The Cost Of Living Crisis

What is the cost of living crisis?

  The cost of living crisis refers to a situation where the essential expenses for an average person or household, such as housing, food, and utilities, rise significantly while income growth remains stagnant. This results in financial strain and reduced living standards, making it challenging for individuals and families to meet their basic needs and maintain their quality of life. 

Who is most affected?

Everybody... For example, food costs have increased significantly since Russia invaded Ukraine, contributing to the biggest squeeze on living standards in the UK since records began in the 1950's. Some households face a higher effective inflation rate because they spend a higher share of their income on energy and food, the prices of which are increasing fastest. On average, poorer households spend more of their income on these essentials. 

How can I protect myself and my family?

 To shield yourself and your family from the cost of living crisis, focus on budgeting, reducing discretionary spending, and seeking cost-effective alternatives. Enhance your financial literacy, explore investment opportunities, and consider additional income streams. Make informed decisions about housing and transportation, and compare prices and discounts for essential goods and services. Building an emergency fund and maintaining good credit can provide a safety net. Lastly, stay vigilant about changing economic conditions and adapt your financial strategies accordingly. 

How can I reduce our cost of living without affecting our standard of living?

Good question.....

.....and the answer to this question is what this website is designed to do, helping you to seek cheaper alternatives by finding the best discounts, deals and offers available, without compromising consumer products or services.  On our 'Deals and Offers' page, savvy shoppers find unexpected gems. Follow the links to official retailer sites and seize these exclusive deals now!

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