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Spend wisely

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When you have competing demands for your money, it can be hard to make good decisions about what to buy and how to spend.

You may find it helps to put your expenses into Needs, Wants and Savings or Reducing debts.


These are the unavoidable costs that help to keep you and your loved ones safe, warm and fed. They include your mortgage or rent, food shopping, utilities, transport, as well as minimum payments on loans and borrowing. Remember to include any tax you owe, unless it has already been deducted from your salary by your employer.


These are all the things you spend money on that are not absolutely essential. They include meals out, going to the cinema, new clothes, gym membership, holidays and concert tickets.

Savings or reducing debts

Savings might be for emergencies, short-term goals (like a holiday) or longer-term plans (such as retirement). Debts include any debt repayments you make each month, in addition to any minimum payment requirement.

When you make decisions that involve spending, it's a good idea to keep these 3 categories in mind. If you notice that you are spending too much in any single category, it could be an indicator that you need to adjust your spending habits.

HSBC China offers you a wide range of products and services for savings accounts and time deposits, empowering you to accumulate and manage your wealth with ease for all your future plans.

Learn more about deposit products and offers

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