Changes in household spending since the coronavirus (COVID-19) lockdown, include a fall in spending on non-essential items, spending on leisure pursuits halted by the lockdown. These include holidays, house moves, eating out, clothing, hairdressers and trips to the cinema, theatre and museums, potentially reducing the typical household’s average weekly spending by 35%. Many households continue to navigate through unforeseen circumstances. Now is the time to keep saving and spending habits under careful and regular review. Seeking professional financial advice could help you to manage your spending and saving in future.
