Spending Habits
How to manage your festive finances
As it’s revealed that the average household debt in the UK has reached £9,000, one financial support network have raised their concerns as we enter the festive season.
Kids and TV: Britain's festive focus
Many people celebrating Christmas are willing to cut-back on presents and luxuries to save money, but research from the Money Advice Service shows two areas where people simply won't skimp: kids and TV.
Loyalty points paying for Christmas
Four in ten people (40%) will use loyalty point schemes to help meet the cost of Christmas this year, according to latest research from Halifax.
Brits plan to spend £8.5 billion on Christmas presents
Brits are planning to spend an average of £325 per household on Christmas presents this year, according to research from Tesco Bank Home Insurance, with one in ten planning to spend over £600 on gifts for their friends and loved ones.
Spending power flat as consumers remain squeezed
As we enter into a period of increased consumer spending while people get ready for the run up to Christmas, the Lloyds TSB Spending Power Report reveals that people had the same amount of money left over at the end of the month to spend on discretionary items in October as they did a year earlier.
Brits to spend £1.2 billion on Christmas exodus
Brits will spend a collective £1.2 billion travelling to see friends and family over Christmas, according to research from the Santander 123 cashback credit card.
Brits set to spend over £22 billion on Christmas cheer
With just over 30 shopping days until Christmas and only one more payday for most, new research from MoneySupermarket predicts festive expenditure is set to top £22 billion with Brits splashing out an average of £445 per person this year.
Cash-strapped Brits will be cutting back this Christmas
Over half (54 per cent) of UK adults will be forced to cut back on their Christmas spending this year, with the average amount spent per adult decreasing from £240 last year to £213 this year, according to research from VoucherCodes.co.uk.
The bare necessities: holidays, posh grub and smartphone apps
Items once considered ‘life's little luxuries' such as regular holidays, posh food at home and smartphone apps are now firmly on the ‘bare necessities' list according to a report by protection specialist LV=.
Breaking even - Average family needs to earn nearly £25k
The average British family now needs to bring home £24,801.51 a year – just to break even, research has revealed.
Tips to help keep Christmas spending under control
With Christmas fast approaching and many households feeling a financial squeeze, keeping spending under control is more important than ever.
Brits most worried about household bills
Britons worry more about household bills than family issues, pressures at work or relationship problems, according to a new Europe-wide survey by leading insurer Zurich into what keeps people awake at night.
Money worries - cash slinks higher up our list of priorities
Millions of Brits rank money more highly than friendship, health – and even their families, a study has revealed.
‘Kidflation’ continues to hit children in the pocket
‘Kidflation’ continues to hit children in the pocket, according to research from Santander Credit Cards, which reveals that the rate of inflation for goods and services most commonly bought by children has risen at a rate two-thirds (68 per cent) faster than inflation (RPI) over the past year.
‘Squeezed-middle ages' getting squeezed further
Britain's "squeezed middle ages" need an additional 32% of their income in order to feel financially secure as the economic climate continues to take its toll.