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There are 10 major money changes that could all affect your finances in May - see the full list here.

The cost of living crisis means we’re all paying more attention to our finances than ever. It’s never been more important to keep an eye on what you’re spending as the prices of energy, food and more remain high, with many forced to scale back.

To help you manage your money, here is a round-up of 10 key changes which could affect your wallet in May. The list includes changes to benefit payment dates, along with the latest on the Energy Price Guarantee and the monthly Bank of England interest rate and inflation announcements.

Here are 10 money changes to be aware of in May 2023.

Bank holidays - benefit payments may be affected

There are three bank holidays this month:

Monday, May 1: The early May bank holiday

Cost of living: 10 money changes to be aware of in May including payment dates, deadlines & energy bills help

Bank holidays - benefit payments may be affected