With its finger always on the pulse on ways to save money, Martin Lewis's Money Saving Expert has identified how stockpiling one 68p item could reap rewards.
It has warned that the cost of stamps is set to rise from April 3, meaning there are just a few days left to bulk buy the commonly-used essential.
First-class stamps will rise from 95p up to £1.10 - a difference of 15p. The price of second-class stamps is also set to increase from 68p up to 75p - making for a 7p increase.
The Money Saving Expert said: "This means you have until Sunday, April 2, to stock up on first or second-class stamps to secure them at their current price to beat the hike. Just ensure you're given new barcoded stamps rather than old-style versions without a barcode."
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Royal Mail has blamed the price hikes on a 25% drop in the number of letters being sent as well as increasing costs and the highest inflation rates for a generation. But before you rush out and buy as many stamps as you can lay your hands on - there's a catch.
From July 31, stamps without a barcode will be rendered unusable. The Royal Mail states: "Mail posted with non-barcoded Definitive stamps after 31 January, 2023, will for the first six months be delivered as normal, no surcharge will be raised. After this six month grace period, an item with a non-barcoded stamp would be treated as if there is insufficient postage. Any item that has insufficient postage is subject to a surcharge. Surcharge fees can be found on our website." To get all the latest money-saving news straight to your inbox twice a week sign up here.
Non-barcoded stamps can be exchanged for the new barcoded version through the Stamp Swap Out scheme. To swap out stamps, complete one of the Royal Mail Stamp Swap Out forms and send it back to them along with any non-barcoded stamps. The step-by-step process for doing this is explained here.
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