Smart Meters and Simple Swaps Could Save UK Households £800 Annually
Six out of ten UK households have a designated 'bills boss' who takes charge of the family finances, according to a recent survey of 2,000 adults. This individual is responsible for seeking out the best deals, ensuring bills are paid on time, and managing the household budget. Experts suggest that by implementing a few straightforward changes, these bills bosses could help their families save up to £800 each year.
The Role of the Bills Boss
The research indicates that 65% of households have a specific person managing their money. This role helps prevent financial confusion, with 44% of respondents stating it avoids mix-ups, 32% saying it prevents missed payments, and 24% noting it stops duplicate spending. Many bills bosses take pride in their duties, with a third actively enjoying the hunt for savings and 62% willing to shop around to reduce expenses.
Victoria Bacon, director at Smart Energy GB, commented: "Even small swaps at home can make a difference, and getting a smart meter is an easy way to have clear oversight of your energy use, helping you find ways to save money on your bills." The efforts of bills bosses are highly valued, with 84% of households considering their work 'invaluable'.
Six Simple Money-Saving Swaps
Economics professor John Gathergood, who collaborated with Smart Energy GB on the study, outlined six key changes that could collectively save households £800 annually:
- Track energy usage with a smart meter: This can save £130 per year by monitoring consumption and using energy flexibly.
- Lower the thermostat by one degree: A simple adjustment that could reduce bills by £90 annually.
- Cancel unused subscriptions: Eliminating unnecessary services might save up to £240 each year.
- Shop around for insurance: Comparing deals could lead to savings of approximately £120 annually.
- Switch broadband provider: Finding a better deal might save £150 per year.
- Review mobile phone contract: Reassessing your plan could add £96 to your yearly savings.
Financial Spring Clean Trends
Half of Brits are planning a financial 'spring clean' in 2026, with 60% motivated by the change in season to declutter both their homes and finances. On average, individuals aim to make three financial adjustments during this period, hoping to save around £116. In terms of energy efficiency, 59% of smart meter users report that the device encourages their household to be more mindful of energy consumption, and 62% have saved money as a result. Smart meter owners believe their device helps them save an average of £130 annually.
Smart Energy GB partnered with journalist and broadcaster Kate Thornton, who identifies as a bills boss, to assist Brits with their financial spring clean. Kate shared: "I'll happily admit I'm the bills boss in my house, and I'm always on the lookout for smarter ways to save money—whether that's reviewing my subscriptions, switching broadband provider for a better deal, or keeping an eye on my energy usage with my smart meter display."
She added: "It might not sound glamorous, but getting on top of your household bills can make a real difference, as can teaching your family the tips and tricks, too. I love the satisfaction of knowing I'm making my money work harder—it is the financial equivalent of feeling smug after a gym class."
