Natasha Cummings – South East manager for the Money and Pensions Service (MaPS) – offers some guidance on the help that’s available from MoneyHelper – MaPS’ government-backed money-guidance service.
Petrol prices
There have been big increases in the cost of petrol over the last couple of weeks.
If you need to fill up, you can compare fuel prices on sites such as Confused.com and PetrolPrices.com by entering your postcode.
If you’re over 66, you might be able to travel on public transport for free or get discounted rates.
Energy rates
If you’re on a default tariff for energy, your bills should remain stable until July, but the next price cap is likely to be significantly higher.
There aren’t many fixed deals available for lower than the price cap, but you might still choose to fix your contract, so you know how much your bills will be for the next year.
Read MoneyHelper’s guide on what to do if your energy bill is high.
Travel insurance
If you have a trip booked to the Middle East, or with a connecting flight in the Middle East, you might no longer be able to go or you might find it hard to find travel insurance.
Read about your rights if your holiday is cancelled or you want to cancel it yourself on MoneyHelper.
Mortgage rates
You may have noticed that some mortgage providers have taken some of their best deals off the market, which might be worrying if you’re thinking about getting a mortgage or remortgaging.
The Bank of England base rate stayed the same at the last announcement.
If you have a variable mortgage, your payments won’t have changed.
The next base rate review is at the end of April.
Rates for new fixed-rate mortgages might get more expensive due to global events.
There are lots of things to consider when looking for a mortgage.
MoneyHelper’s guide can help you understand different types of mortgages and their interest rates.
Budgeting
A budget can help you plan and manage your spending on everyday items.
Use MoneyHelper’s free budget planner to get an overview of your money and see if there’s anywhere you can cut back.
Maximising your income
There can be ways to make your income go further or to boost your income.
MoneyHelper’s Cost of Living Hub can help you find out if you can claim payments or benefits, and access emergency help.
Visit MoneyHelper.org.uk for free and impartial money guidance.
