Cost of living: How to save money on household bills

A guide to cutting household costs and reducing your cost of living

It’s no secret the UK’s cost of living has been rising steadily in recent years, with many households feeling the pinch. It’s therefore understandable that our customers might be worried about the long-term impact on their finances and looking for ways to save money on household bills. 


At Furness, we want to support our members in any way we can. As part of the Mortgage Charter, we aim to help homeowners through challenging times. So, if you’re an existing customer concerned about making mortgage repayments, please don’t hesitate to get in touch with us. 


If you’re simply looking for ways to lower your monthly outgoings, then we’ve also got you covered! We’ve put together some of our best tips to help you save money on your energy bills, groceries, and day-to-day spending. Even if you're on a tight budget, there are many simple, yet effective, habits you can adopt to help reduce your living costs.

Mother and daughter baking in the kitchen

5 tips for reducing your energy bills

1 - Switch to energy-efficient light bulbs

2 - Unplug electronics when not in use

3 - Take shorter showers

4 - Wash clothes in cold water

5 - Let your clothes air dry

5 ways to save money on groceries

1 - Batch cook your meals

2 - Grow your own food

3 - Shop around for the best deals

4 - Use coupons and promo codes

5 - Plan your meals ahead of time

5 ways to reduce your household bills

1 - Cancel unused subscriptions and memberships

2 - Negotiate your bills

3 - Get a roommate or move to a smaller home

4 - Refinance your mortgage

5 - Buy used rather than new

5 tips to avoid overspending

1- Create a budget and track your spending

2 - Set financial goals

3 - Avoid impulse purchases

4 - Pay off debt first

5 - Automate your savings