The ten biggest money wasters and how to avoid them

clock

Overpaid utility bills top the table of the nation's biggest "money leaks", according to a new study.

This article first appeared on Your Money. Paying ATM fees to withdraw cash, avoidable credit card interest and charges, club memberships and TV channel subscriptions also feature in the list of the top 10 money wasters that leach funds from Brit's bank accounts. The research by website Gocompare found that most of the top money wasters are linked to our tendency to set-up and forget financial arrangements, or by things we do not get round to like shopping around for a better deal or cancelling an unwanted subscription.   Rank The UK's Top 10 Money Leaks  % 1  Credit built u...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Technology cited as main barrier to private market access for advisers

Technology cited as main barrier to private market access for advisers

Follows Oliver Wyman’s and Clearstream’s private markets whitepaper

Sophia Panayi
clock 04 August 2026 • 3 min read
Ascot Lloyd links up with BlackRock for investment offering

Ascot Lloyd links up with BlackRock for investment offering

A move to a single investment provider

Isabel Baxter
clock 04 August 2026 • 2 min read
Beyond London: Adviser opportunities in regional investment

Beyond London: Adviser opportunities in regional investment

Hugi Clarke unpacks the regional growth agenda

Isabel Baxter
clock 31 July 2026 • 1 min read