Money Wellness

cost of living

Published 21 Aug 2024

2 min read

Community sharing could ease money worries

Many households across the UK are cutting back on essential items during the cost-of-living crisis.

An illustrated collage of brightly coloured silhouettes of household items, clothing, and accessories for hobbies.
Michelle Kight - Money Wellness

Written by: Michelle Kight

Financial content writer

Published: 21 August 2024

But a solution may lie in our own front rooms and attics, according to a new survey.

Research by YouGov for humanitarian aid charity Human Appeal says almost three quarters of us (72.4%) don’t use around 40% of the stuff in our homes.

And a similar number of us (73.8%) reckon we could give up to 40% of our belongings to someone else because we don’t need them.

Why are we holding onto things we don’t use?

  • 47% said sentimental value
  • 65.7% said potential future use
  • 37.7% said they’d forgotten about them

And people weren’t particularly concerned about making money from their unused items, as most of us (84.1%) said we’d be happy to give away these things if it benefitted someone locally.

‘Small acts of generosity can make a big difference’

Owais Khan, deputy CEO of Human Appeal, says our willingness to help our communities by giving things away “presents an opportunity to bring people together, reduce our environmental impact and mitigate financial needs during the ongoing cost-of-living crisis”.

Where to grab a bargain and pass on your unwanted things

Almost two thirds (63.8%) of us are overdue a declutter. Apps like Olio, Freegle or Facebook Marketplace are all options if you’re looking for a freebie or to pass on something you don’t need.

There are also lots of reuse charities and social enterprises these days working to give quality household items a second lease of life and keep them out of landfill. Find your nearest reuse centre or charity via the Reuse Network.

Some charities, like ReUse Littleborough, also work directly with councils and health visitors to make sure families who are struggling to make ends meet still have household goods and furniture, access to baby milk and so much more.

If you have a social worker or health visitor, and you’re on a low income, it’s worth seeing if you have something similar in your area.

Michelle Kight - Money Wellness

Written by: Michelle Kight

Financial content writer

Michelle is a qualified journalist who spent over seven years writing for her local online newspaper. Having grown up in some of the North West’s most deprived areas, she has a first-hand and empathetic understanding of what it means to face serious money worries. With a strong interest in mental health issues, she is a keen advocate of boosting the accessibility of financial wellness services.

Published: 21 August 2024

The information in this post was correct at the time of publishing. Please check when it was written, as information can go out of date over time.

Read our latest news or check out other popular pages on our website:

Michelle Kight - Money Wellness

Written by: Michelle Kight

Financial content writer

Published: 21 August 2024

More blogs on cost of living

View all
1 in 3 low paid women ‘skipping meals to save money’
cost of living

1 in 3 low paid women ‘skipping meals to save money’

Women are 50% more likely to be in low-paid jobs than men.

Read more
Image of someone surrounded by bills. Five million households have missed a council tax payment. Find out what to do if you have council tax debt
cost of living

Five million households have missed a council tax payment

Find out what to do if you have council tax debt

Read more
Rising cost of breakfast basics fuel food inflation
cost of living

Rising cost of breakfast basics fuel food inflation

Food inflation rose to 2.1% in February year-on-year.

Read more
Average Customer Rating:
4.9/5
Independent Service Rating based on 10824 verified reviews. Read all reviews