(PRWEB UK) 15 November 2012
A new survey has revealed that the average British family needs £24,801.51 every year to cover essential costs such as mortgage or rent, utilities, insurance, food, petrol, phone bills and clothing.
To have that amount as disposable income after tax and national insurance, a family would have to earn over £30,000 a year.
The survey of 2,000 people by Skipton Financial Services revealed that mortgages were the biggest cost, with an average yearly cost of £4,514.88. Food was second costing £4,491.24 per year, followed by petrol at £2,667.
The figure has increased by £129.35 compared to last year, and the research excluded luxuries such as holidays, meals out and unplanned shopping.
A spokesperson from Dosh Express said:
“The cost of living is increasing for many British families and some may be finding it harder to cope. With money tighter than ever, it’s important to keep track of household finances and work out a monthly budgeting plan so you can handle all your outgoings and avoid any nasty surprises. We suggest searching around for cheaper deals where possible and cut down on any unnecessary expenditure.”
Dosh Express is the Honest Lender, helping you get to payday. Based in Derby, in the Midlands, the company’s mission is to provide a great lending service to thousands of our happy customers and be a great place of employment for our staff. Please visit doshexpress.com to apply for a loan, and if you are approved cash is usually deposited in your account within minutes, subject to status. Dosh Express, the trading name of Dosh Express Limited, is a consumer lender offering short-term payday loans, is a member of the Consumer Credit Trade Association (CCTA), and is licenced and regulated by the Office of Fair Trading.