Seven ways homeowners who live alone can save £8,000 a year
24.03.2022 - 19:57
/ manchestereveningnews.co.uk
Many homeowners have been hit hard by the cost of living crisis which has seen prices soar across the UK. After Rishi Sunak delivered his spring statement in the House of Commons yesterday, a lot of people criticised the Chancellor for offering a lack of support for millions who will be hit by the energy price cap rise in April.
Those who live alone are likely to be amongst the worst affected by the rise in living costs. The average single-person household spends 92% of their disposable income, according to Insulation Express , and this is only expected to rise as the cost of living soars.
During this difficult time where we are all looking for ways to save money, the online retailer has come up with seven helpful ways that people living alone can reduce the amount they spend per week. By following each of these tips, it is estimated that one person could save around £8,000 per year.
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People who live alone are entitled to a 25% reduction on their council tax bill, which can save you around £6.13 per week. You can also apply for this discount if you live with anyone who does not have to pay council tax, such as students or ‘severely mentally impaired’ adults. To ensure the discount is applied you can contact your local council tax office.
If you’re on a low income, you may be eligible for a housing benefit to contribute towards living costs. The average housing benefit payment is £95.77 per week and you can check your eligibility via a benefits calculator .
Planning your meals for the week can reduce excessive spending on food and significantly reduce the food you are wasting. Batch cooking your meals,
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