Cost of Living Support Centre

You are not alone, this may help

Cost of Living can be defined as the amount of money required to purchase necessary products and services to sustain a minimal level of life. This covers costs for things like accommodation, food, transportation, medical care, and utilities. Depending on the locale, the Cost of Living can vary, with cities and urban areas typically having a greater Cost of Living than rural areas.

The average Cost of Living can fluctuate over time due to factors like inflation and the economy. Since most people work to balance their spending with their income and savings, their Cost of Living plays a significant role in their financial planning and decision-making.

Why is there a Cost of Living crisis?

The Cost of Living crisis is when necessities such as food, housing, energy, healthcare and transportation rise in price much faster than the average household income. This is mainly due to inflation.

Explore more about the cost of living crisis.

Will the Cost of Living go down?

While a number of analysts and economists will have opinions on when or if the Cost of Living will fall, it's hard to pinpoint when this is likely to happen.

Learn more about if the cost of living will go down

Helpful resources

Guidance & planning

When prices are rising and expenses are increasing, planning becomes crucial.

Planning your costs

Managing your mortgage

If you're worried about missing a mortgage payment, or saving for a mortgage, here are a few steps you can take to address the situation.

Mortgage supports

Take control with budgets

Budgeting is always important, but it becomes even more crucial as life gets more expensive. A budget can help you manage your financial situation better.

Explore our budgeting resources