With state pensioners getting an 8.5 percent increase from next week, now is a good time to look at your finances to see how best to use the extra cash.

Express.co.uk has spoken to several experts to get their thoughts on how to use the extra cash as many household bills are also going up this month.

Branson Knowles, from Top Mobile Banks, encouraged pensioners to first make sure they have enough to cover their essential costs such as housing, utilities and food.

He explained: “Taking care of…