See exactly where your money goes every month. Enter spending by category to see percentages, identify the biggest opportunities and compare against recommended allocations.
Most people substantially underestimate what they spend in most categories. A UK study found people underestimate their actual monthly spending by an average of 31%. Dining out, subscriptions and shopping are the most underestimated. The simple act of categorising and totalling every pound spent — even for one month — produces a financial clarity that no amount of intention provides.
The average UK adult pays for 8 subscriptions but believes they have 5. Unused or underused subscriptions accumulate silently. A quarterly subscription audit: list every recurring charge from your last 3 bank statements, cancel anything used less than twice in that period. The average saving: £60–£120/month.
Car owners consistently underestimate transport costs by 30–40% because they focus on fuel and ignore: insurance, road tax, MOT, servicing, tyres, parking and depreciation. The RAC estimates average UK car running cost at £4,500–£6,000/year (£375–£500/month) — far above most owners' estimates.
Three steps: (1) Download 3 months of bank statements; (2) Categorise every transaction (most banking apps do this automatically); (3) Total each category and calculate as a percentage of income. The categories where actual spending far exceeds mental estimates are your biggest opportunities. Most people find dining, shopping and subscriptions are 2-3× higher than they estimated.