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UK Families Overspend by £325 on Essentials

Published 3 weeks, 6 days ago
Description

UK families are overspending by £325 monthly on essentials due to rising costs and falling take-home pay. The average household spends £2,170 post-tax, down from £2,558 three months ago. Half of workers earn less than £30,000 annually. A Portsmouth couple, earning £75,000, struggles to save for a home deposit, highlighting the financial strain. Experts suggest the fifty-thirty-twenty budget rule and shopping around for better deals to ease the squeeze.

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