Is there anything you are doing to prepare for how the economy is going?
We have got a 10 yr fixed rate mortgage deal and are putting everything towards paying down debts asap. We did get solar panels, although that was a stretch for us and is part of the debt we are now paying off.
I feel like I'm mulling over the economy and how things will impact us quite a lot. What else are you doing to ensure stability/cushion yourself?
Preppers
Prepping for cost of living crisis/worsening economic situation.
BooksAndChooks · 22/06/2022 12:28
BooksAndChooks · 22/06/2022 22:52
Solar panels working out well. I think our electric bills are down by about 3/4. We have a solar water heater so excess electricity goes to heating our water. It means we have been able to totally turn off our oil, previously we would have had it on for an hour a day even in the summer so we can shower.
It will be interesting to see how they perform in the autumn and winter.
BooksAndChooks · 23/06/2022 13:17
Yes, our usage is reduced by 75%. We don't have a battery so we still use some electric from the grid to run appliances overnight and when it's very overcast. We try to run our dishwasher, washing machine etc when it is sunny. We have only had them a few months, so are still getting used to them.
SusieSimpleman · 22/06/2022 12:50
- Cut my days in the office from 2 to 1 day per week (fuel cost)
- Moved Dc3 from private afterschool nursery to school ASC (saving £16 per week)
- Gone through finances with a fine toothcombe - cancelled Now TV, reduced Netflix, moved to a cheaper broadband deal, switched our insurance etc.
- Given the house a good going over for energy efficiency - DH has just finished replacing all the external seals on windows and doors and we've installed a new washing line which will stop tumble dryer use.
And saving every spare penny we can.
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BooksAndChooks · 23/06/2022 19:23
I am not sure what make ours are. They are newer all black ones.
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