With costs rising across the UK, many older people are looking for reliable ways to manage their money and reduce household expenses. Finding help with the cost of living can make a meaningful difference, especially when energy bills, food prices and daily essentials continue to increase. This guide brings together clear, practical advice to help you feel more in control of your finances during these challenging times.
Advice to Help with Energy Bills
No one wants to pay more than necessary for their energy. Understanding what support is available – and how to use energy more efficiently – can make a real difference to your monthly bills.
Government help for energy bills
There are several forms of financial support available to help you manage rising energy costs. These can include discounts on your bills, seasonal payments during winter, and protections such as the Energy Price Guarantee. Knowing what you’re entitled to ensures you’re not missing out on support that could ease pressure.
Energy saving tips
Small changes around the home can lead to significant savings. Simple steps such as adjusting heating habits, improving insulation, and using appliances more efficiently can help lower costs throughout the year.
Saving money on water bills
Alongside energy costs, it’s also possible to reduce water bills. Switching to a water meter, accessing social tariffs, or using water-saving devices can help cut costs for many households.
Boosting Your Income
Many people assume they aren’t eligible for extra financial support, but thousands miss out every year. If you qualify, these payments are your entitlement — and they can make a meaningful difference.
Pension Credit
If you’re over State Pension age and on a low income, Pension Credit can top up your weekly income. Many people who qualify don’t realise they’re entitled to it, so it’s worth checking your eligibility.
Attendance Allowance
If you have an illness, disability, or need help with daily living, Attendance Allowance could provide extra financial support. It is not means-tested and could help towards the additional costs of managing health needs.
Warm Home Discount
This one-off winter payment offers extra help with the cost of energy during colder months for those who qualify.
Managing Your Money
If you’re struggling to stay on top of your finances, you’re not alone. There are practical steps you can take to feel more in control.
Pensions advice
Understanding your pension, tracing lost pots, or knowing your options for accessing funds can help you plan more securely for the future.
Scams and fraud advice
Financial scams are becoming increasingly sophisticated. Learning how to spot the signs of fraud and how to protect your money can help you stay safe.
Debt advice
If debt is becoming difficult to manage, it’s important to seek support early. There are organisations and resources that can help you make a plan and regain control.
Looking After Your Health During Financial Pressure
While it’s normal to seek ways to save money, it’s important not to compromise your health or wellbeing.
Top tips for staying well
From staying warm safely to recognising signs of stress, there are simple steps that support your physical and mental health while navigating financial challenges.
Your mind matters
Worries about money can affect your mood, sleep, and daily life. Reaching out for guidance, speaking to others, or exploring wellbeing resources can provide reassurance and support.
