How much more do we spend now compared to a year ago? Licences, fines and transfers (e.g., stamp duty, road tax) Money transfers and credit (e.g., cash gifts) Personal (e.g., toiletries, jewellery, sunglasses, etc.) Household (e.g., furniture, linens, appliances, etc.) Recreation and culture (e.g., pets, gym fees, TV, etc.) Rent/mortgage & repairs (average overall) Housing (e.g., rent, mortgage interest payments, repairs, etc.) Here's how the average household budget breaks down by category, on a weekly, monthly and annual basis: In fact, 15% of our household budgets goes towards transportation, up to 32% towards rent or mortgage interest payments and 11% to feed ourselves. Where does the typical household budget go? Brits spend the most on transportation, housing and food. But your housing situation can mean you spend a lot more or less. In 2022 the average UK household budget is around £2,907 a month (£34,886 a year) based on an average of 2.4 people per household, according to our analysis of ONS Family Spending data. If any particular line items jump out at you in this regard, please kindly let us know in the comments and we will try to address the limitations of the ONS data with further explanation, analysis or colour. As a result, you may notice that some figures don't accurately reflect the true cost for a user. Note: The figures in this article come from the Office for National Statistics and reflect average spending across all households, combining households that do and do not spend on a given line item. If you're hoping to make your budget stretch further, read about 10 ways to reduce your monthly expenses. In order to better understand average spending levels across these major categories, and more, we've analyzed data from the latest 2019/20 Living Costs and Food Survey from the Office of National Statistics (ONS)-this is the latest data available that is not significantly impacted by unusual pandemic spending-and ramped these figures up by inflation across each category and subcategory to estimate spending, assuming people maintain the same standard of living.ĭepending on where you live, your stage of life, and your financial circumstances, you may also be spending extra on childcare, college tuition or health care. An adult male from 19 to 50 years of age would account for $86.80 a week on a moderate food budget, and a 19- to 50-year-old woman would be allocated $73.20 a week.On average, we estimated that UK households spend £671 per week (£2,907 a month) to cover living expenses including a roof over our heads, food in our bellies, clothes on our backs, and transport to and from work or school-but costs are higher if you rent or have a mortgage. Men in general cost more to feed than women. At least, that’s how the USDA sees it.For instance, it suggests if you have a moderate budget, you should plan to spend $70 a week on groceries for a teenage girl between the ages of 14 and 18 (approximately $17.90 less a week than for a teenage boy). Teenage boys eat a whole lot. Not surprisingly, the USDA's food budget allocates more of the grocery budget for teenage boys than it does for teenage girls, children or the adults in the household. For comparison’s sake, a child who is 9 to 11 years old, according to the USDA's moderate budget, would eat $76.30 in food every week. For instance, a moderate budget for a teenage boy between ages 14 and 18 would be $87.90 in groceries a week (or $70.20 a week if you have what the USDA calls a low-cost budget and $102 a week for a liberal budget).
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