BRITS could be given more money for using appliances outside of peak hours after the National Grid raised the discount it will offer.
The discount for avoiding using energy during off-peak hours has been increased from 52p per kilowatt hour to £3 - meaning households that use their washing machine at night could make typical savings of £100 this winter during the Cost of Living crisis.
The news comes as the electricity system operator warned Brits could face three-hour blackouts during the coldest days of the year.
In a column for the Guardian, Fintan Slye - the director of National Grid ESO - said businesses and homes "can become virtual power plants and, crucially, get paid like one too".
He added: “For a consumer that could mean a typical household could save approximately £100."
Read our cost of living live blog below for the latest updates...
DWP update over £150 disability payment
Some Brits are missing their £150 for the cost of living crisis.
The Department for Work and Pensions admitted that the death of the Queen and the bank holiday of her funeral set back some payments.
The sum should appear in bank accounts in the coming days.
Winter warmer in the Oodie
Brits have been raving about this product that will keep you warm and snug all winter.
*If you click on a link in this article, we may earn affiliate revenue.
The hooded blanket is a fluffy and warm thick hoodie, which you can wear indoors to keep the chills away.
It costs £59 to buy directly, but you can save up to £30 in the sale, here.
Carers Allowance claimers will not get £324
The second supplement of the financial support will not be given to those who are claiming the Carers Allowance.
Those claiming disability benefits will receive no longer extra support from the government.
Brits ditch insurance policies to save money, research suggests
It has been reported that 10 per cent of adults have given up life insurance policies, private health insurance and income protection.
The research comes from investment management company Charles Stanley, suggesting 40 per cent of adults are aware of their workplace pension arrangements.
Tesco meal deal price raised
The largely popular and affordable meal deal consisting of a sandwich, snack and a drink has now been increased in price.
For those who aren’t Clubcard holders, the meal deal has risen to £3.90, from £3.50.
Pound falls against the dollar
The pound has dropped to $1.11, following Liz Truss’s resignation yesterday.
It is recorded that Brits are splashing the cash less than they did before the pandemic hit, according to the Office of National Statistics.
Less traffic predicted during half-term as drivers cut back on costs
As half-term approaches, the AA has predicted that traffic will peak Friday evening and again Saturday mid-morning as some drivers head off for a week’s holiday.
However, due to the current financial situation the number of people travelling at these times are not expected to match previous autumn breaks.
These predications come as families cut back in a bid to save money ahead of Christmas, energy bills and rising costs.
Five payments could hit your bank account before Xmas
Millions of Brits may be eligible for up to five payments paid into their bank accounts BEFORE Xmas amid the soaring cost of living.
Firstly, the second half of the government’s cost of living payment, worth £324, will be sent from November 8, with everyone claiming Universal Credit, Child Tax Credits and other benefits being eligible.
Other help includes the pensioner cost of living payment, worth £300, the Warm Home Discount, worth £150, the household support fund, adding another £150, and the cold weather payment, valued at £75.
Together these payments add up to almost £1,000, which could prove to be a massive help as we enter a tough winter.
Free debt advice
If you’re in debt there are plenty of services you can take advantage of and they offer free advice on how to manage debt.
Most of them can offer you free guidance and help in person, over the telephone or online.
Mum’s clever shopping skills sees her feed her family 62p homemade meals
One mum shared with The Sun how she managed to make good and homemade meals for her family which cost next to nothing.
Laura Light, the mum of two, has brought down her weekly food shop budget from £214 to £40 which helped her save for years.
She shops at discount retailers and uses meat in great value hampers from the online food shop MuscleFood.com.
Laura said: “When we first seriously looked at our finances eight years ago, I was shocked at just how much we were spending. We went from two salaries to one so we had to make some serious savings.
“I found that making small changes was the best way for us to cut costs. Small things like my husband taking leftovers for lunch saved £3 a day, switching to the budget own brand lines saved us a fortune and buying in bulk to keep costs down.
“Cooking from scratch really can save you cash and it doesn’t have to be as time consuming as people may think. When I recently made beef lasagne I compared making my own sauce to buying the cheapest, own brand sauces from the supermarkets. Mine worked out at 15p cheaper. Those 15p’s soon add up.”
Contact your energy supplier for help as bills soar
Amid the destruction of Liz Truss’s mini budget earlier this week, it was announced that the energy price guarantee will now only last until April, instead of the original two years.
This means, come April, your bills will no longer be capped at £2,500, and could reach up to £5,000 per year.
Many energy companies offer help for struggling Brits, check below if yours does.
Carers will get government boost in new scheme
It has been unveiled by the government.
A new law has been passed, stating carers are entitled to one week of paid leave per year.
It is proposed to help those who are taking unpaid leave to care for dependent family members.
Contact your energy supplier for help as bills skyrocket
Amid the destruction of Liz Truss’s mini budget yesterday, it was announced that the energy price guarantee will now only last until April, instead of the original two years.
This means, come April, your bills will no longer be capped at £2,500, and could reach up to £5,000 per year.
Many energy companies offer help for struggling Brits, check below if yours does.
Should you claim energy credit?
Martin Lewis revealed tonight if you should claim the credit on your energy account.
He said Brits should wait until April and if they are still in large amounts of credit, then claim it back.
Top tricks on drying bed sheets without using the tumble dryer
Georgia Metcalfe, founder of online bedroom retailer French Bedroom, has shared the advice as we head towards colder months.
She explained how sheets can dry effectively inside and smell nice as well as how to prevent mould when doing so, all whilst lowering bills.
Georgia explains that the best way to dry sheets indoors is to hang them on bannisters.
She said: “Bedding needs a large surface area to dry quickly so drape wet sheets around the bannister to maximise indoor space and allow the fabric to breathe.
“Many will use an airer, but these can be too small to work efficiently for large sheets.
“You could also create a beautiful scent by using lavender fabric softener in the washing machine as this will act as a diffuser whilst the sheets dry.”
Get cheap gym memberships if you claim Universal Credit
A little-known benefit of Universal Credit is discounts on gym memberships across the country.
How much of a discount you’ll get will depend on your local council.
To find yours, you can use the government’s locator tool.
To apply, you’ll need to go through your local leisure centre, but first you should check whether they offer a discount.
Universal Credit also gains access to dozens of other benefits that you can see here.
Money making hack one Londoner uses to make extra cash
Film studios will pay a nice amount of money to those who open their doors as a filming location.
Faye Dickinson, earns around £59 per hour for her home to be used as a filming set.
Living in De Beauvoir, London, she hires out her home as a filming location, reported the i news, telling the publication it “helps pay the bills”.
Free debt advice
If you’re in debt there are plenty of services you can take advantage of and they offer free advice on how to manage debt.
Most of them can offer you free guidance and help in person, over the telephone or online.
Who will get £324 next month?
If you claim the following, you should get £324 after November 8.
- Income-based Jobseekers Allowance
- Income-related Employment and Support Allowance
- Income Support
- Working Tax Credit
- Child Tax Credit
- Pension Credit
- Universal Credit
DWP update over £150 disability payment
Some Brits are missing their £150 for the cost of living crisis.
The Department for Work and Pensions admitted that the death of the Queen and the bank holiday of her funeral set back some payments.
The sum should appear in bank accounts in the coming days.
Winter warmer in the Oodie
Brits have been raving about this product that will keep you warm and snug all winter.
*If you click on a link in this article, we may earn affiliate revenue.
The hooded blanket is a fluffy and warm thick hoodie, which you can wear indoors to keep the chills away.
It costs £59 to buy directly, but you can save up to £30 in the sale, here.
What temperature should your thermostat be to save on bills?
As bills rise this winter, Brits are looking for ways to save on energy.
But what temperature should you have your heating to save on bills?
When it comes to your thermostat, Energy Saving Trust recommends you should set it to the “lowest comfortable temperature”.
For most of us this is between 18 and 21 degrees Celsius.
Carers Allowance claimers will not get £324
The second supplement of the financial support will not be given to those who are claiming the Carers Allowance.
Those claiming disability benefits will receive no longer extra support from the government.
Brits ditch insurance policies to save money, research suggests
It has been reported that 10 per cent of adults have given up life insurance policies, private health insurance and income protection.
The research comes from investment management company Charles Stanley, suggesting 40 per cent of adults are aware of their workplace pension arrangements.
Tesco meal deal price raised
The largely popular and affordable meal deal consisting of a sandwich, snack and a drink has now been increased in price.
For those who aren't Clubcard holders, the meal deal has risen to £3.90, from £3.50.
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2022-10-22 06:00:00Z
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