Money-Saving Tips for Renters Many people are finding it difficult to make ends meet as rent prices rise across the UK. Rent is often the main recurring expense for households, which can result in both short- and long-term financial difficulties. Those with a low income were hit harder financially by the pandemic, while rents continued to grow. With the cost of living set to rise this year, here are some money-saving tips that could help make your payments more affordable. Install a smart meter A smart meter is an electronic device that records data such as your electric energy use.