Dust off your finances and save £5,000
It's not our homes we should be spring cleaning but our finances, according to research from the price comparison service Moneysupermarket.com.
By switching their existing financial products to better-value providers, a typical family could save more than £5,000 in a year.
Moneysupermarket is just one of a host of comparison services that can help you brush the cobwebs off your financial affairs and source the cheapest products and services.
As your mortgage is likely to be your biggest monthly expenditure, this is a good place to start for big savings - especially if you are languishing on your lender's standard variable rate (SVR) of interest.
Remortgaging is a fairly simple process, and the number of low fixed-rate deals on the market is increasing. Opt for one of these, and you could make considerable savings.
For example, homeowners on the Woolwich's SVR of 7.39 per cent might try moving to Yorkshire building society, which offers a two-year deal fixed at 4.79 per cent.
Next up, take a look at the rate on any personal loans you have.
Despite recent base rate rises - to the current 5.25 per cent - there are still some good deals to be had. There are at present six loans on the market charging an annual percentage rate of less than 6.5. These include products from Masterloan, Barclaycard and Moneyback bank.
Based on a £7,000 loan taken out over five years, a typical family could save nearly £170 in interest payments in just one year, according to Moneysupermarket.com, if they were to switch from a Lloyds TSB - with a typical annual percentage rate (APR) of 10.9 - to a Moneyback Bank loan, with an APR of 6.4.
Next up, try your savings. If you have money squirrelled away with one of the big four banks - HSBC, Lloyds TSB, Barclays or Royal Bank of Scotland - chances are you'll be earning little interest in a poor-paying account.
For example, if you had £10,000 saved up in the RBS instant access savings account (which pays 1.85 per cent) you would earn only £185.04 in interest over a year. Switch this to Alliance & Leicester's direct saver account and you'd be getting 5.8 per cent, or £579.86, over the same period - nearly £400 more.
Don't forget to review your gas bills and general insurance premiums too.
Of course, all this work takes time but it should be worth your while - a few hours of graft can turn into a goldmine.
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Day In a Page
A three-bedroom semi-detached house in Lower Slaughter constructed out of natural stone in keeping with the Cotswolds, £650,000
A smartly presented two-bedroom cottage, extensively refurbished with sun-filled garden and terrace, £350,000
A Victorian barn conversion at Heath End Farm with four bedrooms. £1.25 million.
A spacious two-bedroom flat within an impressive Victorian terrace building, close to Fulham Road and New Kings Road, £375,000.
A two-bedroom flat at Grafton Court, a former manor house in the village of Temple Grafton, with private terrace, £450,000
A four-bedroom listed mews in Apley Castle with impressive drawing room, £425,000
A two-bedroom flat close to the Regent's Canal with a private patio and a concierge service. £500,000
A two-bedroom flat at the Candlemakers Apartments set over two floors with a balcony. £625,000.
This three-bedroom Grade II-listed thatch in the pretty village of Wigginton. £450,000.
A new two-bedroom flat with a bright open-plan reception and skyline views. £450,000.
A modern home of almost 1,000sq ft is close to Stoke Newington's high street. £499,950
A five-bedroom bungalow in Hoveton with riverside garden and mooring dock, £550,000
A refurbished one-bedroom flat with south-facing reception and high ceilings. £579,950
A four-bedroom Grade II-listed house in Nazeing with large gardens. £550,000
A modern four-bedroom house in a converted stable within walking distance to Peckham Rye. £695,000
Three-bedroom house in a quiet residential area within close distance to Battersea Park. £450,000
A three-bedroom cottage within commuting distance of London, Norwich and Cambridge. £250,000
A two-bedroom cottage with a sun room and gardens in South Chard. £350,000.
A three-bedroom semi-detached house with original features including fireplaces and wooden flooring. £399,950