From price hikes to shop closures, the cost of living crisis continues to rampage through the UK. If you’ve been struggling because of it, you’re not alone. Luckily, this article has some tips, tricks, and advice for you that will teach you how to cope and survive during this tricky period. By the end of it, you’ll be ready to move forward with a positive mindset!
Why Is the Cost of Living So High?
The cost of living has skyrocketed for numerous different reasons, such as the fallout from the COVID-19 pandemic, as well as the ongoing war between Russia and Ukraine. As a result of all this, gas prices, food costs, and everything else between have gone up.
Because the cost of living has significantly increased, millions of people have begun struggling with unpaid debts. If this is something that you can relate to, it’s not the end of the world. Individual voluntary arrangements are a great option for people who are struggling with debt as a result of the cost-of-living crisis and ultimately want to avoid bankruptcy. An IVA is something that you’ll want to consider if you have debts over £10,000.
Tips to Help You Through the Cost-of-Living Crisis
With that covered, let’s now discuss some of the different ways that you can cope and survive the current cost of living crisis sweeping through the UK.
Reduce Your Energy Usage
Firstly, a good place to start is by reducing your energy usage. Whether you live in an apartment or house, this is vital.
If you usually have the heating on all evening, try to have it on for just 1 hour instead. Similarly, if you take two showers a day, only shower once every 2 days – you get the idea. By making smart cutbacks like this, you can significantly reduce your monthly energy bills.
Plus, during the winter, you can:
- Wear extra layers of clothing around your home
- Invest in a warm blanket
- Use hot water bottles in bed
When the summer arrives, you’ll naturally be using less energy than before, meaning you can then start to change your habits again and be slightly more lenient.
Get a Second Job
In the UK, thousands of people have started second jobs. Although it isn’t for everyone, getting a second job is a good option if you’re currently struggling with the cost-of-living crisis. Remember, getting a second job doesn’t mean you have to work endless hours every week. For example, you might simply do 5 to 6 hours a week for the second job that you start.
Cook Your Meals at Home
Spending money on takeaway food every week isn’t a good idea if you’re wanting to cut costs. The better (and healthier) alternative is to cook your meals at home using groceries you’ve purchased in bulk from local supermarkets and food markets.
Sell Items You No Longer Need Online
Lastly, you can sell items you no longer need online, such as old clothes and electronics. Although it won’t turn you into a millionaire, the extra couple of hundred pounds might be a huge help to you. eBay, Shopify, and Vinted are all excellent apps for selling your items online, so make sure to check them out.
