Energy bills putting pressures on Aussie families

Low-income families in Australia may be dipping into their savings accounts in an attempt to keep up with their energy bills.

According to Anglicare Sydney, it has seen a surge in the number of people seeking emergency aid to enable them to pay their bills, which have risen by 17.3 per cent since July, reports the Australian Associated Press.

With utility bills on the rise, Aussies hoping to ensure they can meet future bills may want to consider going online to compare savings accounts and putting some cash aside to enable them to cope with any more increases or emergencies.

Sue King, Anglicare's director of advocacy, said in a recent statement: "The increase in the amount of energy assistance distributed directly relates to the increase in electricity prices.''

Aussies hoping to avoid debt next Christmas were recently advised by personal finance expert Jeremy Cabral to open a savings account after December 25th this year to make it easier to put cash aside ahead of the next festive season.

Have a question about savings accounts? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-801212576-ADNFCR