Save Energy, Save Money
Debt solution

One way of managing your debt is to try and reduce the money you are wasting needlessly - check out our solutions to save energy and see how you can save money.

Nobody in their right mind would keep themselves warm by burning £200 worth of notes. But every year, that's how much the average household wastes because they're not being energy efficient.

If you have financial difficulties it is even more important to try and claw back every penny. Finding a debt management solution is not just about consolidation loans or IVAs but are also about ways of managing your lifestyle and handling your finances wisely.

Shop around

Like all services from mobiles to insurance, you should shop around to find the best deal out there. Switching service providers can save you money. It takes time to research competitive products, but it is time worth spending if you want to find a solution to debt management.

Long-term savings

If you plan to live in your house for the long haul, then you should seriously think about investing in making your home energy efficient. A smart debt management solution should be about forward planning as well as fixing short term financial problems.

Ways to cut the cost

• Windows - investing in double glazing is a way of reducing heat loss with the added bonus of reducing noise pollution.
• Insulation - the best cost-saving measure in the long term. A third of heat is lost through poor insulation or no insulation. It can cost on average £300 but the annual savings will mean it will pay for itself within three to five years.
• Investing in appliances with the Energy Efficiency Recommended logo.
• Insulate your loft.
• Insulate your hot water tank. It could reduce heat loss by 75%.
• Keep draughts in check and stop heat escaping through cracks in doors or windows.

Debt Management Solution

When you are looking for a debt management solution, investing money now to save money in the future isn't always an option. But there are still things you can do that won't cost anything, but will save you money.

1. Energy efficient light bulbs can last 12 times longer than ordinary light bulbs.
2. Drawing the curtains can help stop draughts at night time.
3. Turn down the thermostat by one degree. It could cut your heating bills by up to 10%.
4. If you are making a cup of tea, don't fill the kettle to the top.
5. Take showers instead of baths, a shower uses around two fifths less hot water.
6. Don't leave computer or TV screens on standby and turn lights off if you are not using that room.
7. Use cooler water settings on your washing machine, and if you have less than a full load, make sure you switch to the half-load setting.

For advice about the most suitable debt management solution for you, visit MRA Debt Help at www.mradebthelp.co.uk or call 0800 612 92 23.

For independent financial advice, visit our sister company, Mike Robertson Associates, at www.mraltd.com. You can email an independent financial adviser for professional help, or call 0870 803 1995.

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