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The rising cost of living in the UK

Prices are up. Let's try to soften the blow.

We're experiencing the biggest price hike for 50 years. Inflation, energy prices, tax rises and the Russian invasion of Ukraine, have all played a part. 

So we’ve got a few things you could try to help take some pressure off your pocket.

Help managing your money

Fancy some info, tips and pointers? Have a look below.

Look at your bills

You can't fight the rising cost of energy. But what about getting a better broadband, TV or mobile deal? It could cut your household outgoings.

Ten ways to save more

Even a little extra a week adds up. Check out these tips on budgeting, switching suppliers and spring cleaning your Direct Debits to get you started.

Create a budget

Taking a fresh look at how much you can spend could help you feel more on top of things. And it could mean you don't get into debt.

Handy tools to help you

Book a Financial Health Check

Sometimes , it helps to speak to an expert. A video chat with one of our friendly senior personal bankers could help you review your money situation. They’ll ask you about your needs, goals and you can tell them what’s on your mind.

Spending Tracker

This handy app tool could be your new best friend. It logs your spending into 12 categories - like bills, groceries and transport - and even pulls out personalised insights. It could help you budget better and identify where you could tweak things.

Work out your budget

Want to get a clearer picture of your money situation? Then use our budget calculator. It could help you work out what you've got coming in (eg wages and benefits) what's going out (eg bills and expenses) and how much you've got left over.

Worried about missing a payment?

The sooner you reach out to us, the easier it’ll be to sort things out. If think you might miss a loan, credit card or mortgage payment, or already have, talk to us as soon as you can.

The same applies if you’re struggling to pay off your overdraft. There are lots of ways we may be able to help you. 

Ways to speak to us

In app

Just tap ‘Help’ to message us and chat to Cora. Quote ‘struggling financially’ when you begin the chat. Criteria apply.

Digital Banking

Click ‘Chat Now’ to start a chat. Quote ‘struggling financially’ when you begin the chat. If you don’t have Digital Banking, it’s easy to register. Criteria apply. 

Our website

Use the ‘Need help?’ button (bottom right of this page) to chat to Cora. She’ll pass you to a team member if she can’t help you herself. Quote ‘struggling financially’ when you begin the chat.

Staying scam-savvy

Could you spot a scam? It’s important to be able to recognise the tell-tales signs because fraud often increases during times of uncertainty. Read up. It could stop you getting caught out. 

Free support and advice

If you're having money troubles, as well as speaking to us, you can get free independent advice from some of the helpful organisations and charities listed below.

PayPlan
You can get free, confidential debt advice from our partner PayPlan. If increasing living costs are affecting your financial wellbeing, PayPlan’s friendly advisers could help.

Citizens' Advice
Contact Citizens' Advice for free advice on debt, benefits, housing, legal matters, employment and general consumer advice.

StepChange
StepChange is a charity that provides free expert debt advice over the phone and online.

 

National Energy Action
For advice on energy bills and keeping warm and safe at home, contact the UK's leading fuel poverty charity the NEA.

Money Helper
Contact Money Helper for free advice and support on debt, divorce/separation, setting up a new home and care and disability.