You can slash energy, broadband, mobile and streaming bills by £1,000

A woman managing her household bills
-Credit:Getty


January is the most worrying month for finances as two-fifths stress more in the first four weeks of the year than any other time, according to a new study from household money-saving app Nous.co, but taking action now could save you £1,000 in 2025.

Greg Marsh, household finance expert and CEO of Nous.co, said: “It’s hardly surprising so many people are constantly worried about money in January after an expensive Christmas. During the most depressing time of the year, getting on top of your contracts might feel like the last thing you want to do.”

Greg has put together a five-step guide to cutting bills in 2025 – and the savings could be cut more than £1,000 off the annual expenses of an average UK household.

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He added: “January 20 may be the most depressing day of the year – but the good news is that most of us can save serious money on their bills if we’re smart about it. The majority of households can bring down their energy bills, and there are huge savings to be made by switching to a low-cost SIM-only mobile deal.

“Plenty of us can bring down our bills even further by moving our broadband to one of the newer independent full-fibre networks, which offer lower prices than big-name brands. The issue is that it’s boring and difficult to stay on top of this stuff.

“Suppliers make it deliberately difficult to make sure you’re on a fair deal, and most of us end up putting it off.”

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Greg’s five-step strategy to slashing your bills in 2025

Mobile - £528

The average person who’s out of contract on their mobile pays £28 a month or £336 a year, according to Nous data. Switch to a SIM-only deal for £6 a month with plenty of data and save £264 annually, or £528 for a typical two-phone household.

Broadband - £288

The average out-of-contract broadband deal costs £49 a month, Nous data shows. You can get a similar deal for as little as £24 a month, a saving of £25 or £288 a year.

Switch bank accounts - £350

Most of us never get around to swapping banks, but you can earn hundreds by swapping a couple of times in 2025. First Direct and Nationwide are both offering £175 for switching your current account to them. There’s small print to take into account, but stick to the rules and you’re quids in.

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Downgrade your Netflix - £72

Paying £10.99 a month for standard Netflix? Downgrade to the ad-supported version and you’ll get all your programmes for £6 a month less.

Energy bills - £120

Energy bills went up again on 1 January, but most households can save more than £120 by switching with Nous – without having to commit to a fixed deal.