Martin Lewis shares his eight New Year Financial Resolutions to save you money in 2021

Martin Lewis urges viewers to ‘check and switch’ energy bills

So, my aim is to show you things you can do now, that should have impact over the year or longer. It could save you thousands.

This year I resolve to…

…check if I’m due up to £1,188 via the marriage tax allowance

If you’re married or in a civil partnership, and one of you doesn’t earn enough to pay income tax, and the other does, at the basic 20 percent rate this is a heads up. 

The marriage tax allowance lets the non-taxpayer apply at to transfer 10 percent of their personal allowance (the amount you can earn tax-free/tax yr) to their spouse.

This year that’s £1,250, meaning a gain of £250, but as you can back claim to 2016/2017 if eligible it could mean you’re due a further £938. Over one million eligible are still missing out, so it’s worth checking.

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…check if I’m pouring money down the drain

You can’t switch supplier to save on your water bills, but some may be better off with a meter. Those in England and Wales, my general rule of thumb is if you have the same or more number of bedrooms in your house than people then it’s definitely worth checking on – some save £100s.

…check my savings rate

Rates have dived over the last year. Many now pay at most 0.1 percent. While the best buys are pretty dismal too, you can earn up to one percent in a fix. So, check what you’re getting and ditch and switch, full best buys in

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…check if I can slash £1,000s off the year’s mortgage repayments 

For those with decent equity in their house, the historically low UK base rate means lower LTV mortgages are super-cheap right now. So everyone check right now if you’re on the best deal. Use or to benchmark if you may be able to save. 

Sadly, if you’re on furlough or self-employed grant it may be more difficult right now, but otherwise use a broker who’ll be able to home in on which lenders are most likely to accept you.

…take just five minutes to save £200/year on energy bills 

It only takes five minutes to put your details into a comparison site and find your best combination of price and service. My also gives cashback you don’t get going direct, and you can use the Pick Me A Tariff tool, if you find choosing confusing. Or use any approved site, though be aware most don’t show all tariffs by default.

…check if you can cut credit card interest by £100s

If you can’t afford to clear your credit cards in full, you can’t afford not to check whether you can do a zero percent balance transfer.

This is where you get a new card(s) that repays debts on existing cards for you, so you owe it instead, but at a far lower cost, for a small fee.Of course acceptance is the challenge for most.

That’s now easier to find out as many cards have eligibility checkers which give your chances pre-application. Or you can see most top cards together in one place via comparison tools, such as the one on my site at

… call up a debt counsellor and make the change if you’re struggling

Whilst they do get rammed in Jan, book an appointment ASAP. There’s free, one-on-one help from,, and, which also runs an online full debt advice service that operates 24/7. The biggest comment I get is “I called, and finally slept last night”

.. watch the Martin Lewis Money Show LIVE Thu, 8.30pm ITV

If you really want to save do watch the show. It’s on every Thursday until the end of March – you can’t afford to miss it.

Martin Lewis is the Founder and Chair of To join the 13 million people who get his free Money Tips weekly email, go to

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