Here's all the schemes and initiatives that could help slash your family budget.

£5,000 towards making your home more energy efficient.The government will launch its "Green Homes Grant Scheme" in September.

Under this scheme, hundreds of thousands of homeowners will be able to access vouchers of up to £5,000. The poorest families will also be able to access vouchers of up to £10,000.The Government will cover at least two thirds of the cost that homeowners in England spend on green upgrades. Those on the lowest incomes will not have to pay anything towards their improvements.The £2billlion scheme is part of a wider £3billion investment from the government in green technology.

According to Treasury figures, it could help families save up to £300 a year on energy bills. The cash can be spent on a range of environmentally friendly additions to your home. This includes loft, wall and floor insulation, eco-friendly boilers, heat pumps, double or triple-glazed ­windows, low-energy lighting and energy-efficient doors. 

It is hoped that the policy will create jobs for local tradesmen, who will be able to offer their services to consumers.