Heard the expression "You can't get blood from a stone?" It does seem to fit the current economic and energy crisis currently facing many people in U.K.
If you have some money coming in you may need to get creative to keep the wolves from your door!
Tightening your belt is another old expression but sometimes cutting back is not an option. If you only have enough money for the bare essentials you could be in trouble.
However there may be a few corners you can cut off your budget if you are money savvy and have some income.
British consumers are currently experiencing some food shortages and inflationary prices. It is a triple whammy for some as incomes are also being squeezed with the triple lock on pensions abandoned, allegedly only for this year, and the £20 a week Universal Credit uplift scrapped. The latter often helps people in work who are on low incomes.
We can only hope that as P.M Boris Johnson claims, all the above are temporary issues.
Here are some tried and tested hints to help you survive this financial nightmare.
The above are just a few ideas to save money. However if your situation is dire get advice from an organisation such as The Citizens Advice Bureau. They can help you address bad debts that need urgent action.
Never simply ignore escalating debts and warning letters from creditors.
Check out Inflation Surge To Continue: Here Are 3 Reasons Why