Mortgage free: Homeowner shares

Treating oneself here and there is a decision some may take for a wealth of reasons – but it seems non-essential spending soon adds up.

Staggeringly, analysis has found British households could save nearly £2,000 per year, if they halved the amount they spend on “non-essentials”.

Using Office for National Statistics data, Atom has calculated that if British homes halved their outgoings on things such as takeaways, beauty treatments and alcohol, they could save £1,899 annually.

Edward Twiddy, Chief Customer Officer at Atom bank comments: “With the huge changes we’ve seen in the financial climate this year as a result of COVID-19, it’s more crucial than ever before for people to understand their finances and how to get the most out of their earnings.

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