What Pensioners Can do to Get by in Winter 2022

Winter 2022 is a challenging time with the cost of living crisis and there are many that are struggling right now. Many pensioners will be having to make difficult de-cisions with inflation making daily essentials more expensive, soaring energy bills and high-interest rates. So, what are some things that pensioners can do this winter to make it easier to manage?

Government Help

First, you should look to see what help you are entitled to. There are a number of schemes that are being deployed to offer support, including the energy bills sup-port scheme, pensioner cost of living payment, winter fuel payments and cold weather payments. Look up to see what you are entitled to so that you can factor this into your budget and ensure that you are getting everything that you are en-titled to.

Options for Homeowners

There are also a few things that you can do to make this winter more managea-ble. You will want to lower your costs, so it is a good idea to start shopping at a cheaper supermarket and buying supermarket own products to keep your grocery bill down. You also want to be selective of your energy usage and find ways to keep your bills down without going cold. A smart thermostat is ideal for increas-ing efficiency and electric blankets can be cheaper to run than having the central heating on. Batch-cooking meals will also help to keep your bills down as you will not have to cook each night.

Another option for homeowners that is worth considering is equity release. An equity release mortgage would allow you to free up cash that is tied up in you property, which could give you some breathing room and help you to improve your standard of living. This will take a lot of the stress out of the cost of living crisis and could help you to lead the kind of retirement that you had originally en-visioned.

Outlook for 2023

It is a difficult time in the UK right now and it is hard to predict what 2023 will look like, especially as there are so many variables at play. It is thought that in-flation will remain high throughout 2023 but start to fall in the second half of the year, so it is important to remain smart with your money in the year ahead and to keep a close eye on any developments.

Many people are suffering right now as a result of the cost-of-living crisis and it can be a worrying time for pensioners. You do not want to go cold and/or hungry, so there are things that you can do to manage during the cost-of-living crisis that should make it more manageable and this post should help