I’m an expert and these are my top TEN tips on how to stay afloat in deepening cost of living crisis

IRELAND and the rest of Europe are gripped by an energy crisis.

On Friday, Bord Gais announced a hammering for homeowners with another substantial price hike.

Daragh Cassidy has provided some tips and tricks to help you save money before a harsh winter

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Daragh Cassidy has provided some tips and tricks to help you save money before a harsh winter
Energy ministers from across Europe, including Ireland's Eamon Ryan, will hold an urgent meeting this Wednesday to address the global surge in electricity and gas prices

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Energy ministers from across Europe, including Ireland’s Eamon Ryan, will hold an urgent meeting this Wednesday to address the global surge in electricity and gas pricesCredit: Alamy

This came the day after Electric Ireland said it would raise prices next month.

Earlier this week, European Commission President Ursula von der Leyen said EU officials are working on an “emergency response” to address the spiraling energy costs ahead of the winter season.

Energy ministers from across Europe, including Ireland’s Eamon Ryan, will hold an urgent meeting this Wednesday to address the global surge in electricity and gas prices.

But in the meantime, what can YOU do to compensate for the excursions?

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In today’s Irish Sun on Sunday, DARAGH CASSIDY, of price comparison site Bonkers.ie, gives some tips and tricks to help you save money before a harsh winter.

On Friday, Bord Gais Energy said gas and electricity prices will rise for the second time this year.

It was the fifth announcement of a price hike by an energy supplier in a week after hikes by SSE Airtricity, Community Power, PrepayPower and Electric Ireland.

We are heading into winter with gas and electricity prices at astronomical levels. And it will get worse.

Most read on The Irish Sun

The average gas and electricity bill is now around 4,000 euros. So how can families try to offset some of these price increases?

REPLACEMENT OF CHEAPER ALTERNATIVES

Irish families spend more on branded groceries than most of our European neighbors. Non-branded alternatives are often just as good and at a lower price.

When it comes to fresh produce like steak, milk, chicken, pork, bread, eggs, and bacon, they often come from the same farm or factory, so you’re just paying extra for the label.

BUY FROM RESALE SITES

Shopping on sites like Depop, eBay, and Refurbed.ie are an easy way to buy cheaper second-hand or refurbished goods.

In addition to saving money, you will be doing your part for the environment. And if you’re looking to make some money, you can sell on some of these sites as well.

CHECK CASHBACK OFFERS

If you’re a Revolut customer, check out their rewards program, which offers cashback across a wide range of brands.

Many people only use Revolut to travel abroad or to transfer money to friends and family.

But if you use your account for daily shopping, you can get your money back on purchases with Tesco, JustEat, Dominos, Nike, Apple, and more.

SWITCH TO A SIM-ONLY MOBILE OFFER

To save on phone bills, look at SIM-only offers with an allocation of data, SMS and minutes per month, instead of a combined phone and SIM plan.

They are generally much cheaper than paid plans, and you don’t have to bear the cost of buying a phone.

REDUCTION OF STREAMING SERVICES

Look at what you signed up for and see if you can reduce.

Remember, there are no subscription fees for any of the streaming services in Ireland. So, if you think you won’t be watching anything for a while, cancel your subscription.

You can re-subscribe when a new show piques your interest.

PLAY HARD TO GET

On some sites, if you visit and then leave without making a purchase, especially if you put something in your cart, you will receive a follow-up email a few days later with a discount code to encourage you to complete your purchase.

So, if you’re not in a hurry, ditch the cart, to see if the site tries to woo your business with some incentives a few days later.

BUY LATER

Most supermarkets discount meat and fruit at the end of the day at the end of each day. So, popping into your local grocery store late in the evening and heading to the discounted section could get you some cheap food.

POWER SWITCH

Despite the rise in energy prices, switching suppliers still holds true. Most still offer big discounts of up to 40% or more for a year to new customers to entice them to switch.

This is the year you don’t want to overpay for your gas or electricity.

SHIFT YOUR ENERGY USE

If you have installed a smart meter or a night meter, see if you can move your consumption to cheaper times of the day and night.

Some smart rates offer free electricity on certain weekend days, while nightly savings meters offer up to half the price of electricity between 11pm and 8am in winter (midnight and 9am in summer).

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USE LESS ENERGY

And best of all, remember that making even small changes can increase. Make sure you don’t overfill the kettle.

Cope with drafts. Take shorter showers. Turn down the thermostat. Unplug appliances at night. Use colder washes – at 30 ° C.

The average gas and electricity bill is now around 4,000 euros

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The average gas and electricity bill is now around 4,000 eurosCredit: Getty Images – Getty
Irish families spend more on branded groceries than most of our European neighbors

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Irish families spend more on branded groceries than most of our European neighborsCredit: Getty Images – Getty

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