Households across the UK are expected to feel a financial squeeze within the coming months thanks to soaring energy prices and the increase in National Insurance–both come into effect in April. Not only are we dealing with the aftermath of Covid-19, but the Cost of Living Crisis has many of us questioning how we can save as prices begin to rise.
Within this blog post, you will find helpful information on the Cost of Living Crisis, what impact it will have, and how you can use our Teacher’s discounts to lessen the blow of the Crisis. Alongside the valuable information we have provided, we have also listed several money-saving discounts available to members of Discounts for Teachers.
Not a member? Sign up for FREE today and join thousands of your peers that are using our Teacher’s discounts. We partner with the biggest brands to help you save on your monthly bills, weekly food shopping, daily essentials, and everything in between.
What is the cost of living crisis?
We began to hear about the “Cost of Living Crisis” at the start of 2022, and many of us began to question what caused the crisis and how we could save money with prices rising. From our monthly bills, daily essentials to our weekly food shop, due to the nature of the crisis, many key workers are facing financial struggles, but what is actually causing the crisis? Here are several core elements that are contributing to the crisis:
- High demand for oil and gas.
- the War in Ukraine
- Shortages in staff across various sectors, including hospitality and transport.
- Shortages of certain goods due to supply chain disruptions across the globe.
What is the average monthly cost of living in the UK?
On average, most UK households will spend around £588 per week (£2548 per month) to cover the cost of living. This includes rent/mortgages, food, daily essentials, the clothes on our back and travel expenses. However, the location and salary will heavily impact the average cost of living in the UK. For example, the cost of living in London compared to Manchester will differ.
With the Cost of Living Crisis, many experts have outlined that people should evaluate their current bills and use comparison sites to find the best offers. Our Teacher’s Energy Switch automatically runs seasonally to find you the best broadband, TV & Utility offers around. To learn more, visit our Broadband, TV & Utilities Teacher’s discounts page.
Which is the cheapest place to live in the UK?
Curious which places are considered low-cost places to live in the UK? Take a look at the list of the 16 low-cost places to live:
- Derry or Londonderry in Northern Ireland
Bills, Bills, Bills – Save with our Teachers discounts
If you are looking for ways to save during the Cost of Living Crisis, make sure you sign up for Discounts for Teachers and become a member. We work with the biggest brands to offer our members exclusive Teacher’s discounts at brands that allow them to save on monthly bills, weekly food shopping, daily essentials, and everything in between.
Use your Ode card like a regular debit card at select retailers to earn up to 12% cashback. As featured on Money Saving Expert as a “Top Pick for Pre-Paid Cards” to save YOU money.
Whether you’re taking out a Personal Loan, signing up for a Credit Card, or looking at Buying a Home, secure your finance product confidently with Discounts for Teachers.
Fashion lovers can rejoice with our amazing clothing and accessory discounts. From high-end fashion to high street retailers, browse our Fashion Discounts today.
Get your hands on the latest iPhone, Samsung or HUAWEI with our Teacher’s mobile discounts. Browse contracts, SIM-Only and much more today. Discover our discounts today.
Commuting to work? Driving the kids to school? Get from A to B confidently with our Motoring discounts. We offer everything from Car Insurance, Car Hire, to Breakdown Cover.
Are you looking to save only our Broadband, TV & Utilities? Check out our Teacher’s discounts to discover how you can make savings on your household bills. Helping you save on household bills.
From your favourite high street retailers, luxury goods to budget brands, take a look at our fantastic Shopping Discounts to see where you can save.
Weekend break? Staycation? Dream holiday? It’s never too early to book your next adventure. Take a look at our Teacher’s travel discounts and book today.