One of the most important topics when it comes to personal finance is how money is spent. Today we have an infographic about the average UK household spends their money on. Additionally, the types of family units are broken down. I do find it interesting, but not surprising, that the average British household size has dropped from 3.1 persons in 1961 to 2.4 persons in 2011.
One thing that stood out to me was that in two of the three cases illustrated below, more was spent on “Recreation and Culture” than “Housing, Fuel, and Power.” I didn’t look at the report from the Office for National Statistics that this was based on so I do not know what exactly falls under “Recreation and Culture,” but it seemed relatively high. Then again this could include things like travel which can add up quick.
Take a look at the infographic, and see how your spending lines up with the average.
This infographic was put together by QuickQuid. They offer a cash advance service that can be used if your bank is closed or whenever you deem necessary.
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