Half of UK consumers plan to give up a holiday in 2011 in a drive to cut spending, according to a new survey by Which? Switch.
The poll for the Which? gas and electricity price comparison site found that, overall, three quarters of UK consumers plan to cut their spending. Half plan to forego a holiday, and almost half say they’ll curb leisure activities such as cinema trips and eating out. Just over a third plan to hold off on big purchases such as a new TV.
Saving on energy bills
A third of people in the survey said they’d be looking to save money by cutting their energy bills. An easy way to make a big saving is to switch gas or electricity company using our free and independent switching service www.whichswitch.co.uk. The average saving made by consumers in 2010 using Which? Switch was £270.
Of those who said they are most likely to cut back on leisure activities in 2011, 77% will eat out less, 55% will give up cinema trips and 49% will visit coffee shops or pubs less. But £270 saved on energy would buy a trip to the cinema for two every month for a year, or a three course meal for two at a good restaurant.
Tom McLennan, head of Which? Switch says: ‘Saving money doesn’t have to mean sacrificing the things you enjoy. Instead of months of missing out on trips to the cinema, eating out or your morning coffee, you could save hundreds of pounds in minutes by checking that you’re on the cheapest energy tariff.’
If you’re not in a position to change your energy supplier, there are still plenty of ways you could cut down on your energy use. The Which? guide to how to use less electricity has advice on how saving energy in your home could cut £250 off your energy bills.
More tips for seasonal savings
- Sell unwanted presents. If you want to make the most of unwanted gifts, visit Recycleagift.com (from Play.com), which has tapped into the market for unwanted presents. On this site, your unloved DVDs, CDs, books and games can be bought by other users. Last year’s most traded item was Mamma Mia on DVD.
- Use Freecycle. Didn’t get the present you were hoping for? Look on Freecycle to swap gifts for free.
- Don’t leave electrical appliances on standby. By turning them off you save at least £40 a year.
Lower your gas and electricity bills
You can compare energy prices and switch to a new gas and electricity supplier on Which? Switch. People who switched with us between 1 October and 31 December 2013 are predicted to save an average of £234 a year on their bills.
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