The group was formed yesterday (31 August)
A group has been created on Facebook to assist people cope with the rising cost of living.
It comes as the price of gas increased 43.9 percent today.
Frank Schuengel created Isle of Man Cost of Living Advice & Help group yesterday and already close to 50 people have joined.
He told Manx Radio the aim of it is so people can get tips and advice on what they can do to ease their financial burden:
Commonwealth Games: Matt Bostock wins gold in points race
Manx cyclist wins Isle of Man's first Commonwealth Games gold since 2006
Salt manufacturer eyes restaurant move
The Isle of Man Salt Company submitted plans for The Boathouse in Port St Mary
Memorial services to mark 53rd anniversary of Summerland Disaster
Fifty people died in leisure complex fire in 1973
Internet provider to increase prices next month
Manx Telecom says it's in line with annual three percent lift