The year is 2022 and it feels like the world is falling apart around us. Maybe it isn’t that bad. Nonetheless, the cost of living crisis is hitting homes hard in the UK. The worst part about this is that it is predicted to increase over the coming months.

Finding ways to manage your money is essential in 2022. Furthermore, you want to find ways to save money with your bills and have saving pots.

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Many banks in the UK will offer savings pots which are accounts where you can put your money whilst watching it grow over time with interest rates. Moreover, people don’t have a savings pot due to the interest rates being so low.

People are struggling to save money because there is too much going out of their banks. Furthermore, if you are cutting close to finances every month, how will you find the finances to save each month when it is spent on bills?


Finding the willpower to save when you want to enjoy your life is difficult. Additionally, planning your finances for the month isn’t easy either. The problem is, there are always going to be unexpected costs in your life. This could be car repairs or repairs for your home. Planning for the inevitable is almost impossible.

For those that invest in stocks, you will know that it requires research. You cannot invest a few hundred pounds or more in a stock you know nothing about. That is essentially risking all of your money. Nonetheless, some of the stocks that you invest in can go wrong. Maybe they have a bad quarter or the company has gone bankrupt. If they have, this is where you will need to contact some form of wealth recovery solicitors to see if they can recover your losses.

Reassess Your Bills

Reassessing your bills must be on your list if you own a property. Many energy providers will offer different packages that may be beneficial to you. Additionally, it isn’t just your energy bills you need to be aware of. You also need to check your broadband and television subscriptions.

For some people, it may be best to have a  phone contract that includes discounts for line rental, TV subscriptions and phone bills. Holiday insurance, life insurance and car insurance can also offer something similar.

Take time to look through the expenses you are spending and how many bills are coming out of your bank account. Furthermore, you need to ensure you are not spending money on bills that are not necessary.

To Conclude

If you know you are spending too much money and are scraping the barrel each month, it is probably wise to check your expenses. Additionally, you need to ensure that you are not spending money on unnecessary bills. As mentioned before, you should check any packages to see if the essentials are included for your home to save extra money. Don’t forget to set a little bit of money aside each month for your savings as well. One final thing to mention, if you did lose money to a regulated broker then don’t forget to seek help for the money you have lost.

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