Reducing your spending

Look at where you spend your money and think about what you can cut down on.

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Here are some ideas of ways to reduce your spending following redundancy:

  • Only buy things you really need rather than things you want
  • Switch to a discount supermarket or choose own-brand products
  • Can you change energy suppliers or switch tariffs to save money? Online comparison websites can help you shop around and compare prices
  • Pay bills by direct debit where a discount is offered
  • Downgrade packages on items such as telephone, mobile phone, television and internet where possible
  • Do you need your car? Can you use public transport instead?

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© Consumer Credit Counselling Service 2011