MoneyAware news: August 2017

posted by in Debt news

What’s everyone talking about in the world of debt and money? Here’s a round-up of the most important news this month…

electricity meter in a homeRising electricity prices

British Gas announced that from 15 September they’ll be raising electricity prices by 12.5%. They revealed 3.1 million customers will be affected by the increase. Gas prices aren’t affected but if you’ve got ‘dual-fuel’ with them you’ll see a price rise of around 7%.

If your bills are likely go up as a result of the rise, read our tips on saving money on electricity. Or, is now the time to switch utility providers? You can even switch suppliers if you’re in arrears or if you rent.

shopping receipts on a tableChallenging the tampon tax

Sanitary items like tampons, pads and liners currently have what’s called a ‘tampon tax’ as they’re classed as luxury items rather than essential ones.

In response, two supermarkets have decided to pay the tampon tax on behalf of their customers, making the items around 10p cheaper. It might not sound much, but it adds up.

If you want to reduce your essentials spend even more, take a look at our tips on buying beauty essentials on a budget.

student with a laptop looking worriedStudents: money and mental health

A report by Save the Student revealed that half of university students are suffering mental health problems because of money issues. Many also say it’s taking a toll on their relationships.

If this sounds familiar to you, whether you’re at university or a student of life, as part of our partnership with The Mental Health Foundation we have a page on our website to help you take control of your debt and stress at the same time.

man carrying two plastic bagsUnexpected baggage

Tesco announced they’re saying goodbye to their 5p single-use carrier bags at checkouts across the UK. From 28 August, you’ll only be able to buy the 10p ones – so remember to take your ‘bags for life’!

If you want to save yourself a few more pennies at the supermarket, we found 7 ways to save on your food budget to keep your weekly shop on track.

a pound coin standing on its sideGenerous tooth fairies

The amount left under kids’ pillows by the tooth fairy has increased 4.9% in the last year. How’s that for inflation? Most children get £1 per wobbly tooth, which we think is perfectly fair.

Wondering how to help your little ones understand one of life’s most important lessons? Read our practical tips on how to teach your kids about money.

Have you been affected by any of the issues in these stories? Need more help and support? Tweet our team @MoneyAware or get free and impartial online debt advice.

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