You are here: Home - Household Bills - News -

Brits wasting money on utilities

0
Written by:
03/06/2008

A study by Moneysupermarket shows over two-thirds of adults do not use the same provider for broadband, TV and home phone, meaning they could be wasting £40 every month on standalone products.

Despite triple bundle costs dropping in the last 12 months, the survey shows the majority of those who do have bundled deals haven’t reviewed the costs for at least a year. Three in 10 said they reviewed their deal over a year ago and 23% nine months ago.

Rob Barnes, head of broadband and mobiles at Moneysupermarket, said: “One of the advantages of bundled deals is the amount of money people can save. With providers fighting for new customers and dropping their prices, customers can easily swap onto a better deal.

“Dealing with different providers and organising various bills can be a nightmare. However, with bundled deals you’ll receive just one bill each month making it far easier to keep an eye on expenses. Also if something goes wrong you only need to ring one provider.”

“Over the next year I think bundled packages will continue to dominate the TV, phone and broadband market. We’re likely to see prices become more competitive as broadband providers jostle for greater market share. This will be a huge benefit to customers as they can save hundreds of pounds by bundling products together.”

Moneysupermarket’s top tips for bundling include checking if there is a download cap on the broadband contract, checking the internet connection speed and looking for a deal with free phone calls to save even more money.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

Money Tips of the Week

Read previous post:
Record savings deposits for building societies

Building Societies saw a record savings inflow in April, with deposits hitting £1.8bn.

Close