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The Guardian - UK
The Guardian - UK
Business
Sandra Haurant

Cost of living crisis: how to make smart money decisions in tough times

Couple with laptop having discussion in kitchen
Higher household costs such mortgage interest rates are making financial planning increasingly tricky. Photograph: 10’000 Hours/Getty Images

Making big financial decisions is tough at the best of times but when, like now the sand is shifting under your feet, the challenge becomes even greater. This week the Bank of England raised interest rates again, adding ever higher borrowing costs to the worry caused by higher food and energy bills.

These financial pressures can make it difficult to see beyond the end of the month, let alone plan for years into the future. So whether you are thinking of buying a house or wondering what to do about your pension, we ask experts how to make the best choices.

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