Six ways to beat the cost of living hikes that could see you £2,417 worse off this year
3. BE READY TO SWITCH YOUR MORTGAGE DEAL
IF you make a minimum repayment on a credit card then it will take years longer to clear your debt and you’ll pay hundreds of pounds extra in interest.Jonathan Watts-Lay, director at Wealth at Work, said: “A debt of £3,000 with a rate of 18 per cent APR, could take ten years and ten months to pay off if paying £50 a month, with total interest paid of £3,495.
Compare cards using a comparison website like Uswitch.com or Moneysupermarket.com to find the best deal.Switching to budget or supermarket own brands could help you save a third on your food shop, according to Nerdwallet But switching to budget or supermarket own brands could help you save a third on your food shop, according to Nerdwallet.MrsMummyPenny.co.uk“You can save even more by opting for the supermarket’s basic range rather than its luxury products in fancy packaging.6.
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