Money Saving Updated:
As households gear up to face yet another round of winter fuel price hikes, Moneyfacts.co.uk has come up with five top tips to help you cut your spending.
If you're facing higher gas & electricity bills due to winter price hikes why not find out if you can switch to a cheaper deal.
Research shows that you could save up to £320 per year by switching gas & electricity supplier, so compare tariffs now.
Both first direct and Halifax are paying new customers £100 if they open one of their current accounts as long as certain conditions are met, such as paying in a minimum amount each month and switching over at least two direct debits.
On top of this, Halifax will pay you £5 every month as long as you fund the account with at least £750 and stay in credit.
Remember, the new Current Account Switch Guarantee has made it easier and faster to switch bank accounts than ever before. The process will now be completed in seven working days or less, while you will be compensated for any charges you incur as a result of the process.
Compare bank accounts.
Cashback credit cards can be a great way to earn tax-free cash rewards on your spending and, if managed efficiently, can offer a host of benefits.
They are best suited to regular card users who are able to pay off the balance in full each month – otherwise you risk cancelling out any cashback benefits because of high interest charges.
American Express is offering an introductory 5% cashback on purchases for the first three months – capped at £100. After this customers will earn 0.50% on spends up to £3,500 per year, 1.00% on spends between £3,501 - £7,500 per year and 1.25% on spends over £7,501 per year.
Compare cashback credit cards.
Debts that charge relatively high interest rates can eat into your budget each month. If possible you could consider transferring your debts to a 0% balance transfer credit card.
Currently Barclaycard offers the longest 0% balance transfer credit card deal – at an impressive 30 months. This means you'd have over two years to pay off your debts.
Read our guide on 11 Steps to get debt-free in 2013
Find out how to get out of the overdraft cycle
Compare 0% balance transfer credit cards.
5. Cut the cost of Christmas shopping with voucher codes and offers
Christmas is just around the corner, so why not cut the cost of this year's spending by searching through our voucher section to find the hottest offers from the UK's high street and online retailers?
Simply use our search box to find the latest deals.
A selection of the top offers currently available:
Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.
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