Brits are wasting a huge amount of money on frivolities each month, despite saying money is tight.

According to a poll by Bright Grey, the average person wastes £28.90 each month on things they don't need, while a staggering one in twenty people fritter away as much as £100 each month.

Men are more likely to waste money, spending an average of £30.80 per month on non-essential items, while women spend the slightly lower figure of £27.30 in the same period.

The reason may be simple, UK adults are tempted to spend the money in their purse or wallet, with the average person carrying around £27.40 in cash with them each day.

Roger Edwards, proposition director, Bright Grey, said that the figures were alarming in a period of financial uncertainty.

"Individuals should try to ensure they are getting the most from their money particularly in a climate where every penny counts," he added.