Today the Bank of England has said (again) that next year the UK will have to prepare for a recession. The experts have predicted that inflation could fall to 1% in 2010. All the while unemployment soars above 1.8m.
It’s time to save money for the ominous future, because every penny saved is a penny earned. And you can easily save money with a bit of control over your food, at home, going out and finance.
Last week we touched on food, now here are our suggestions to save money at home:
• Turn off the lights when you leave a room.
• Fit energy-saving light bulbs: they’re kind to the environment and they save you money in the long run.
• Take a shower, not a bath: it uses a lot less water and therefore saves on heating.
• Hanging out the washing is free: don’t use the energy-thirsty tumble dryer.
• Turn down the thermostat on your central heating by just one degree when you leave the flat.
• Check always your gas and electricity bills.
• Gently heat rooms you don’t use.
• Ensure that you don’t have leaky windows and doors.
• Fit loft insulation: some councils offer grants.
• Don’t leave electrical equipment, such as TVs and stereos, on standby: it wastes electricity.