2023 Spending Fun Fact Report

The lead category was ‘Savings and Investments’, which seems to indicate that HSBC customers have made use of FinFit tips to become Downturn Winners. They’ve taken the test to understand their own FinFitness, and started engaging in diversified and balanced investments. 

Of course, it comes as no surprise that ‘Travel’ was a close second! Given that revenge travel was a popular phenomenon this year, the median transaction amount in Japanese Yen increased by 150% compared to 2022! Keep the HSBC ‘CFO Lions’ advice in mind and use the HSBC HK App to set an FX Rate Alert for easy foreign currency exchange at your preferred price. This way, you won’t have to wait around all day… 

So now you’ve seen your money situation, how exactly should you plan ahead? The HSBC ‘CFO Lions’ say that as long as you know how to use ‘Budget’ on the HSBC HK App and make use of functions like ‘Upcoming Recurring Expenses’, you can take control of all your expenses at your fingertips. Last but not least, the HSBC ‘CFO Lions’ are also preparing your personalised Year In Review report **! Let’s use it to continue to monitor our financial habits!

^Remarks:

^{*2023 Spending Fun Fact Report: Data comparison and analysis are based on the transaction records from HSBC bank accounts and/or credit card accounts of HSBC’s customers during the period from 1 November 2022 to 31 October 2023 and the period from 1 November 2021 to 31 October 2022.}

^{#The HSBC HK App 'Budget' is a personal financial management tool that allows you to easily track your transaction records and receive data-driven personal insights on how to manage your money, directly from the app.}

^{^Data source: The average number of visits to the HSBC HK App ‘Budget’ in respective age groups (Age groups: 11-17, 18-22, 23-27, 28-34, 35-44, 45-54 and 55-64) during the period from 1 November 2022 to 31 October 2023.}

^{**Applicable to existing HSBC customers who have opted-in for marketing emails.}