Overview
- The Smart Energy GB–commissioned study, published November 18, surveyed 2,000 UK adults about ten money‑tracking tools.
- Researchers estimate combined use could approach £2,000 in annual savings, with average gains of about £241 from budgeting apps and £220 from self‑made spreadsheets.
- Targeted trackers delivered notable reductions, including roughly £206 from flight alerts, £195 from hotel trackers and £155 from petrol price checks.
- Around four in ten people use smart meter displays; 42% of those users check daily and 66% consider them key to budgeting, with average savings of about £174.
- Among people who track their spending, 86% report feeling more in control of their finances and 55% cite saving money as their main reason for using these tools.