The Cost of Living – Kaye Price
This month we talk about the cost of living crisis we are all experiencing with Kaye Price from KP Financial Wellbeing. Kaye talks us through the current situation with regards to financial markets and offers some practical tips and advice we can all put in place to help with our finances.
Key Takeaways
Do not panic, difficult financial markets don’t last forever, there are things you can do and advice is always available.
Utilise comparison sites, websites and make a plan.
Create and use a monthly budget planner.
Talk openly about money with those you trust.
If anyone finds them self in difficulty:
- Ask for help
- Speak to friends and family
- Utilise advice services such as Citizens Advice and Money Advice Service
- Investigate other means of support including benefit entitlement and charities
Practical Steps:
- Check your savings are working for you.
- Organise debt and ensure your paying off the highest interest first.
- Check when your mortgage renewal is and get comparisons.
- Review utilities and look out for new deals as the year progresses.
- Check any contract and avoid auto renewal.
- Sell old items, use eBay and other sites.
- Get used to saying no to social events and think of other ways to meet up!
Useful Resources
Martin Lewis’ Money Saving Expert
https://www.moneysavingexpert.com/
Citizens Advice:
https://www.citizensadvice.org.uk/
Money Advice:
https://moneyadvice.co.uk/
National Debtline:
https://nationaldebtline.org/
Contact Kaye Price directly on:
Mobile – 07703 410651
Email – kaye.price@sjpp.co.uk
Facebook –
https://www.facebook.com/kayepricewealth
