{"id":13000,"date":"2024-02-20T18:02:15","date_gmt":"2024-02-20T12:32:15","guid":{"rendered":"https:\/\/www.universityliving.com\/blog\/?p=13000"},"modified":"2025-02-12T13:08:38","modified_gmt":"2025-02-12T07:38:38","slug":"how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom","status":"publish","type":"post","link":"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/","title":{"rendered":"How to Tackle the Rising Cost of Living in United Kingdom?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#Why_is_the_rising_cost_of_living_in_the_UK\" >Why is the rising cost of living in the UK?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#Here_are_a_few_questions_and_answers_with_pointers_based_on_how_to_tackle_this_issue\" >Here are a few questions and answers with pointers based on how to tackle this issue:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#Asses_your_spendings\" >Asses your spendings<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#Know_what_youre_paying_for\" >Know what you&#8217;re paying for<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#Pay_off_any_credit_in_a_smart_way\" >Pay off any credit in a smart way<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#How_do_you_deal_with_rising_costs\" >How do you deal with rising costs?&nbsp;<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#Cook_meals_at_home\" >Cook meals at home<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#Mind_your_bills\" >Mind your bills<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.universityliving.com\/blog\/student-finances\/how-to-tackle-the-rising-cost-of-living-in-the-united-kingdom\/#How_is_the_UK_government_tackling_the_cost_of_living_crisis\" >How is the UK government tackling the cost of living crisis?<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>The United Kingdom is already quite an expensive country, and the rising cost of expenses makes it harder for most students. But, nevertheless, do not lose hope, these are the ups and downs that are part of the economy. Life has to move on and you need to focus on your studies. Leave the rest to us to guide and help you in combating this issue of the rising cost of living in the UK.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_is_the_rising_cost_of_living_in_the_UK\"><\/span><strong>Why is the <\/strong>rising cost of living in the UK<strong>?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Due to the rise in the price of goods and services and NI, combined with increase in tax,\u00a0the household budget is tighter than ever to make ends meet. The inflation rate including high prices of oil and gas coupled with short staff supplies gives rise to the cost of expenses in the UK.\u00a0<\/p>\n\n\n\n<p>So, when companies are charged with high operating costs, it results in a knock-on effect on consumers.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Here_are_a_few_questions_and_answers_with_pointers_based_on_how_to_tackle_this_issue\"><\/span><strong>Here are<\/strong> <strong>a few questions and answers with pointers based on how to tackle this issue:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>How do you manage the cost of living crisis in the UK? <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Asses_your_spendings\"><\/span><strong>Asses your spendings<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>As a student, your main spending must be on tuition fees, <strong><a href=\"https:\/\/www.universityliving.com\/united-kingdom\/city\/london\" target=\"_blank\" rel=\"noreferrer noopener\">accommodation in London<\/a><\/strong>, books, travel, and food. These are the necessities in life, so try to stick to spending on the basic requirements. If you can cut down on shopping for clothes or even spending on eating out or going out to the entertainment scenes. Check out where your main spending is, this way you will know the main cost. If you know these areas, you can keep a certain budget just for it and cut off on unnecessary spending. The end goal here is to create a budget and reduce your spending.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Know_what_youre_paying_for\"><\/span><strong>Know what you&#8217;re paying for<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Go through your bank statements as they are the financial proof that will give you all the details on your spending. First and foremost,&nbsp; check on any paid subscriptions, and if you no longer need them, cancel them right away as you may forget later. So, do not procrastinate on these as they can take off a good chunk of your money. While you are on this, it\u2019s best to do it in an instant! Next, go through your existing policies like your bills, insurance, and even any form of phone contracts. Review when the policies are coming to an end and stop them or negotiate on the price. Click off any auto-renew button on your devices.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pay_off_any_credit_in_a_smart_way\"><\/span><strong>Pay off any credit in a smart way<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Being a student comes with a lot of financial burden on your parents, most of you have received financial aid, yet it covers only tuition fees. The other expenses are still heavy, especially in a place like the United Kingdom. So, if you have any loan, best to pay it off smartly and cut off on those high interest rates. On the other hand, if you have a credit card and pay for <strong><a href=\"https:\/\/www.universityliving.com\/united-kingdom\/city\/derby\" target=\"_blank\" rel=\"noreferrer noopener\">student accommodation in Derby<\/a><\/strong>, &nbsp;the 0% balance transfer credit card might be a cost-effective option to save your money.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_do_you_deal_with_rising_costs\"><\/span><strong>How do you deal with rising costs?&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Take a shared living student accommodation<\/p>\n\n\n\n<p>Whether you are seeking <strong><a href=\"https:\/\/www.universityliving.com\/united-kingdom\/city\/birmingham\" target=\"_blank\" rel=\"noreferrer noopener\">Birmingham student accommodation<\/a><\/strong> or anywhere else in the UK, a shared room or student apartment with shared rent might lower the cost of living per month in uk.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Cook_meals_at_home\"><\/span><strong>Cook meals at home<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>You can shop for groceries and cook meals at home as it can save you more than the one-time cost of a meal at a restaurant, etc.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mind_your_bills\"><\/span><strong>Mind your bills<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>If you are staying in&nbsp; <strong><a href=\"https:\/\/www.universityliving.com\/united-kingdom\/city\/manchester\" target=\"_blank\" rel=\"noreferrer noopener\">Manchester student accommodation<\/a><\/strong>, then you may be in luck as the bills are usually covered. Otherwise,&nbsp; turn down anything you do not need and save energy.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_is_the_UK_government_tackling_the_cost_of_living_crisis\"><\/span><strong>How is the UK government tackling the cost of living crisis?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The UK government is working on initiatives and providing a one-time cover cost of living for those who are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Citizens with disability<\/li>\n\n\n\n<li>This means on a test benefits<\/li>\n\n\n\n<li>Receive the winter fuel payment<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The United Kingdom is already quite an expensive country, and the rising cost of expenses makes it harder for most students. But, nevertheless, do not lose hope, these are the ups and downs that are part of the economy. Life has to move on and you need to focus on your studies. Leave the rest [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":13002,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[975],"tags":[229],"class_list":{"0":"post-13000","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-student-finances","8":"tag-united-kingdom"},"_links":{"self":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/13000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/comments?post=13000"}],"version-history":[{"count":0,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/posts\/13000\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media\/13002"}],"wp:attachment":[{"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/media?parent=13000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/categories?post=13000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.universityliving.com\/blog\/wp-json\/wp\/v2\/tags?post=13000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}