What counts as essential spending
Essential spending includes the things you must pay for every month to live, like rent, food, and bills.
What's included in essential spending
Rent or mortgage payments
Your monthly housing costs
Rent or mortgage payments
Your monthly housing costs
Rent or mortgage payments
Your monthly housing costs
Rent or mortgage payments
Your monthly housing costs
Utility bills
Gas, water, electricity
Utility bills
Gas, water, electricity
Utility bills
Gas, water, electricity
Utility bills
Gas, water, electricity
Council tax
Local government charges
Council tax
Local government charges
Council tax
Local government charges
Council tax
Local government charges
Food and groceries
Regular supermarket spending
Food and groceries
Regular supermarket spending
Food and groceries
Regular supermarket spending
Food and groceries
Regular supermarket spending
Insurance
Home, car, health
Insurance
Home, car, health
Insurance
Home, car, health
Insurance
Home, car, health
Loan repayments
Regular debt payments
Loan repayments
Regular debt payments
Loan repayments
Regular debt payments
Loan repayments
Consistent transfers into your account.
Transport
Fuel, public transport, parking
Transport
Fuel, public transport, parking
Transport
Fuel, public transport, parking
Transport
Fuel, public transport, parking
Childcare or family costs
Regular family expenses
Childcare or family costs
Regular family expenses
Childcare or family costs
Regular family expenses
Childcare or family costs
Regular family expenses
Medical, dental and eye care
Healthcare expenses
Medical, dental and eye care
Healthcare expenses
Medical, dental and eye care
Healthcare expenses
Medical, dental and eye care
Healthcare expenses
Why your essential spending matters
These regular expenses reduce your spending power. Lenders look at them to make sure you're not financially overstretched.
Understanding your essential spending helps you see how much of your income is already committed each month, which affects how much you can safely borrow.
These regular expenses reduce your spending power. Lenders look at them to make sure you're not financially overstretched.
Understanding your essential spending helps you see how much of your income is already committed each month, which affects how much you can safely borrow.
Ready to understand what you can afford?
Ready to understand what you can afford?
Download the Boshhh MoneyApp today and get your personalised affordability score in minutes.
Download the Boshhh MoneyApp today and get your personalised affordability score in minutes.
Frequently asked questions
Frequently asked questions
Frequently asked questions
Here’s everything you need to know about how Boshhh Money app works, from your scores to our credit-building SIM.
What is considered essential spending?
Does Boshhh MoneyApp track my spending automatically?
Can reducing my essential spending improve my affordability?
Is entertainment or dining out considered essential?
Why do lenders care about essential expenses?
What is considered essential spending?
Does Boshhh MoneyApp track my spending automatically?
Can reducing my essential spending improve my affordability?
Is entertainment or dining out considered essential?
Why do lenders care about essential expenses?
What is considered essential spending?
Does Boshhh MoneyApp track my spending automatically?
Can reducing my essential spending improve my affordability?
Is entertainment or dining out considered essential?
Why do lenders care about essential expenses?
What is considered essential spending?
Does Boshhh MoneyApp track my spending automatically?
Can reducing my essential spending improve my affordability?
Is entertainment or dining out considered essential?
Why do lenders care about essential expenses?
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
10,519+ Users
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
10,519+ Users
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
Trustpilot
Feel in control of your money again
Download the app to get your credit score and start to understand your affordability, all for free.
Boshhh MoneyApp
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Boshhh MoneyApp
4.24
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