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PPI charges: Switch bills to save money, expert suggests

People who have experienced PPI charges and are awaiting refunds may need ways to save money and make their pay packets stretch further.

Jasmine Birtles, founder of money website moneymagpie.com, explained that switching bills can be a good way to save money.

She said: "Go online and switch gas and electricity and get cheaper broadband, mobile phones and insurance definitely. Nobody can afford to be complacent now they have to switch in order to do anything or get a decent rate on anything and save money."

Ms Birtles noted that the average family that has not switched before could save up to around £1,000 over the course of a year.

Her comments come as research by InstantLoansDirect.com reveals that 57 per cent of people who have taken out a payday loan are middle income earners (£25,000 to £50,000).

Almost a quarter were people who were on lower incomes (up to £24,000).

John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance.

 ADNFCR-2776-ID-800705377-ADNFCR



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