How having cash left over after paying bills builds your credit
The money you have left to spend after you’ve covered your essential bills is known as ‘discretionary income’. Essential bills include:
- Rent or mortgage
- Gas and electricity
- Council tax
- Water
- TV and internet
- Mobile phone
Why we care about discretionary income
If you have more cash left over after paying bills, you can generally pay off more debt.
For example, if you’re paid £3,000 per month, and have £1,750 left after you’ve covered your essential bills, you have around 58% discretionary income.
Lenders like us look at this score to see if you’re able to pay your bills and take out more credit, if you want to.
We can soon reward you for this
We'll be making and experimenting with new features to help you see your cashflow – in the meantime, let us know what you think of Grow by leaving feedback.
To get ahead of the game
- Link all your bank accounts to Keebo
- Try to reduce your monthly bills
Do you need Amazon Prime, Disney+, Netflix, Now TV and Spotify? Reducing your monthly bills can increase your discretionary income, and improve your Keebo points. As well as helping you cut down on couch time.