Managing your finances

Worried about rising costs? Here’s how you can ease the strain

Take stock with a budget

If you haven’t already, try using a budgeting tool like this one from MoneyHelper. It can help you get clear on what’s coming in, where it’s going out, and where you might be able to cut back.

Planning ahead can also save you money day to day. For example, could you meal plan for the week, rather than picking up lunches on the go or ordering takeaways? Small switches like this can add up over time.

Get support with debts

If you’ve got credit cards or loans, consider speaking to your lender. They might be able to offer a payment holiday or adjust your repayments to make them more manageable.

For free, impartial advice, StepChange is brilliant — they offer simple, clear steps to help you take control. We refer people to them often, and they’re always helpful. See our money signposting page for more information.

Check what your employer can offer

It’s worth having a conversation with your employer too. Could working from home more often cut your commuting costs? Or would spending more time in the office help you save on energy bills? Think about what works best for you, then chat with your manager about adjusting your routine.

Some companies are even offering cost of living support or salary reviews. If you feel comfortable, you might want to suggest this where you work.

Cut energy costs where you can

Energy bills are a big concern right now, but there are ways to ease the load. First, make sure your bills are based on accurate meter readings — not estimates. If you’re struggling, speak to your energy provider. They’re required to help and can work with you on a payment plan.

Look into government support too. From energy rebates to cost of living payments, there may be help you’re entitled to.

And don’t underestimate the small stuff: turning off standby appliances, only boiling what you need in the kettle — they all add up. The Energy Saving Trust has plenty more ideas to explore.

If you’re in financial difficulty, NABS offers support grants to eligible applicants. And bigger energy firms often have charitable trusts that can help too. The Turn2Us grant tool is a great place to search for more options.

Plan ahead for Christmas

If you celebrate Christmas, now’s a good time to think about how you want to approach it. Could you agree with friends and family to spend less on gifts this year? Maybe start putting aside a little now to spread the cost.

Remember: no one should feel pressured to spend beyond their means. More than ever, people will understand if you need to cut back.

Look after your wellbeing

Money worries can take a real toll on your mental health. If you’re feeling anxious or overwhelmed, please don’t keep it to yourself. Give us a call on the NABS Advice Line — we’re here to listen, support, and help you find a way forward.