New research2 has found that the typical adult spends £496 per month on regular commitments, but £39 of that accounts for services that aren’t used.

The most wasted outgoing is for gym membership, with 12% saying they pay for it, despite not using it. Other unused services include redundant mobile phones and streaming services.

The survey found 38% of Britons review their direct debits and standing orders only every six months, one in 10 check them less than once a year and 2.6 million (5%) admit to never checking them. Why not make this part of your financial spring clean?

2 Nat West, 2020

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