Money Health Check Calculator
Money Health Check Calculator

As Northern Ireland continues to battle Covid-19 and a series of fuel, energy and distribution crises, a recent survey showed that 39% of people in NI felt they needed to adjust their way of life in order to cut back and make it easier to cover essential spending.

Our #MoneyHealthCheck Calculator can help you see where savings could be made;

Please fill in all relevant expenditure below. You can leave a question blank if it does not apply to you

Insurance
You can leave a question blank if it does not apply to you

car image How much does your car insurance cost you per month?
£

home image How much does your home insurance cost you per month?
£

pet image What does your pet insurance cost you per month?
£

Utilities
You can leave a question blank if it does not apply to you

Phone/internet total expenditure per month
£

Energy cost - electricity, oil or gas total expenditure per month
£

Other
You can leave a question blank if it does not apply to you

Other car payments (tax, car finance, petrol/diesel etc) per month
£

Mortgage or rent payments per month
£

Council rates per month
£

Additional payments
You can leave a question blank if it does not apply to you

Student loan per month
£

Childcare per month
£

Calculate
Total Bill Calculation
Annual Bills
£

Monthly Bills
£


If your outgoings are relatively high compared to your monthly net pay you might want to speak to a professional finance advisor to discuss options such as personal loans and debt consolidation.
Rod image

Money Saving Tips
car image How much does your car insurance cost you per month? (car insurance is a legal requirement)
You spend £



TIPS - Parking your car away from the road on a private driveway or in a garage can help to bring your premium down. You could also consider fitting a tracker, avoiding modifications, choosing a vehicle with a smaller engine, exploring telematics products, keeping mileage low and sitting an advanced driving test to help reduce the cost of your policy.
home image How much does your home insurance cost you per month? (home insurance is a must for most mortgage lenders)
You spend £



TIPS - While some of the factors that affect the cost of your home insurance will be out of your control, such as the crime rate in your area or how far your property is from a stream of river, there are still things you can do to save money on your policy. Simple things like paying your premium annually in a one-off fee can reduce the cost, while upgrading your home security with an intruder alarm, BSI-approved locks for your doors and windows and additional smoke alarms could result in savings on your premium as well.
pet image How much does your pet insurance cost you per month?
You spend £



TIPS - Consider opting for a lifetime pet insurance policy, because the higher upfront cost could save you more as your pet ages. If you own several pets it's also a good idea to insure them all together under the same multi-pet insurance policy, as this is usually cheaper. Make sure all pets are up to date with vaccinations/booster shots (and neutering can sometimes help to reduce your premium too). Tagging your furry friend is now a legal requirement for dogs, and will soon become mandatory for cats as well.


Our savings checklist

Savings image

1. Check to see if you are eligible for any government schemes that might provide you with additional support – Government Tax-Free Childcare / Child Benefit / Work from Home Tax Relief

2. Check how competitive your suppliers are – gas, electricity, phone, internet.

3. Review all direct debits and cancel any luxuries you can live without – use price comparison websites to shop around especially for insurance essentials like home and car insurance.

4. Explore energy saving tips for your house such as smart meters, draft excluders and energy efficient lighting and order oil in bulk when you can.

5. Some credit card companies stopped accepting new cardholders during the height of the lockdown, but many of them are now returning to the market which means there could be an opportunity for people with good credit histories to transfer their balances to a new 0% APR credit card – just note there is normally a time limit here before the interest rate starts to rise so you need to be careful.

Other payments you could consider adding which might help protect your finances; life insurance, income protection and health insurance.

CompareNI.com is Northern Ireland’s largest insurance comparison website, and has helped over 650,000 users compare products from over 200 insurers on everything from personal loans to credit cards, and from car insurance to home insurance.Recommended by 97% of reviewers on Reviews.co.uk.
  • 51% of consumers could save £290.68 on their Car Insurance. The saving was calculated by comparing the cheapest price found with the average of the next three cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from November 2021 data. The savings you could achieve are dependent on your individual circumstances and how you selected your current insurance supplier.

  • **Home: 51% of consumers could save up to £102.62 on their Home Insurance (Building & Contents). The saving was calculated by comparing the cheapest price found with the average of the next six cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from November 2021. The savings you could achieve are dependent on your individual circumstances. 51% of consumers who purchased Home Contents Insurance through this service provided by Seopa Ltd in August 2021 were quoted less than £68.22. The price you could achieve is dependent on your individual circumstances.

  • ***Pet: You could pay from £3.01 per month. This policy provides annual cover including the cost of vet fees up to £2,500. Price per month for cover based on a cat, Ron, aged 6, no known medical conditions, neutered, up to date with vaccinations and microchipped.