Is Lockdown Leaving You In The Red?

This is a collaborative post 

Picture Credit: CC0 Licence

As we enter week four of lockdown, many of us are beginning to adjust to this new and crazy reality. We’re just about managing to settle into these gentle days, and are working out what exactly it takes to keep coronavirus from ruining our relationships. Some of us have even managed to master daily exercise to actually improve our fitness levels. But suddenly, another spanner comes into the lockdown works in the form of our finances.

While government assistance prevented many an early financial panic, countless individuals are finding that lockdown is leaving them in the red, even with that all-important 80% payment. Worse, the assumption that you can’t spend anything because you aren’t going out means you might not even notice this happening.

Yet, before you know it, lockdown could leave you at risk of significant debts. As such, you should keep reading to find out why exactly that is, and what you can do about it before it’s too late.

You’re trying to get things done around the home

There isn’t a resident out there who hasn’t done at least a little DIY around the home. After all, there are few better opportunities. The trouble is that, while you can’t head to your local DIY supply store, your online buying options may be limited to expensive choices. As simple as that, two home projects or less could leave you scraping the barrel.

That’s bad news, and it’s an issue you can overcome by getting your head around ways you can still find the cheapest supplies. Something like the codes found on netvouchercodes.co.uk could prove invaluable here, allowing as they do for discounts like 5% off garden fencing and more. Remember, too, that many companies are staying afloat by offering in-house deals. Shop around, and you may find that you don’t need to push the boat out after all.

You’re eating out more

The food buying pandemic of 2020 has also left many of our kitchen cupboards empty. Thank goodness for takeout food, right? As well as helping you to ensure nightly meals, that knock on the door is guaranteed to bring some light to your lockdown. Until, of course, you consider just how much you’re spending. This isn’t a cheap hobby, after all. Even the deals many companies are running right now aren’t enough to stop costs mounting. The solution? Try as best you can to get essential pantry ingredients that you can turn into tasty treats. Don’t be afraid, either, to test out a few fun new lockdown recipes so that you don’t need to contact your local delivery service quite as often.

Your bills are suddenly rocketing

You’re home a lot more than you usually would be right now. And, you know what that means? Everything from your internet usage to your general electricity output is sure to rocket, especially if you’ve been binging on Netflix like the best of them. The good news is that many energy companies are offering some form of relief, so make sure you know what you’re entitled to. It’s also worth trying to cut back where you can. Reaching for a book instead of the remote certainly wouldn’t be a bad thing. Even if you’re still working from home, sites like https://myaccountancyhub.co.uk can help you to understand whether those bills count as business expenses, and could save you a substantial amount.

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