Spending Habits
‘Staycation' the holiday of choice for debt conscious Brits
Nearly one in four (38%) of the British public is trying (or will try) to spend less on their holiday this year. Of those saving money 59% are choosing to holiday at home instead of abroad, according to a recent poll by R3, the insolvency trade body.
Parents to spend £77 per child on ‘back to school' basics
As families up and down the country prepare for the start of the new school year, the Cost of a Child study from protection specialist LV=, reveals parents are set to spend £736 million on ‘back to school' basics including uniforms, stationery, sportswear and school books. This equates an average family cost of £125 or £77 per child.
Brits save £51bn a year on discount codes, offers and freebies
Britain's "freeconomy" is thriving, with bargain-hunting Britons saving £51 billion a year as they look to economise according to Halifax Home Insurance.
Brits fail to budget for summer breaks
Research from M&S Money has revealed that despite holidaymakers feeling the pinch this year, 40 per cent don't budget for their summer holiday, leaving themselves open to over spending.
A third of consumers have no spare cash
The proportion of British shoppers who feel they have no spare cash has reached a new all-time high of 32 per cent.
Credit cards - think before you spend
Only a third of credit card users (35 per cent) admit to thinking about the impact on their finances every time they use their card to make a purchase, according to research from moneysupermarket.com.
No time for change: half of us believe cash will become extinct
Over one in eight of us don't carry cash and half of us believe coins and notes will become obsolete in the future, according to research from Barclaycard and Barclays.
Parents pushed into debt by summer holiday spending
With the summer holidays now in full swing, moneysupermarket.com reveals many parents are pushing themselves into debt by paying for activities to entertain the family.
Holiday overspending is on the cards for one in three
Almost one third of holidaymakers overspent on their last foreign holiday, and have a significant lack of knowledge of how withdrawing cash overseas can pile on the pounds, according to research from N&P (Norwich & Peterborough Building Society).
Worried Brits sacrifice summer holidays to save jobs
Nearly a quarter of Brits (24 per cent) will miss out on summer holidays this year, due to financial pressures, mounting workloads, and fear of being made redundant, research released by insurer swiftcover.com has found.
Brits splash the cash on summer
Even with the rain clouds gathering over the British summer, new research from BM Savings reveals the average amount Brits spend enjoying the summer months.
Brits to spend £1.47 billion abroad this summer
As the final bells rang on the school term last week and thousands of holidaymakers jet off to sunnier climates, Barclays predicts that Friday 29 July will be the peak day for spend abroad this summer, with Brits spending £43 million overseas via debit cards on this day alone.
Consumer confidence falls back by four points in June
Consumer confidence fell four points in June, according to the latest Nationwide Consumer Confidence Index.
Holidaymakers set to spend an extra £365 on holiday
Despite the economic climate, new research from M&S Money has found almost a third (32 per cent) of holidaymakers believe they will spend more money while abroad this year, on average an extra £365 each, and 32 per cent of those believe the additional expense is due to rising inflation pushing up the cost of living.
Poor customer service sees UK consumer walk-out
Consumers in the UK are rebelling against poor customer service and are voting with their feet according to new research from American Express.