Have you ever tried to manage your spending and found the task to be nearly impossible? You might be asking yourself “where is all my money going?”
We set out to answer this question.
One way to find out is a thorough investigation of your bank statements. Instead, we explored the latest household expenditure statistics from across New Zealand.
The charts below are interactive. Click to highlight points of interest and hover-over for more information.
Without surprise, housing and household expenses came up first with food and transport following in second and third place. An estimated $170 (13%) of weekly household expenses are discretionary and could be reduced if you wanted to. On top of that, around 34% of all expenses could be optimized for better pricing. These include electricity, groceries, insurance and interest rates along with a few other items. See the table below for a more comprehensive overview of weekly household expenditure.