BEAT PRICE HIKE DAY: HOW TO MAKE THE MOST OF NOW DURING YOUR EXTRA TIME AT HOME

  • April 1st is Price Hike Day where the cost of everything from TV subscriptions to phone bills goes up
  • 71% of us could benefit financially if we did not put off life admin
  • On average 16-24 year olds wait 5 weeks to cancel an unused subscription/membership compared to 45-54 year olds who normally wait 4 weeks

With many of us now working from our homes, we have plenty of extra opportunity to manage our day more efficiently and effectively, getting all the jobs we need to do done. In particular, those annoying life admin tasks we put off and delay.

Balancing work or childcare with life admin is a constant battle, with household chores piling up and never-ending tasks yet to be completed. In fact, finding yourself overwhelmed with to-do lists and procrastination is not uncommon.

However, with the daily commute, taking the kids to and from school, sport and other evening events off the menu for now we find ourselves with extra hours in the day.

One way to gain a sense of accomplishment is ‘life decluttering’- with many reporting a sense of achievement (31%) or fulfillment (16%) and one in eight reporting improved anxiety levels.

Many of us admit we put off doing the simplest of tasks that could save us time and money because of tiredness (21%), forgetfulness (20%) and a perceived lack of time (17%).

So now could be a good time to look at your bills and see how you can save money with Pay TV providers, streaming services and mobile operators potentially increasing charges in line with RPI or some such measure on price hike day.

Getting on top of these areas allows us not only to feel in control but also savour the accomplishment of saving money and getting value while also culling services you do not actually need.

On average, each person could also be saving up to £500 a year, if only we got down to the nitty gritty earlier. In fact, research from Freeview found that 71% of us could benefit financially if we did not put off life admin.

On average 16-24 year olds wait 5 weeks to cancel an unused subscription/membership compared to 45-54 year olds who normally wait 4. Scots wait the longest, over 5 weeks, while people in the North East only wait 3 weeks to make sure they do not pay a penny more than necessary. Brighton is the savviest UK city only waiting 2 weeks compared to people in Bristol who hold out 5 weeks before switching.

April 1st is normally when prices hike so it’s time to take a closer look at their outgoings, weed out extra costs and save money. A quarter of us (25%) say an instant monetary reward would incentivise us to become more on top of life admin.