As we look for ways to save cash amid the crippling cost of living crisis – one man has shared how he’s £6,000 richer this year thanks to an easy MoneySavingExpert.com (MSE) hack.
Originally founded by savings expert Martin Lewis, the financial website regularly publishes a newsletter full of tips to save money and advice on how to check if you are owed extra cash.
The latest tip explains that millions of British homes could be entitled to thousands in benefits annually, but many don’t claim it. The MSE website has shared a calculator to help people find out if they can get support, reports The Mirror.
Built for MSE by benefits specialists EntitledTo, the calculator can be used to find out whether you’re eligible to get help from the Government and is said to only take 10 minutes.
In the latest newsletter, one reader named Joel shared how using this tool has helped him to get £550 a month, or £6,600 a year.
He wrote: “In your weekly email, you encouraged people to check if they’re eligible for Universal Credit. I didn’t think I’d qualify, but thought I’d check – turns out I was eligible for £550 a month! Thanks so much for the advice, I’d never have checked otherwise.”
To check if you are entitled to extra financial support, try MSE’s calculator here.
Earlier this week, another MSE fan saved £1,200 a year on childcare by following its advice.
The parent, known only as Kiran, sent an email to the Money Saving Expert (MSE) website after spotting information about the tax-free childcare scheme in its weekly newsletter.
The scheme offers parents up to £2,000 a year per child towards childcare costs, including nursery, childminder and wraparound care.
It is Government backed and is designed so that for every 80p you put into your tax-free childcare account, the state will add 20p.