Thursday, 26 April 2012

UK in Double Dip Recession

So, it's official. We're in recession. Again. In spite of everything that's been said and done, in spite (or should that be because?) of the austerity measures a decline on 0.3% in the first quarter of 2012 means we've hit a double-dip recession, we've super-sized the slide and ordered extra fries on the side.

Oh dear. If, like me, you've got a family to run things aren't going to be easy. But there are strategies you can employ and there is help to be had. One source of money-saving tips, advice and assistance is My Family Club and they're giving away a free e-book packed with advice for balancing the family budget and making what you have to spend go further. Written by Debbie O'Connor (@motivatingmumuk) it contains suggestions for keeping control of your shopping, strategies for saving money by couponing and a host of self-assessment questionnaires and tools to give you a better understanding of your spending habits. And - like membership of My Family Club itself - it's free!

To receive your copy, I'd like you to share your money-saving tips. Leave a comment with just one - your best - piece of recession-busting wisdom and the book is yours. Only, do make sure you don't sign in anonymously as I'll need to be able to email you the book by return.

Oh, and if anyone has any tips for George Osborne too I'm sure he'd be very grateful. Looks like he needs all the help he can get.


This post is sponsored by My Family Club - money saving for families made easy.

4 comments:

  1. Personally I have found the recession to be a good thing...for us. If you have a secure job, it seems that the recession is a good thing - decent offers in the supermarkets as they fight for customers, plenty of other discounts across the high street etc.

    For those without a job it is a totally different story though. My dad was made redundent about a year or so ago and is still struggling to find a job now.

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  2. I suggest going shopping once a week and make do with what you buy (including snacks). No slipping out to the shops mid-week to top up.

    Residual income can be made for those who need it and help out during these difficult times. Anyone who wants ideas on that can email me (sarah at sarahhague dot com).

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  3. Someone told me a tip for curbing spending once: only pay with cash. Take out of the bank what you have budgeted for the week on Monday and only spend that. A bit difficult if like me you do your big food shop online, but you can always deduct that from the spend. (Would leave me with about £5-00 for the week I think…one latte per week it is then.)

    Great piece, although I don't always believe the statistics. When working in industry as an accountant, filling in government forms on turnover and profitability etc. was on the bottom of my list and was hastily put together. Also figures always lag behind at least six months, so looking at it from this perspective, we are now on the up. (I'm an optimist)

    Helena xx

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  4. Definitely plan meals and only buy what you need for those meals.

    Also - get over not wanting to shop second-hand. Why pay retail prices for kids' clothes when they won't fit the following year? Seriously - have a look in your local charity shop. You won't find the latest fashions but when you need the basics, it's all there.

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