Working out bills in face of rising cost of living
Nous’s revolutionary ‘smart forecast tool’ will work out - on a personalised basis - a family's current household bills, and calculate – in pounds rather than percentages – the effect that every single cost-of-living increase will have on their outgoings.
Current predictions are that a family of four can expect their annual household bills to rocket by more than £3,000 in the next 12 months. But the figures can vary dramatically and the impact is different in every household.The launch comes after research earlier this year showed more than 80 per cent of Brits massively underestimate how much their bills are going to rise and think their personal hike over the 12 months will be just £1,000 – as little as a fifth of the real figure.
“Not everyone has the time or know-how to keep track of their bills. But we at Nous believe that knowledge is power, so we can warn people who sign up to our website of upcoming financial pressures and alert them to make savings. He calculated that with further costs such as TV, insurance, credit cards and mortgages taken into account, the typical UK household busy with children is losing £1,000 a year to these"price bandit" companies.
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