After benefitting from several years of low NatWest interest rates, my fixed rate is over and I am reverting to the Standard Variable Rate. I don’t have enough equity to remortgage and I am skint. My mortgage, after snugly fitting in with my lifestyle and life plans, has grown teeth. I can’t earn more money than I do so… whoop whoop; not… I have had to go on an economy drive. I began by cutting back on the most common (meaning fun) things such as eating out and extras in monthly shops but found that it just wasn’t enough to fill the deficit that I face. It is a bit of a nightmare but what can you do. I have become conscious about everything; not least my energy bills. I have gone on a mission. A mission to save, save and save some more… Here is what I found out about energy.
Compare Offers Online
I find that if you’re going to secure a tariff, doing it online is your best option for saving on your energy bill; plain and simple. Online comparisons are everywhere these days. Agents and brokers to help you with your switch crop up whenever you run a search for anything energy related. I get annoyed by it all but I guess if it wasn’t everywhere there would be less competition and we wouldn’t be able to get such good deals.
Different Fuel Offers
- Single fuel – These tariffs are for those that wish to get their gas and electric from different suppliers. For households that don’t have a gas pipeline, you may end up having to go with a single electricity plan.
- Dual fuel – Over the past few years, this has become a very popular tariff, especially because energy companies have been trying to offer lots of incentives to keep loyal customers. With a dual fuel system, your gas and electric will come from the same supplier. This is usually how you end up saving big as they are able to offer you great packages for all energy in your home.
Going Green and Reducing Consumption
The teeth are still sharp so I am getting efficient around the home. Doors are shut, thermostat is turned down, washing machine is always run full, chimney is blocked off, the roof is insulated (courtesy of the Government , the lights are only on when they need to be, the freezer is defrosted and I still have a list of a dozen other things to do or start doing.
I m gradually blunting the Mortgage Teeth. I am gradually getting my spending in line with my earnings. It isn’t easy and it takes sacrifice to own your own home. At the end of the day with responsibility must sometimes come sacrifice; well what else am I going to do?
I could still do with more tips to save some cash around the home. Any ideas anyone?
- License: Royalty Free or iStock source: http://office.microsoft.com/en-us/images/results.aspx?qu=teeth&ex=1#ai:MC900444801|
Phil Turner has great sympathy for anyone trapped by the NatWest interest rates change on current accounts. People would have been counting on those few pounds to pay their bills and without them even more will be struggling to make ends meet.