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£2,537 – monthly outgoings for the average modern family

The average family’s monthly outgoings now top £2,500 – including £100 on petrol and over £100 takeaways and eating out, a new financial report has revealed. The post-budget report examined every aspect of a typical family’s monthly expenditure, including everything from groceries to kids’ pocket money. And the results show that realistically it now costs [...]


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Posted by Ben Harrow

£27,373 a year for families to ‘break even’

The average British family now needs to bring home £27,373.20 a year – just to break even, according to a new study. The figure is an increase of £2,571.69 or 10% on last year’s cost of living, which came in at an already staggering £24,801.51. Researchers considered the money families need to fork out on [...]


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Posted by Ben Harrow

A third of Brits admit they are ‘tight’

One in three Brits admit they are ‘tight’, a study has revealed. Millions of Brits are cutting corners financially by refusing to tip restaurant staff, only heating one room – and even sneaking drinks in to pubs. Nearly three quarters of the 2,000 people polled said they had revised their expenditure for the better over [...]


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Holiday ‘budgets’ – budget is blown within 7 days for the average holidaymaker

The average British holidaymaker runs out of money exactly half way through their sunshine break, it has been revealed. Despite saving an average of £600 for their time away, the average person will run completely out of money 7 days into a typical two week break. Day trips, random gifts and mementos are just some [...]


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Posted by Ben Harrow

Average teenager sets parents back £6,261 a year – mostly in food

The average teenager sets their parents back £6,261 a year – or £43,828 between the ages of 13 -19, it has been revealed. Researchers found that parents will have to fork out more than £520 every month their teenager is living under their roof, in order to keep up with their appetite, TV viewing, gaming [...]


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Age of Austerity- frugal is the new flash when it comes to spending

Start saving for the future

The Age of Austerity has officially made penny pinching ‘cool’- research revealed that money-saving methods such as using discount vouchers, collecting reward points and bartering in shops are now considered en vogue. The study also found many of the modern day cost-cutting exercises were considered ‘shameful’ as little as five years ago. The report, which [...]


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Posted by Ben Harrow

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