Article preview: A cornerstone of budgeting understands the difference between essential and non-essential spending. Non-essential, or discretionary spending can be more readily switch-off than our committed expenditure, offering some flexibility within budgets when times are tight, or we want to allocate more money towards long-term goals. There are times when essential spending can be cut back too. According to new research, essential expenditure fell by 6% last month when compared to April last month.
Lockdown spending is a time for budget reflection
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This 414-word blog post looks at changing spending habits during the lockdown. Written on 26th May 2020.
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