Here’s the leak you didn’t know you had: The average UK household wastes £1,200 a year on unused subscriptions, impulse buys, and “I’ll sort it later” spending. That’s money that could go towards your goals - but instead, it quietly vanishes.

Fixing your spending habits isn’t about becoming boring or never buying a coffee again. It’s about cutting waste so you can spend on what truly matters.

How to assess and stop the leak

Step 1: Audit Your Last 90 Days
Download and review your bank statements or use Cheddar’s spend tracker to see exactly where your money’s gone. Spot patterns you didn’t know existed.

Step 2: Cancel “Ghost” Costs
Old subscriptions. Gym memberships you don’t use. Forgotten free trials. Cut them now.

Step 3: Use the 48-Hour Rule
Want something non-essential? Wait 48 hours. If you still want it, go for it. Most times, the urge passes.

Step 4: Set a Weekly Discretionary Budget
Give yourself a set “fun money” amount each week and stick to it (you still need to live)!

Step 5: Track Progress
Watch your waste shrink and your savings grow. It’s motivating to see the numbers change.

Cheddar Tip: Track spending automatically and get cashback on essentials, turning everyday purchases into extra savings.

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Disclaimer: This is for general information only and not financial advice. Always do your own research or speak to a qualified adviser.