Save money without leaving home

MoneyHere are some straightforward ideas to save money from the comfort of your own home.

Switch Energy Suppliers

It pays to shop around. According to research by the energy regulator, the Office of Gas and Electricity Markets (Ofgem), comparing and switching supplier or energy tariff can make a big difference to your gas and electricity bills. You can read a guide to switching energy supplier here.

Check your Council Tax

There’s a couple of things you can check with council tax. The first is your council tax band, which is based on the value of your property at a specific point in time. If you believe your property has been valued incorrectly, you can challenge your council tax bill. Find out more here.

The second is to check if you qualify for a discount for example if you live alone, live with children under 18 or students, or someone in your home is disabled. You need to contact your local authority to find out how to apply – enter your postcode here and you will be directed to the relevant pages on their website.

Check Your Benefits

A study in 2018 discovered that British families were missing out on over £20billion of benefits that were rightfully theirs. To help you discover if you’re eligible to claim for benefits, try out the free benefits calculator here, which covers all means-tested benefits. It also has a guide to the help available from benefits if you are affected by coronavirus.

Claim tax relief for working from home

Having to work from home? From 6 April this year, your employer can pay you up to £6 a week (£26 a month) to cover your additional costs. A quick check on the Government website will confirm if you’re eligible.

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