Keeping up with the Joneses
Find out if you're spending more than the average.
Have you seen the lovemoney.com MoneyTrack tool? We think it’s one of the best money management tools out there and our users seem to really like it.
Tracker works by automatically aggregating all of your online accounts and credit cards in one place. You can see how much money you’ve got and how you’re spending it. That’s because Tracker automatically categorises your spending into distinct categories so you can see your complete financial picture.
You can also set budget targets for yourself and see if you’re hitting them. On top of that, you might also find it interesting to compare your spending with the average UK household. Take a look at these figures:
Average UK household spending 2009
|
Spending categories |
Average household spend per category |
|
Food & non alcoholic beverages |
£3,320 |
|
Alcohol & tobacco |
£1,225 |
|
Restaurants & hotels |
£3,517 |
|
Clothing & footwear |
£1,900 |
|
Recreation & entertainment |
£3,913 |
Source: Office of National Statistics
If you’re spending more on food than the average household, maybe it’s time you to try and cut back. You could get lots of money-saving ideas here.
And if you’re curious about MoneyTrack, why don’t you test it out? It’s a completely free service with a mobile app too.
Most Recent
Comments
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im sorry but my husband and i work full time,we have four children.. we cant afford alcohol if we drink , tobacco,if we smoke, hotel, restaurants, recreation and entertainment.oh and luxuries. .Who are these people who spend £8655 a year.That's £721 per month to spend on luxuries and item above.after all the bills gas/elc. rent etc. have been paid. I can't believe this. .we are a average working family.we cant afford on our salary..xxx
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they spend more on restaurants and smoking, alcohol and recreation than I earned last year. how about some real tips for people living below the line to help them get out of it and have a reasonable standard of living besides.
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What?? £8655 per year spent on alcohol, tobacco, hotel, restaurants, recreation and entertainment. Who are these people? That's £721 per month to spend on luxuries after all the bills have been paid. I can't believe that this is average. Someone on an average salary could never afford to spend that if they have a house, family and car(s) to pay for first. I'd also like to see how a family with that much to spend on luxuries manages to get by on £64 per week for food. Less than £10 per day for all meals for a typical family of 4. That's very hard to do. I'm not sure anyone would live on that level of food and then spend more than that on restaurants and hotels. I know these figures are from 2009 but come on, let's get real!
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12 April 2012