Almost half of mums across the UK will be reducing family savings in order to meet the cost of living and perhaps avoid credit card charges.Family Investments has released its first ever UK Mums' Budget and found that the average mum will be reducing family savings by £386.76 over the next year.Kate Moore, head of savings and investments at the Brighton-based company, said: "Our first Mums Budget clearly shows that mums are under the financial cosh at the moment."Mums across the UK are attempting to be resourceful with 62 per cent saying they will go out and eat out less as a family or buy more supermarket own brands (59 per cent) to try and reduce grocery spending."She added that mums are being hit hard by the increasing cost of everyday goods such as utility bills, petrol and food.Chancellor George Osborne is set to reveal the UK's budget on Wednesday (March 23rd).Samantha ClarkeSamantha is a former banking assistant and has over ten years experience in retail banking.
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