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Housing Market News And Views 25 Ways To Beat The Credit Crunch

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Date Published:
06/08/2008

25 Credit Crunching Tips

Are you feeling the squeeze? Whether you’re thinking of moving or just doing things around the house, we’ve got 25 money-saving ideas to help you beat the credit crunch.

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A loft, ripe for conversion

1. Don’t Move – Extend

Moving can be really expensive when you add up estate agency fees and stamp duty - plus of course you may not be able to sell your property for the amount you want in the current property environment. Consider an extension or loft conversion instead - an extra room or bedroom can boost the value of your home and means you'll be more comfortable if you do decide to stay put.

2. Insulate

With the price of energy on the up, you could be saving a packet on bills if your house isn't adequately insulated. It's perfectly possible to insulate your loft yourself - have a look at our guide to fitting insulation. If you're prepared to get a bit dirty, the material costs will be around £250 for an average house. This could save a hefty £110 a year, so you'll get your money back within a couple of years.

3. Buy The Right Appliances

If you’re going to fill your kitchen with mod cons, make sure they’re energy-efficient mod cons that will save you money. See our top five eco-friendly appliances for inspiration.

4. Turn Down The Heating

Yes, you've heard this before, but considering the recent upturn in gas and electricity prices, it's worth saying again: turn the heating down by just one barely-noticeable degree and you could save a whopping ten per cent on your heating bills.

5. Make Simple Energy-Saving Changes

...Such as only filling your kettle with the amount of water you need, and, if you’re going to use a washer-dryer, making sure you fill it up, to make it as efficient as possible. (Or better still, dry your clothes on a line. Never mind saving money - on the rare occasions the British weather allows, it’s worth it for the fresh smell alone!)

Want more energy-saving tips? Our guide on easy ways to save energy and money at home will give you a good start.

Check out the mortgage calculator, loans, credit cards & savings comparison tools

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