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Merryn's Blog

Think you spend too much? You're probably not as bad as this lot

Merryn Somerset Webb meets the UK's worst over-spenders in the first episode of 'SuperScrimpers: Waste Not Want Not', tonight on Channel 4.

Think you over spend? You haven't met the Jain family. They have a combined income of £106,000. And they can't live within it. Instead they spend £2,000 a month more than they earn. On what?

You might well ask. They spend around £50 a week on takeout food. They spend £4,000 a year on their gas-guzzling car. And they spend nearly £1,000 a year on their dog. Oh, and then there are the clothes. Mrs Jain has a wardrobe packed full of expensive gear that she doesn't wear: look closely and you will see many of them still have their labels on.

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Enter Mrs Moneypenny. The FT columnist and one of my oldest friends is here to set the like of the Jains straight on money matters. You can see how she does it tonight at 8:30pm in the programme she and I are co-presenting on Channel 4 Superscrimpers.

And while she has been doing that, I've been pounding the streets of London in the kind of extra-smart clothes I don't often get to wear, asking people about the last taboo their money. Some haven't been keen to chat. Most have been amazingly open. Then again, I did bribe them. Find out how at 8:30pm tonight.

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