Tag: cot of living crisis

How to feed your kids on a budget this half term

With food prices going through the roof, parents and carers are being provided helpful ways to feed their children on a budget during half term.

The frugal experts at NetVoucherCodes.co.uk have looked at affordable ways to plan family meals throughout the week-long break.

Many supermarkets, pubs and restaurants are once again offering free or discounted meals for children but there are also ways to help reduce the cost at home.

Going meat free, doing a family meal plan and having a fun picky tea are among the tips for savvy parents.

Ellie Macsymons, online consumer expert from NetVoucherCodes.co.uk said: “We wanted to give parents a helping hand during this half term.  Many will feel the pinch of rising food costs in their weekly expenses.

“There are numerous schemes available during the week holiday with a wide range of pubs and supermarket restaurants offering special discounts for kids to eat out.

“But we also wanted to provide simple ways for parents to save money on making meals at home for their children during the holidays.”

Here are NetVoucherCodes.co.uk’s budget-friendly ways to feed your kid on a budget this half term:

Picky tea

This is all about taking what you find in the fridge, freezer and cupboard and turning it into a help yourself meal. There could be some leftover chicken, oven chips, a few fish fingers – anything goes. Also means avoiding a last minute dash to the supermarket to pick up something for dinner.

Shop around for half term deals

If the local supermarkets are near one another, visit each store to work out which has the best offers. There could be some decent half term deals on.

Discounted pub meals

Local pubs are providing a variety of discounts for kids to eat cheaper this half term. Head down and find out which are available.

Cheap meals at supermarket restaurants

Just like during the summer holidays, many supermarket chains are offering further discounts on kid’s meals to help with the rising food costs. Have a look at who’s offering what.

‘Once a week’ rule

Set some time aside for a family meal out by using the ‘once a week’ rule where you either dine out weekly or you get a takeaway of your choice as a family treat. This way you can plan around your food shops so less food will be wasted.

Social media budget recipes

Everyone has a favourite social media recipe which has become a weekly make. But if you’re unsure of any meals which can be added to your cookbook, explore social media apps for simple recipes which will cost less than a fiver to make.

Family pizza making

Instead of the Saturday night takeaway, try making your own homemade pizzas. It’s a great way to get kids in the kitchen too and experiment with making their own food.

Family meal plan

It’s best to be organised when planning meals to save the extra pennies. To make this more creative, mark each day with a different colour pen and decorate with stickers when it’s time for a special dish or a day when you’re dining out.

Try veggie days

Meats typically cost the most on weekly meals. If you decide to swap the meat for veggie choices it can save around a third on select meals during the week. Have a look at meals which don’t involve meat or try out some delicious veggie options for half the price.

For budget-friendly ways to feed the kids during half term, head over to NetVoucherCodes.co.uk.

How to reduce stress in the face of a cost-of-living crisis

The lingering stress of the cost-of-living crisis weighs heavily on the shoulders of many, and with temperatures dropping, food prices skyrocketing, and Christmas credit card bills arriving, it is bound to have an added impact on the stresses of everyday life. 

Therefore, people up and down the country are looking for tips and tricks to ease and eliminate as much stress as possible.

CBD experts Simply CBD have revealed some tips that will help encourage stress relaxation and a stress-free routine that you can implement into your weekly routine. 

New analysis reveals that searches in the UK for ‘reduce stress’ increased by 216% over the past month, proving just how desperate we are to find solutions for feelings of overwhelming stress.

In fact, searches for ‘is stress normal’ has seen a huge 635% increase over the past month in the UK, showing just how concerned people are about stress levels and how they can impact their health.

Self-care

Being mindful of your own needs is essential and focusing on self-care will help reduce stress and anxiety tremendously. Some forms of self-care include maintaining a balanced diet and sustaining a healthy sleep schedule but indulging in pampering is often overlooked.

Pampering doesn’t have to break the bank. Forget spa days or trips away; you can easily indulge in pampering at home:

  • Take a hot bath or shower.
  • Pop on a face mask and read your favourite book – time away from blue light from your phone also helps relax the mind.
  • Light some candles and listen to a meditation podcast.
  • Treat yourself to your favourite home-cooked meal (or take away if you prefer!).

Exercise

Although the thought of exercise can sometimes be exhausting, with long workdays feeling tiring enough, finding the time to get a good workout in can often be the release from a lot of pent-up stress.

Sometimes getting past the mental barrier of doing physical activity is the only thing holding you back from releasing tension and endorphins, aka the body’s natural painkillers.

The exercise doesn’t necessarily need to be intense, and there are many options when it comes to fitting in an hour of increased heart rate:

  • Go on a walk – Whether with friends, family or just by yourself, getting out for some fresh air and moving your body will work wonders.
  • Take part in a local exercise class – there are many different options, such as low intensity Yoga and Pilates, which are great options if you don’t want to do an intense workout.
  • Take part in an online exercise class! – if physically leaving the house to exercise fills you with dread, you will be pleased to know there are thousands of online classes and pre-recorded free videos of workouts that you can do in the comfort of your own home.

Listen to music

Listening to music gives the brain a total workout, and we all know how vital brain health is. By listening to music, you can:

  • Reduce blood pressure.
  • Improve memory.
  • Reduce anxiety.
  • Improve sleep quality.

Not only can it reduce stress, but it can elevate moods and clear the way for emotional expression; this is why it is great that there are so many genres of music to choose from; just pick whatever gets you out of a funk and makes you feel good!

Experiment with hobbies

By experimenting with hobbies that you might have put on the back burner, you are allowing your body to remind itself of something you enjoy and take pride in. Hobbies are a great distraction and can be the perfect way to relax and forget about the stresses of everyday life.

If you’re struggling to think of a hobby, it’s never too late to find one! By making a list of all the hobbies you would love to try, you are already one step closer to expanding your knowledge, widening your range of skills, keeping your brain working and mind off all things stressful.

Turn the phone off and stay off social media

In a world dominated by technology, we have everything at the push of a button, making it hard to imagine life without it, but keeping so up-to-date and caught up on social media can sometimes be exhausting and lead to unhealthy comparisons.

By turning off your phone or limiting the time spent on social media, you can shut off the constant updates and remain solely focused on other things that might bring you joy. Instead of getting distracted by technology, you could be reading your favourite books, spending time with family and friends, giving yourself a well-deserved pamper or just taking a nap, whatever relieves stress from your day!

Shrinking Safety Nets: Working families raid savings to meet the demands of rising living costs 

  • The average working household has £2,400 in savings –  the equivalent of less than a month’s worth of basic expenses
  • Over half of all savers say they will fall back on their rainy-day funds to meet rising living costs
  • Working families estimate they need £12,100 in the bank to feel financially secure but less than a third of households have this set aside
  • It would take the average household three years to put aside the desired financial safety net

One in four working households with savings (28%) have started dipping into them to meet rising living costs, according to a report from Legal & General. A further 30% anticipate they will need to do so in the next year.

With consumer prices 10.1% higher in July 2022 than a year before2, and with annual household energy costs set to rise to an average £2,500 in October 20223, many households will likely have to rely even more on the money they have tucked away. This could see household savings built up during the pandemic lost.

The average working household currently has £2,400 in savings. However, this equates to less than a month of basic expenditure for the average family, if they lost their income and were pushed to rely on their savings.

Financial security under threat

To feel financially secure, households estimate they need £12,100, or nearly five months worth of basic household expenses, set aside. However, only three in 10 working households (30%) have this set aside, and pressure to dip into savings will likely see this number fall.

Based on current savings patterns, with the average working household saving just over £300 a month, it would take three years to reach the desired financial safety net, and nine years to put aside a year’s worth of essential spending. However two-thirds (64%) of all households that currently save have either already decreased or stopped their savings habit altogether (31%), or expect to have to do so (34%), due to increased living costs.

No safety net for some

There is also a growing number of people who cannot put aside any money; nearly 1.9 million households have no money left at the end of the month, an increase of 330,000 since 2020.

This is likely why 16% of households have no savings at all in case of emergency.

“With the cost of basic essentials on the rise many households will find themselves having to make difficult choices and dipping into savings  is likely to become more common. This is a far cry from the five-month financial safety net that people hope for”, said Bernie Hickman, CEO, Legal & General Retail.

“It can be concerning for people to feel like they have nothing to fall back on in times of difficulty. While dipping into savings is inevitable for some,  there are also steps people can take to try to control their costs as much as possible by checking their regular outgoings and subscriptions, shopping around for discounts and deals and by making sure they are taking up free financial guidance services like MoneyHelper.

“To help people better understand their money and make informed decisions, we have put together a financial safety net content hub to help people find free tools and resources.”

New Leadership group set up to help the retail sector

Cost crisis high on the agenda

A new group established to help Scotland’s retail sector as it recovers from the pandemic has discussed soaring energy costs and the impact of Brexit.

At its first meeting, the Retail Industry Leadership Group (RILG) also considered how to deliver the Scottish Government’s Retail Strategy and began drafting priorities to help businesses grow.

The Group is co-chaired by the Minister for Public Finance, Planning and Community Wealth Tom Arthur and the Chief Operating Officer of the John Lewis Partnership, Andrew Murphy. It comprises senior business representatives, trades unions and industry groups.

It will work with the Scottish Government to help the retail sector meet current and longer term challenges while becoming stronger and more resilient. Fair Work and achieving Net Zero goals will underpin the group’s work.

Mr Arthur said: “This first meeting of the Retail Industry Leadership Group was timely given the cost crisis we are facing and allowed us to learn more about the impact on retail businesses, staff and customers. Implementing the Retail Strategy can help the sector seize opportunities, deal with longer term trends, and recover from immediate challenges.

“There is no single solution to helping retailers so, as we approach a challenging winter, it is essential the response from government at every level happens at speed, to address the nature and magnitude of the emergency.

“We support calls from businesses for measures related to energy prices, VAT reduction, staff shortages and handling business loans – direct support which falls within the reserved responsibilities of the UK Government.”

Co-chair and Chief Operating Officer of the John Lewis Partnership, Andrew Murphy said: “I was encouraged by the positive and collaborative nature of our discussion. Given the scale and nature of the collective challenges we are all facing, this is both timely and vital.

“There was a shared concern around the impact inflation is having on suppliers, employees, customers and our communities through the current cost of living crisis. It is clear that both retailers and the Scottish Government continue to work hard to find ways to provide more support where they can.

“I’m excited by the evident enthusiasm of the Leadership Group to drive forward the implementation of the Retail Strategy. Fair Work, the skills agenda and the importance of retail in delivering high quality town and city centres are uppermost in our minds as we look ahead to the next few months.”

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