Bonus Material

SESSION 1 BONUS

More on Savings and Spending

So what do people spend their money on anyway?

Average Household Budget in the UK

https://www.nimblefns.co.uk/average-uk-household-budget Updated March 10, 2022

• In 2020, the average UK household budget was £2,548 a month (£30,571 a year) based on an average of 2.4 people per household.

• Brits spend the most on transportation, housing and food. In fact, 14% of household budgets go towards transportation, up to 30-35% towards rent or mortgage interest payments and 11% on food.

• The average UK household spends £7,000 on utilities, communications & TV services and other household operational and maintenance expenses like insurance and council tax, as well as household goods & services.

• Of those renting, the average monthly rent in the UK is now £871 for private renters and £446 for social renters. The average spent on mortgage payments is around £733 a month.

• The second largest cost for the average UK household, behind housing, is transport. An average of £4,820 is spent per year to get around.

• The third largest household budget category is food. The average UK household spends £3,312 a year on groceries and non-alcoholic drinks at home.

• The typical UK household saves £180 per month—this represents the median amount saved each month. That means that 50% of households save less than £180 a month and 50% of households save more.

Where Households Spend Their Money

Here’s a full breakdown of the average spending by category:

ESG CURRICULUM RTSWS Session 2

Welcome to RTSWS Session #2!

• Be sure you have a pen, pencil or writing utensil • Grab a snack • Get ready to share your name, grade and a hobby you enjoy outside of school

RTSWS COHORT NORMS

Let’s review our RTSWS cohort norms. These are the expectations for our RTSWS sessions that we set during session #1.

Norms: The behavioral expectations or rules of the class. Class norms inform us how we are expected to behave towards each other and the materials we use.

• Come prepared to be a part of RTSWS with your handbook, a writing utensil and a positive attitude. • Be kind and encourage one another - we are all in this together! • Ask questions, share your opinions and let the volunteers know when you do not understand something.