Housing stress makes cost-cutting essential

Households may look to electricity prices to ease cost of housing stress 16000646 800471267 0 0 14032540 300

Once people have met unavoidable housing costs they are struggling to pay for other aspects of life, according to industry watchdog Australians for Affordable Housing (AAH).

Latest data indicates that private rental stress in many parts of the country is increasing, with AAH reporting that up to 50 per cent of NSW families suffering from housing stress are unable to afford essential items.

AAH spokeswoman Sarah Toohey says that families generally look to pay housing related expenses first before working out what they can afford with whatever is left over.

"You lose the things we take for granted. We call it housing stress but it's not just about being in a dangerous housing situation, it's the pressure that goes on every other area of your life," Toohey told The Daily Telegraph today (November 23).

She added that rising rental prices were placing even greater pressure on families, with single-parent households in particular facing difficulties in the lead-up to Christmas.

"It's forcing households into the choices you should not have to make," she said.

During tough financial times even small savings can make a big difference, so it is important to explore all cost-cutting avenues potentially available.

With the help of a switching service, you might be able to change from your current energy provider to one offering lower electricity prices.

Posted by Charlie Moore