Four steps to save hundreds on bills

When it comes to your finances, loyalty doesn’t pay, says Ruth Jackson. That's why you need to always be hunting for the best deals.

When it comes to your finances, loyalty doesn't pay. Banks, insurers, mobile providers none of them offer the best deals to existing customers. Take action and hunt for the top deals in every aspect of your life and you could save yourself around £3,000 a year, according to comparison site GoCompare.com. Here are the four switches that are likely to make the biggest impact on your finances.

First, take a look at your energy bills a move endorsed by Prime Minister Theresa May, who told the Conservative Party Conference that "it's not right that two-thirds of energy customers are stuck on the most expensive tariffs". Switching energy provider is simple. Take a recent bill, visit a comparison website such as uSwitch.com or EnergyHelpline.com and tap in your usage data.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
Ruth Jackson-Kirby

Ruth Jackson-Kirby is a freelance personal finance journalist with 17 years’ experience, writing about everything from savings accounts and credit cards to pensions, property and pet insurance.

Ruth started her career at MoneyWeek after graduating with an MA from the University of St Andrews, and she continues to contribute regular articles to our personal finance section. After leaving MoneyWeek she went on to become deputy editor of Moneywise before becoming a freelance journalist.

Ruth writes regularly for national publications including The Sunday Times, The Times, The Mail on Sunday and Good Housekeeping, among many other titles both online and offline.