Households are encouraged to review their finances in August to prepare for anticipated cost increases later in the year. This includes checking energy tariffs, as the energy price cap for default tariffs paid by direct debit rose by 13% in July.
Reviewing savings accounts is also recommended, as some top deals have started to climb again since spring. Checking broadband and mobile contracts could lead to savings, with a survey indicating that eight in 10 broadband switchers saved an average of £100 annually.
Home insurance policies should be checked before winter, especially as average combined policy prices increased to £383 in April to June 2026. Car insurance renewal is another area for review, with data suggesting the cheapest time to buy is 26 days before the policy start date.