Inflation: Britons urged to take four steps to fight high inflation set to last ‘into 2023 | Personal Finance | Finance

Individuals could switch, for example, to a lower interest credit card or consolidate their debts to help them become more manageable.

Once high interest debts are cleared, a person is likely to feel much more in control of their finances.

Next, Ms Barrett says reexamining one’s outgoings is a key way to manage finances and get in control of inflation as much as possible. 

Mortgage payments are often the most substantial outgoing a person will have to deal with.

However, there are also other outgoings such as food shopping, energy bills and other day-to-day expenses which can be higher due to inflation.

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