Times are hard, and it’s no surprise to learn many people are spending more than they earn. New research has found one in 10 people spend more than they have in their current account at least seven months each year, and more than half (59%) spend more than they earn at least one month a year. The research, for website TopCashback, also revealed that while parents with children under 18 typically have just £179 left in the bank the day before payday, nearly three-quarters (73%) of people feel they don’t have their spending fully under control, with nearly half (47%) citing the rising cost of living as the cause. And around two-fifths (41%) admit they feel anxious about the cost of living on a weekly basis. “So many people are guilty of spending above their means – let’s face it, it’s why credit cards are such big business,” says finance expert Vicky Parry, head of content at MoneyMagpie. She says emotional spending can be a real issue, pointing out: “When we feel deprived of something, it makes us seek out that dopamine to feel good, so we online shop, and we buy things we don’t even need.” And Rajan Lakhani, a money expert at the smart money app Plum, says: “With wage growth now beginning to exceed rising costs, households may be tempted to spend even more.” But he stresses it’s important to try to get any high interest debts down before succumbing to spending temptations, and notes there are plenty of easy ways for families to reduce their spending. Here, Parry and Lakhani outline their tips for family cutbacks as the cost-of-living crisis continues to bite… 1. Avoid brands Parry advises families to stop buying branded goods in the supermarket, pointing out that the mark-up can be huge. “More often than not, it’s made in the same factory as the supermarket’s own-brand product,” she says. “If you equate a brand as a stamp of good quality, then try to change this mindset – look at the taste awards and you’ll see many own-brand and cheaper products are superior.” 2. Get the kids involved with cutting energy bills If they’re old enough to understand, talk to your kids about why it’s important to switch off lights when they leave a room, and why the heating might not be on as much when winter comes. Lakhani says: “As a dad, I’m having to constantly tell my eldest daughter to switch off the lights when she’s left the room. That helps in the short-term, but explaining to children why it’s important to do this, whether it’s the benefits for household bills or the environment, means they’re more likely to remember.” He says smart meters also provide a fun way to bring cost-saving to life for kids, as they can see the impact of switching off lights or turning off appliances that aren’t being used. “It becomes a game for them, and you can create competitions around who’s being the most energy-efficient,” he suggests, pointing out that children’s help could make an important difference, as although energy bills have fallen, prices are still far higher than they were at the start of last year. 3. Budget Keeping your eyes firmly on a budget is the first step towards stopping overspending, stresses Parry, who points out there are some good budgeting apps that tell you what your monthly budgets should be. “Have lists of items you want, items you need and items that will make your life easier,” she suggests. “If you see a top in the sale, yet ‘top’ isn’t on those lists, you’re being impulsive. It’s a good way to remember what you genuinely need.” Lakhani says it’s crucial to budget in the supermarket, and families need to “develop your special superpower” against clever in-store marketing ploys. “Have a set budget and shopping list, and ringfence how much you want to spend on groceries,” he advises. He suggests buying groceries online can help with set budgets, because you can see how the costs are totting up as you put them in your virtual trolley. “Buying groceries online also reduces the chances of being tempted by impulse purchases and kids asking for extra things, while also being easier to find offers,” he says. 4. Childcare share After-school clubs may be a necessity for some parents, but the cost can be crippling – Parry points out that the average fee for an after-school club is usually between £8-£15.50 per session, so five days a week for the 39 weeks of the school year can cost as much as £2,925 per child per year. But you can cut that cost completely, she says, by getting a group of trusted parent friends together and taking it in turns to have all the children over after school for one night each a week. 5. Walk more Although it’s often tempting to use the car for short trips like the school run, Lakhani stresses: “Walking the kids to school is not only good for your pocket, but for the planet and your health. It also gives you more face-to-face time with your children, so you have more time to know how they’re feeling and what’s going on at school. “With petrol costs on the rise again as oil prices are increasing, this is a relatively simple way to cut your costs.” 6. Beware of hobby stacking Hobby stacking is when kids develop a passion for a particular pastime, and then forget it and move on to another within a few weeks. “Before you go out and buy all the kit and gear for something which is essentially a phase, try and borrow it from a friend, or make do, until you’re sure this passion is a long-term investment,” Parry advises. 7. Cut nappy costs If you’ve got a baby, nappies can cost a small fortune, but Lakhani says you can save money by buying them in bulk or having a subscription, which are often discounted. “If you’re buying in bulk,” he says, “ensure you don’t purchase too many, as you could be left with nappies that are the wrong size as your baby grows.” In addition, compare the price of nappies at different retailers, or for an even cheaper option, use reusable nappies. Not only are they cheaper (in the long run), but they’re better for the planet too. Read More Charity boss speaks out over ‘traumatic’ encounter with royal aide Ukraine war’s heaviest fight rages in east - follow live What is combination cholesterol therapy, as study suggests it could save lives? Cancer cases in young people ‘are rising’ – the warning signs to look out for How construction expert Daniel Ashville Louisy went from social media star to TV host

Chris Pratt has shared why he believes people shouldn’t wait to start a family. The Guardians of the Galaxy star, 43, recently spoke to Men’s Journal about how becoming a father has made him a better actor. Pratt shares son Jack, 10, with ex-wife Anna Faris and daughters Lyla Maria, two, and Eloise Christina, one, with wife Katherine Schwarzenegger. Pratt explained that fatherhood has made him a more versatile actor because he sees being a parent as a “tool” to tap into his “emotional potential” during a scene. “That instinct you have to protect them – those are all things you can try to fake, but it doesn’t really come close to what you have access to when you’ve lived it,” he told the outlet on 8 June. “For me, having kids is what it’s all about, and how it’s benefitted me as an actor is a pleasant byproduct.” The Parks and Recreation alum went on to encourage others to have children as soon as possible because of the joy that it brought to his own life. “People say all the time, ‘Don’t rush to have kids,’” Pratt said. “I personally disagree. Rush. Have them. Of course, make sure you find a great partner, but don’t wait.” He then recalled a conversation he had with actor Adam Sandler, who told him: “Every day you wait is a day they don’t get to have you in their life.” “The younger you have kids, the more time they get to have with you,” Pratt continued. “It’s wild. Having kids is incredible. The things you normally take for granted in life are new.” Chris Pratt has often shared glimpses into his life as a father of three on social media. The Jurassic World star was married to Anna Faris in 2009. They welcomed their son Jack in 2012, but announced their split in August 2017. Pratt and Faris finalised their divorce in October 2018, four months after he began dating his current wife, Katherine Schwarzenegger. He proposed to the 33-year-old author in January 2019 and they were married in June that year. They went on to welcome daughter Lyla Maria in August 2020 and daughter Eloise Christina in May 2022. Chris Pratt previously sparked backlash on social media when he praised his wife for giving him a “gorgeous healthy daughter,” as many people noted that his son Jack was born prematurely. He shared an Instagram post of himself and Schwarzenegger in 2021, encouraging his followers to “find someone” who looks at them the way his wife does. “We met in church. She’s given me an amazing life, a gorgeous healthy daughter, she chews so loudly that sometimes I put in my earbuds to drown it out, but that’s love!” the actor wrote in the Instagram caption. “She helps me with everything. In return, periodically, I open a jar of pickles. That’s the trade. Her heart is pure and it belongs to me.” However, many fans accused the actor of being “passive aggressive” towards Faris, who has been open about their son’s health issues in the past. In June 2022, he addressed the backlash towards his social media post by calling out critics. “I said something like, ‘Find someone who looks at you the way my wife looks at me.’ And then I gave her some sh*t in the thing and said, ‘But I love you. I’m so thankful for my wife – she gave me a beautiful, healthy daughter,’” he told Men’s Health at the time. “And then a bunch of articles came out and said, ‘That’s so cringeworthy. I can’t believe Chris Pratt would thank her for a healthy daughter when his first child was born premature. That’s such a dig at his ex-wife,’” he recalled. “And I’m like, That is f**ked up. My son’s gonna read that one day. He’s nine. And it’s etched in digital stone. It really f**king bothered me, dude. I cried about it,” he said. “I was like, I hate that these blessings in my life are – to the people close to me – a real burden.” His wife – Katherine Schwarzenegger – has since revealed that she tries to ignore online criticism, though she’s aware of the negative comments often centred around her husband. “Growing up, hearing people say certain things about my parents, my siblings, my extended family was difficult,” Schwarzenegger told the New York Times, referencing her famous parents Maria Shriver and Arnold Schwarzenegger. “I see what people say,” she said. “But I just know that it’s so far from the reality.” Most recently, Chris Pratt sparked a debate by posting a Mother’s Day tribute in May that didn’t include mention of his ex Anna Faris. Read More Chris Pratt posts Mother’s Day tribute with no mention of co-parent Anna Faris Katherine Schwarzenegger addresses public backlash to Chris Pratt relationship Anna Faris says she’s ‘getting closer’ to ex-husband Chris Pratt and his new wife Katherine Schwarzenegger Chris Pratt says people should ‘rush’ to have children: ‘Don’t wait’ Jamie Foxx’s rep addresses conspiracy Covid vaccine left actor ‘paralyzed and blind’ Mother sparks debate over parent who wouldn’t give daughter cake

LOS ANGELES--(BUSINESS WIRE)--May 31, 2023--

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