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Bottom 10 towns for disposable income

Town	Net household income	Disposable income	% of net income spent on essential household bills
Nottingham	£23,411	£8,386	64.2%
Stoke-on-Trent	£23,756	£8,559	64.0%
Hull	£23,808	£8,875	62.7%
Blackpool	£24,688	£9,618	61.0%
Glasgow	£24,352	£9,495	61.0%
Sunderland	£24,647	£9,759	60.4%
Southampton	£26,304	£10,568	59.8%
Liverpool	£25,209	£10,140	59.8%
Blackburn	£25,230	£10,161	59.7%
Newport, Swansea	£25,370	£10,240	59.6%
Source: Office of National Statistics, defra.gov.uk

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

How to raise your disposable income

Putting more money in your pocket is easier than you think and doesn’t mean you have to feel deprived or hard-done by.

Get these bills down.

Save up to £325 on energy Gas and electricity bills are a major household expense, yet nearly 50% of UK households continue to pay a premium price because they have not switched. Switch with uSwitch and you could save up to £325. http://www.uswitch.com/Energy/Index.aspx?ref=toucanhome

Communicate for less cost
With even more time being spent online or texting and calling on the go, you need to ensure you are on the right broadband, home phone and mobile deal. Take advantage of huge supplier competition by comparing deals and switching to a better priced product. You could save up to £120 a year on your broadband and £113 on your mobile. Tip: Look at bundles packages where one supplier provides all your communication products for a discounted price or with extra services.
http://www.uswitch.com/Broadband/Index.aspx?ref=toucanhome http://www.uswitch.com/Mobiles/index.aspx?ref=toucanhome www.uswitch.com/Home-phone/Index.aspx

Save up to £400 on your credit card If you have an outstanding balance on your credit card you need to pay it off. To help you do this, transfer your balance to a credit card with 0% interest for a set period. This could save you up to £400 over 18 months.
http://www.uswitch.com/CreditCards/index.aspx?ref=toucanhome

Save up to £150 on your car insurance
Comparing your car insurance could get you a better policy at a lower price. Plus comparing online could save you a huge amount of time too. You just give your details once and you can compare hundreds of policies to find the right deal, with the right cover.
http://www.uswitch.com/Car-Insurance/Index.aspx?ref=toucanhome

Benefit from a financial makeover

1. Saving on your outgoings is an opportunity to increase your disposable income.
2. Be proactive, not reactive. Don’t wait for your big winter gas bill before you switch. Keep an eye on prices and rates for all your bills through the year. Remember comparing deals doesn’t cost you a penny!
3. Imagine the amount you could save by switching as giving yourself a pay rise. Never forget that every saving made is a boost to your disposable income.

As Mike Naylor from uSwitch.com concludes: “With less spending money than at any time over the last 10 years, it’s more important than ever to take control of your finances. By acting smarter and shopping around for the best deals on the market, consumers can spend more of their hard-earned salaries on the nicer things in life.”

Notes to editors

• The study into disposable income levels was conducted on behalf of uSwitch by Research Insight in September 2007

• Salary figures, tax allowances, interest rates, borrowing rates, mortgages (median), utilities (gas, electricity, water), council tax costs, television licence fees, communication costs, credit commitments, ACORN/regional affluence data were all analysed for the study period 1997-2007

• Data sources for this study included: statistics.gov.uk, lowpay.gov.uk, poverty.org.uk, dcsf.gov.uk, ic.nhs.uk, odpm.gov.uk, bankofengland.gov.uk, hm-treasury.gov.uk.