Cost of Living has increased by 18% in the last year

The cost of living is believed to have increased by 18% over the past year. Much of the increase in our supermarkets is due to the decline of our currency on the exchange rate market against other major currencies. Goods and services are today more expensive than twelve months ago. Household budgets look to be squeezed even further this month, the 1^st of April was the trigger date for more price hikes.

This month’s cost of living increases

The postponed fuel duty has come into effect this month and fuel now costs a further two pence a litre more. The average driver will see an increase of £104 a year.
Turning on our water tap has become more expensive by over 4% with the average water increase being £300 a year.
British Telecoms has increased it line rental up to £138 to £150 a year and increase of £12.00 a year.
Prescription charges for medicines has increased from £7.10 to £7.20
Television Licence fee has gone up from £139.50 to £142.50 a year

There is very little that most of us can do to avoid these increases unless you stop using these services. How can you beat the squeeze and saving money?

Well you should start looking at your own finance within your own household and start managing them in a lot ore concerted and focused way. During the good times we don’t look at these kinds of savings but when the bad times arrive we need to take control of our spending and start to save money where we can.

Here are some Grocery Shopping tips:-

Use own brands from the supermarkets
Look at shopping later on during the day when the bargains are on
Use internet shopping to avoid transport costs – coupons for free delivery are available by googling free supermarket delivery.
Shopping online means that you don’t impulse buy the items you would have bought as you walked around the store.

Your thoughts, experiences and comments are welcome. You can join the discussion below and leave your thoughts and experiences.

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Tags: average water increase, cost of living, cost of living has increased by 18 in the last year, cost of living increases, grocery shopping tips, Household budgets, increase, saving money, television licence fee, use internet shopping

This entry was posted on April 10, 2009 at 5:37 am and is filed under Advice and Information, Consumer Help, Credit Crunch, Recession, Remortgaging in todays market, Savings. You can follow any responses to this entry through the RSS 2.0 feed.

6 Responses to Cost of Living has increased by 18% in the last year

kostenlose spiele on July 20, 2009 at 10:55 am

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Rachel on July 22, 2009 at 10:36 pm

thanks for your post,it is very useful !
andeep from SCoupons on August 5, 2009 at 10:41 pm

Yeah i agree with you. we should prefer our own brands.
mark.ben on October 25, 2009 at 7:02 pm

Thanks for this excellent post. It is informative and very useful. Cost of living is increasing day by day, credit management is the need of the hour in this current economic condition. Looking forward to read more of your writings.
actitly on October 26, 2009 at 3:08 am

great website
naz from branded cotton bags on November 4, 2010 at 10:56 am

These are good tips to survive the price rise. There are many ways of saving money if you are only willing to educate yourself- like using vouchers and discount coupons. Keep your eyes peeled out, specially check national newspapers as they sometimes carry individual store and department store coupons in the weekends.
More than ever doing the actual saving, you would feel happy to have educated yourself into a more aware consumer.