Martin Lewis urges households to act now as he shares top tips to slash bills in 2025
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Money can be shaved from many bills in 2025, the money expert says. Money guru Martin Lewis has shared a slate of new top tips to help tackle bills in 2025. Energy, water and mobiles are all included, with many options to combat price rises set to come this year.
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Sharing the advice in his annual ‘BillBuster’ series, Mr Lewis says bill payers should act now to secure cheaper deals. Many of the options available at this early stage in the year are likely to be withdrawn over the next few months, so it’s a good idea to plan ahead.
Household bills will increase for most from April, when the new financial year begins. Water and energy are set to bring the biggest rises, while many local authorities are opting to raise council tax by the maximum amount again. Ofgem’s energy price cap rose by 1.2 per cent in January, bringing the average household’s annual bill to £1,738. This followed from a 10 per cent rise in October, with another 3 per cent increase expected in April. Meanwhile, water bills are set to rise by £86 on average following regulator Ofwat’s price review.
Faced with these financial struggles, small changes can make a big difference in keeping costs low. Inflation dipped to 2.5 per cent in December, meaning the cost of everyday essentials is rising less quickly – and sparking hopes that interest rates could soon be cut too.
Here are some of the money saving expert’s top tips to cutting costs this year:. Many energy providers offer fixed tariff packages which secure the rate a household pays for its energy. These deals usually last for year or longer. Switching now will mean lower bill in the future for most households, as sticking with a rate will ensure protection from future price cap increases.
