Are You Making Ends Meet?

4.5 million British adults have less then £10.00 a month left over once they have paid all their essential bills.

With Christmas around the corner many households are struggling to make ends meet.  It is estimated that 1 in 11 britons has less than £10.00 a left once they have met all their financial commitments.

1 in 4 of the people asked said they had less then £50.00 a month to spend after they had met their financial commitments.

The UK’s average monthly disposable income is around £224.50.  However, men are reported to having more disposable income which on average is £242.50, almost twice as much as women at £190.20.

Young people are reported to having the least disposable income with 18-24 year olds averaging £174.20, which is 22% below the overall UK average.

The wealthiest in terms of after bills have been paid are the age bracket of the over 65’s with an average of £269.50 a month available to spend.

The report also revealed the amount of disposable income varied dependant on where people lived.  The highest being for Londoners at an average of £261, and the South East region being at £244.  People in the North East and Wales have the lowest disposable incomes at £199 and £181 respectively.

For many of us it can become a stressful time of year and even more stressful not knowing if you will have enough money to pay the bills and afford added extras each month.