Shop around – switching energy supplier and moving to a less expensive TV package or cheaper mobile deal could save hundreds of pounds a year.Transport – average costs are £80.80, or 14%, of a typical family’s weekly spend.The average household expenditure is £572.60 a week, according to the Office for National Statistics (ONS), largely on “essentials” such as:īut are we spending wisely, even on the essentials? Once you know how much is coming in and going out each month, the next step is to look at where you can save on your outgoings. If your total household net income is £7,000 per month, and your mortgage, bills, groceries and childcare costs come to £5,500 – you then have £1,500 left to play with each month.įind out more about how much childcare costs, and what help there is out there for you. difference between your income and what you spend on essentials is your disposable income.non essential = make-up, gym memberships and Netflix.essential = expenses related to living, such as medication, rent or mortgage, plus debt repayments and utility bills.
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