Clever forecasting site reveals future household bills by the pound – here’s how UK News

Consumer cost of living champion Us is launching a free online service this week to help millions of families calculate and understand the specific impact the cost of living crisis is having on their household’s out-of-pocket spending .

Us’ revolutionary ‘smart forecasting tool’ will calculate – on a personalized basis – a family’s running bills and calculate – in pounds rather than percentages – the effect each increase in the cost of living will have on their expenses.

It predicts the impact of future spending changes to help millions of people manage their budgets smartly and save on their bills in the face of the rising cost of living.

Among the household bills considered by Us are gas and electricity, satellite and cable TV, broadband, mobile phone, gas/diesel costs, mortgage, tax housing, water bills and national insurance. Auto and home insurance will be added in the coming weeks.

Based on current forecasts, a family of four can expect their annual bills to rise by more than £3,000 over the next 12 months. But the numbers can vary widely and the impact is different in every household.

The launch comes after research earlier this year showed that more than 80% of Britons massively underestimate the rise in their bills and think their personal rise over the 12 months will only be £1,000 – too little more than a fifth of the actual figure. .

The plight of this alarming number of people who remain in the dark is why We are committed to providing a service that first gives households a complete and accurate picture of their spending and calculates exactly how much they will spend more next year.

Us Founder and CEO Greg Marsh said, “We want to help people understand what the cost of living compression means to them personally, now and in the future. And we can show that in terms of real money, rather than confusing averages with percentages.

“Not everyone has the time or the know-how to keep track of their invoices. But at Us, we believe knowledge equals power, so we can warn people who sign up on our website of upcoming financial pressures and inspire them to save money.

“We are making things much simpler for consumers. Keeping track of all the household bills is boring and daunting, I know, but it will make things easier. Now is not the time for anyone to put their head in the sand.”

The Us service is completely free to anyone who registers on www.nous.co. And the company promises not to make money selling data or receiving commissions when users switch providers. Next year the company plans to launch a subscription service where it will manage a household’s bills and ensure everyone gets the best possible deal, but the free service will continue.

The idea for Nous.co was born in 2020, long before the cost of living crisis developed. It took months of groundbreaking technical development and multi-million pound investment to arrive at a ‘super brain’ dashboard that could revolutionize the way households manage their bills.

Greg Marsh had free time. The entrepreneur – who had developed and sold the successful luxury rental market Onefinestay – was stuck in quarantine with Covid, and his wife was about to give birth to their second child.

Then he noticed he had been ‘accidentally’ moved to the wrong UK gas price. Faced with paying thousands of dollars more than he should, Greg saw red and realized that other consumers would also be paying too much not just for gas, but for countless utilities: energy , broadband and mobile.

He calculated that taking into account additional costs such as TV, insurance, credit cards and mortgages, the typical UK household busy with children was losing £1,000 a year to these corporate “price bandits”. “.

And so Greg founded Us as a way to help the millions being profited from manage their finances with the utmost care.

He added, “The cost of living crisis has made Us even more timely. Not only do we want to empower people to fight the tricks of big vendors, but it’s now more important than ever that everyone gets the best deal possible. »

“Every household is different, with different providers and types of expenses growing at different rates, so we urge people to understand exactly how the cost of living crisis will affect them.”

You can use the free Us Dashboard by going to www.nous.co and signing up. It only takes a few minutes and is completely safe and risk-free.