Benefits cuts, higher taxes and higher living costs is making household coffers pinched by the tune of £1,050, according to PriceWaterhouseCoopers.
And while we can't help those things, we can beat the squeeze by using some saving savings techniques.
Switching energy and utility providers could help you make massive savings. Use comparison websites like EnergyHelpline to help you secure the best deal. You could even consider changing your current account. Change to the Santander Preferred Current Account online and you'll be awarded £100 and 5% interest on balances up to £2,500 fixed for the first year.
We know it's hard, but bringing in lunch at work and cutting out little treats like crisps from vending machines and coffees can make a huge difference in the long run – up to £1,000 a year! If possible, shop online to avoid browsing and never go to the supermarket whilst hungry!
You can of course still enjoy yourself, only you need to be a bit savvy about it. So, use restaurant discount vouchers when eating out, acquired from sites like Toptable, and get into the habit of using cashback websites, and actually get something back when you go shopping.