Sainsbury’s Bank estimates that approximately £11.4 billion will be withdrawn from UK ATMs this December, equating to over £367 million per day. The supermarket bank says it expects the number of cash withdrawals to increase by 3 million compared to December 2012, taking the total number of withdrawals in the month to around 164 million.
New research into the Nation’s Christmas spending plans, reveals that on average we expect to fork-out £367 over the festive period on food, drink, presents, parties and greetings cards, but 23% say they will need to borrow money on a credit or store card to pay for it.
The Christmas countdown is on and with three weeks to go, MoneySuperMarket reveals nearly a third (30 per cent) of Christmas spenders won’t be able to make their November salary last to fund the festivities.
Just as inflation hits a 13-month low, MGM Advantage, the retirement income specialist, has published data which shows one in two people have cut back on spending over the past year to makes ends meet.
Parents will spend £86 per family on days out this October half-term according to research from American Express.
Hidden credit card purchases are causing rifts between couples, with one in ten Brits separating or divorcing their partner as a result, according to research from MoneySuperMarket.
Two thirds (64%) of people see themselves as good with their day-to-day finances, according to new research from budgeting account provider thinkmoney.
Millions of people are being forced to give up their once-treasured hobbies because they can't afford to carry on, new research out this week has found.
Travellers are shunning the traditional peak holiday season to make October the busiest month for cash withdrawals abroad, according to figures from Norwich & Peterborough Building Society.
Brits love an excuse to let their hair down with a night on the town, and new research from Budget Direct shows that they get more for their money than residents of major US and Australian cities.
Workers in the UK collectively spend £67 billion per year on costs they incur specifically because of their job, and these costs are rising, according to research from Santander.
Over half (53%) of Brits have haggled with retailers or service suppliers to bag a bargain on a range of items from new vehicles to furniture and mobile phones to cosmetics.
With card payments increasingly the norm, perhaps it should come as no surprise that people typically don't carry much cash nowadays.
The Lloyds Bank Spending Power Report for August found that consumer confidence is rising, reaching a record high, at 115 points, since the survey began in November 2010.
More Brits stayed loyal to their mortgage provider in the last year, than their employers or partners - only 2% switched their mortgage compared with 11% changing jobs and 3% changing their partners.
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