ICR335: Coping with the crippling cost of living

Informed Choice Radio Personal Finance Podcast

English - July 06, 2018 01:00 - 28 minutes - 25.8 MB - ★★★★★ - 6 ratings
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Previous Episode: ICR334: Amanda Abella, Make Money Your Honey

Next Episode: ICR336: Sarah Davidson, Saving & Borrowing with a Credit Union

In this episode, how can families cope with the crippling cost of living?

I share some new research into rising living costs and then suggest some steps we can take to deal with them.

My five tips for coping with cost of living increases:

1 - Learn to budget effectively

2 - Trim the fat from your household budget

3 - Bring in some extra income

4 - Shop around for cheaper deals - mortgage, insurances, utilities.

5 - Make some lifestyle changes - i.e. drive less, walk or cycle more.

I would love to hear your thoughts. Leave me a voicemail via our website, email me at [email protected] or get in touch on Twitter, @martinbamford. I’d love to hear from you.

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