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Managing your money

Reducing your household bills

What is the average cost of household bills?

As a homeowner you're responsible for a number of household bills. Aside from your rent or mortgage, you'll need to think about utility bills, council tax, broadband, mobile phone and insurance costs.

According to research by ONS Family Spending report (released March 2021), the average UK household spends £588 a week on household bills and living expenses. Check out the average breakdown below.

Utility bills

£34
On average per week

Council tax

£26
On average per week

Insurance

£19
On average per week

Mortgage

£177
On average per week

Cut costs and save money at home

Running a household can be expensive, but there could be a few things that you could do to minimise costs and save some money. We're got a range of guides and quick tips to help you get your bills under control.

Your energy bills

Looking for ways save money on your gas and electricity? Our top energy saving tips guide could help save you money, and reduce your carbon footprint at the same time.

Your phone and broadband bills

We know that our customers spend a lot of money on mobile phone bills and broadband. That's why we would like to help you understand ways in which you could be more savvy with your mobile tariff and maybe help you save some money.

Your water bill

Although you can’t switch water supplier, there are lots of tricks you could use to save money on bills.

Check for leaks and dripping taps

Use a full dishwasher or washing machine before turning it on

Turn off the tap while you brush your teeth

Have a shower rather than a bath

Shorten your shower time

Your council tax bill

Did you know that you’re entitled to 25% off your council tax bill if you're living on your own. 

Check with your council if you're eligible for a discount on your Council Tax. You can find out more about discounts on the government website.

Other ways to reduce your household bills

Looking at energy saving and switching is just one way to reduce your monthly outgoings. There are many ways to save money on your monthly bills.

Make sense of your salary

First things first, it's important to know how much you've got coming in each month and understand any deductions from your wage packet before it lands in your current account. 

See how we can help you make sense of your salary.

Categorise your spending

If you find you've been spending way too much on certain things, you can set yourself budgets in different categories such as Bills.

App available to customers aged 16+ with compatible iOS and Android devices and a UK or international mobile number in specific countries.

Set a budget

Setting and sticking to a budget is a great way to save money day to day. 

With a clearer idea of your monthly budget, you’ll be able to make better decisions about how you manage your money and plan for your future.