Blog     15 Mar 2016   7,115

Spending & Saving Habits Across the UK

Spending & Saving Habits Across the UK

  • 22% of Wales go over budget regularly
  • 46% of North East are debt-free
  • 23% of West Midlands struggle to pay credit card bills on time
  • Scotland are the biggest savers with 21% of Scottish have saving of £30k
  • South East are the most sensible spenders with 55% of people only buy things when they can afford


People in Great Britain share different attitudes when it comes to spending and saving habits.
2,000 participants from around were quizzed on how they manage their money, here are the findings…

Biggest Savers

It may be surprising, but it’s Scotland. 21% of Scots say they had over £30,000 in savings – a greater percentage than any other region of the UK. In comparison, just 14% of Londoners said they had as much saved up.

So how are the Scots doing so well with saving money? The survey also asked “Do you generally keep track of your spending?” and we certainly saw a trend between this and average amount of money saved. The Scots came out top, with 59% replying “yes, all the time”, whereas Northern Ireland came second to last, with 16% saying they kept no track at all of their outgoings.

Another great saving tactic is to stick to a budget and add to your savings every month. East Anglia was the most likely to never go over budget (33%) and the most likely to put money away every month (37%), putting them in a cool second place for most savings.

Being a big spender doesn’t necessarily make you a bad saver, depending on how much you earn.  So which region is taking it a step too far? Here’s what each region is managing to save a month, on average:


London residents are managing to put away £269.07 a month – that’s £61.55 more a month than the average for the rest of the country. However, we can see from the graph, Londoners aren’t managing to hold onto as much of their extra cash as other regions. Perhaps that’s because over 20% of Londoners admitted to turning a blind eye to their finances.

It doesn’t help that Londoners have so many credit cards, with an average of two per person. Over a quarter of respondents said they had between three and four!

Londoners were also most likely to regularly eat into their savings and to spend money whether or not they had enough. Perhaps that’s just the nature of London life?


Its’ clear that the UK’s spending and saving habits are extremely different across the landscape. Furthermore, the national average income can really do with a boost. That’s where Profit Squirrel comes in. You can easily earn and save £500 extra per month, tax-free. It will make a huge difference to the national average savings and spending – Is it time you lived comfortably?

Join Profit Squirrel for free today.

Sources: Lending Stream UK, Highcarts.

Jason Robertson

Jason Robertson

Community support member

I dedicate my spare time to making Matches so I can spoil my 3 little angels. A teacher from Merseyside, love cooking and reading. Liverpool's #1 fan!

Comments (1)



5 years ago

hmm..I guess the fastest way to summarise this article... Get Squirreling! :P

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