Cost of living
The cost of living crisis
The UK is facing a cost of living crisis and millions of people are having to make difficult choices about their finances, in some cases choosing between feeding their families and paying their bills.
We may not be able to predict or control what's happening in the world, but we can help you to understand what these changes mean for you and your finances.
Find out more about how you can manage your money during these challenging times – and what our cost of living research reveals about how the UK is managing with rising bills.
Managing your money in uncertain times
Take a look at our range of guides, articles and practical support. They're designed to help you manage the cost of living and make you feel a little more in control.
How to save money on your energy bills
Energy bills can be a major expense, but there are some simple steps we can all take to try and keep costs down.
Top 10: tips to manage your money
Monitoring where our money’s going can have a big impact on our attitude to spending and how much we save. Read our tips to help get you started.
Get on top of unexpected life changes
Life can throw some unexpected and difficult things at you. From the death of a parent or partner to illness and losing your job. You'll have a lot on your mind with questions about how you and your money will be affected.
Helping people in crisis
We believe we’re stronger when we work together. So we’re proud of our partnership with national charity Turn2us, where we’ve donated and raised over £600,000 so far, to support more people facing financial crisis to build resilience.
We recently supported Turn2us’ Cost of Living Crisis appeal by matching donations up to £15,000. Following overwhelming support for the appeal, we were able to hit our target and in total, the campaign raised over £45,000 to help families overcome rising living costs.
Building financial resilience
Through our Changemakers programme, we support individuals and social enterprises to explore society’s challenges and develop and scale innovative solutions. These range from helping low income households to save money on bills, to providing sustainable employment to some of society’s most financially vulnerable groups.
During a time where the cost of living is impacting so many households, our Changemakers are helping to build people’s financial resilience for the future.
Louis Holliday, Pocket Power
“Now is a really tricky time for lots of people when they’re thinking about trying to pay their household bills.”
Pocket Power are tackling the poverty premium by helping people on low incomes find better deals on their household bills.
Jerry During, Money A&E
“Lots more people are facing financial exclusion and debt, and they need a lot more support.”
Money A&E provides money advice and educational services to disadvantaged groups and Diverse Ethnic Communities.
Ebony Rebecca, RoseTinted Financial Services
"The worst affected [are] choosing between food and gas/electric on a weekly basis."
RoseTinted is a service that promotes mental wellbeing for women through a mixture of financial and mental health support.
Explore more of our guides
How to cut your bills
It’s always a good idea to regularly review your household bills to make sure you’re not paying over the odds. But it’s particularly important when the cost of living is rising. It will take a bit of your time, but you may be able to save some money by doing this.
Managing your money
We have guides on some of the basics from the benefits of tracking your everyday spending, to cutting bills and budgeting. You’ll also find help if money is tight with guides on debt and state benefits.
Budgeting is a great way to stay on top of your finances. Find out how to draw up a budget, increase your income and cut your spending in our money guide.