Household bills have risen 10 times faster than incomes have grown since the start of the financial crisis, research by price comparison website uSwitch has found.
But if you have already fine-tuned your household finances by cutting energy and food bills, as well as remortgaging, and are still struggling to find spare cash, what can you do?
Here are the first five ideas to earn extra money that revolve around boosting your income using your home - please check with your home insurance company first as you might need to take out additional cover.
Find more money-making tips on our 50 ways to make money page.
1. Find a lodger
The government's Rent-A-Room scheme allows householders to earn up to £7,500 a year tax-free by taking in a lodger. If the annual rent exceeds this amount, you'll need to complete a tax return and pay tax on the extra money.
You can find a lodger by advertising your spare room on websites such as spareroom.co.uk, uk.easyroommate.com or gumtree.com.
You'll need to tell your mortgage company and home insurer before someone moves in. Renters may also be able to take advantage of the Rent-A-Room scheme but will need permission from their landlord to sublet part of the property.
2. Operate a one-room hotel
If you don't fancy a full-time lodger, how about the occasional overnight guest? 'Social travel' websites have disrupted the hotel industry by enabling homeowners to let spare rooms in their homes to visitors for anything from a single night to a couple of months.
Some people let out their whole property while they're on holiday, while others simply host guests in their spare room when they're at home.
How much you can earn depends on what you can offer and your location – property owners in cities may fare better: Central London apartments easily go for £100 a night. For more information visit airbnb.co.uk or wimdu.co.uk.
3. Rent out your parking space
If you have a spare driveway, underground parking space or garage, then advertise it on a website such as justpark.com, parklet.co.uk or parkonmydrive.com and yourparkingspace.co.uk. You can rent out your space by the day, week or longer-term, with some spaces earning more than £1,000 a year. For a comparison of these services read How to make £1,000 a year from your empty parking space.
Customers might be regular commuters needing a spot near the station, an owner of an expensive car needing a safe place to leave it, or one-off visitors wanting to park close to a major sporting or entertainment venue.
It's best to let your home insurance company know if you let out a parking space – it may impact on your insurance premiums.
4. Let out storage space
Storemates.co.uk and sharemystorage.com are peer-to-peer websites that connect people with spare storage space with others looking to store anything from paperwork to furniture.
Typical space includes lofts, basements, sheds and garages. A 100 sq ft loft would earn about £15 a week. The sites earn their fee by taking a cut of the money when a booking is made.
5. Use your home as a film set
Renting out your property as the set for an advert, TV programme or film can be lucrative – fees can be up to £2,000 a day.
Production companies need a variety of properties, from grotty bedsits and bog-standard terraces up to stately homes.
Properties within the M25 are most in demand. However, be prepared to have film crews of 30 or 40 people traipsing through your home - and warn the neighbours. For more information and to register your property, check out agencies such as amazingspace.co.uk, lavishlocations.com or film-locations.co.uk.