![]() We must focus on the things we can optimize in our monthly budget and how. So it is clear that before we even consider booking any fun activities our budgets need to go further than ever to cover the cost of everyday living. And we are all well aware of the rise in the cost of fuel prices which could see the average family’s bills rise to over £2000 per year. In 2022, food prices are expected to increase between 9 and 10 percent. The cost of living continues to increase and 2022 geopolitical events fueled record-high inflation. The economic backdrop is poised to make this transition even more difficult. ![]() Many of us have shifted travel and vacation spending into ‘luxury’ food deliveries and takeout treats during the pandemic, and we must now work towards tightening that spending to unlock funds for essentials such as work commutes as well as the fun stuff. However, in order to be able to comfortably return to a pre-pandemic lifestyle, we must reassess how we have been spending our household budgets in the past two years. With the end of the majority of covid restrictions, we are planning family outings and holidays, something we have all missed. One thing that is certain is that we are spending much more time out of our homes. There is much to look forward to but also much uncertainty, particularly in how we will manage our lifestyle and crucially our household budgets. Prepare for a normal or a hybrid work setupĢ022 brought with it the hope of better times out of the dark of the past two years of the pandemic.
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