows that one in 10
households is spending 90% of their disposable income on life’s essentials.
With the credit crunch taking its toll on the nation’s finances, it’s never been more
important to get the cheapest deals on all your financial essentials. We show you how a few simple
switches could save you as much as £2,000.
1: Energy bills
Since the deregulation of the gas and electricity markets in 1998 and 1999 respectively,
customers have had a choice about which suppliers they buy their energy from. According to price
comparison website uSwitch, you could save up to £325 a year by switching to the cheapest supplier
in your area.
A host of comparison websites such as Moneysupermarket.com provide data on the cheapest
tariffs available depending on where you live and how much energy you use. The cheapest tariffs are
managed online and payable by direct debit.
Switch to a
cheaper energy supplier
Saving: Up to £325 a year if you’ve never switched suppliers before.
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