Savvy savers making the cut

Grocery prices are going up while supermarkets ditch special offers – so it’s no wonder millions of families are feeling the financial pinch at the checkout.

Supermarkets have ditched popular promotions such as buy one, get one free, to ensure that shelves are not stripped bare. But parents are feeling the squeeze with prices increasing by 3.1%.

Figures from market analysts at Kantar reveal in February, 31% of sales were promotion-based. This dropped to 25% in April, and then to 17% in May due to the number of offers being slashed.

Meanwhile, workers have suffered wage cuts and redundancy due to coronavirus, around 1.8 million householders have taken a mortgage holiday, and 1.5 million have taken a credit card and personal loan holiday.

STRUGGLE

Citizens Advice tells us that 11 million people are struggling to keep on top of household bills and have either missed or will fail to make a payment soon on rent, council tax, mobile phones and broadband bills.

No wonder then that parents are feeling the strain of keeping households running on limited budgets with a higher cost of living.

That’s why we’ve compiled a brilliant guide to give you our top 10 tips on how to save money across the board.

We’ve also spoken to a mum-ofone, left, about how she changed her weekly shop dramatically to cut back on spending but still rustles up a series of tasty lunches and dinners that break away from the boring and predictable.