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Spending Habits

Young, free but no spending spree

Young, free but no spending spree

While many view the Millennial generation to have a carefree view of both commitments and finances, it seems the impact of the financial downturn on this generation is causing sleepless nights.

Pay-day millionaires’ struggle to make ends meet

Britain is a nation of ‘pay-day millionaires’ millionaires, with nearly one in 10 (8%) Brits spending more than three quarters of their salary within the first week of getting paid, according to new research from Confused.com.

Be your own Chancellor and reduce your annual bills by £3,500

Chancellor George Osborne will reveal the changes he’ll be making to the nation’s finances in the Budget on Wednesday, however MoneySuperMarket urges bill payers to take control of their own finances and fight back, regardless of what the Chancellor announces.

1 in 10 Brits have £10 or less left of their pay after paying their bills

Research conducted on behalf of thinkmoney shows that one in 10 adults (10%) in the UK has just £10 left to get them through the month after they’ve paid their essential bills, such as food, rent or mortgage and travel.

Spending power confidence returns to all time high as price pressures ease

The latest Lloyds Bank Spending Power Report shows a positive swing in consumer confidence in January, taking the overall index up by four points to its highest level (154).

Half of Brits paid earlier than usual in December struggle to meet their bills by mid-January

As 2014 draws to a close, more than a third (35%) of us will be facing January with a financial hangover, having over-spent at Christmas by an average of £207.

The £865 million UK price tag of 'sale shopping fails'

Brits hell bent on bagging a sale bargain ended up wasting a huge £865 million over the last year on botched sales purchases they later regretted, finds MoneySuperMarket.

A quarter of UK adults plan to reduce spending in 2015

A quarter (25%) of UK adults plan to reduce their spending in 2015 as they expect next year to be harder on their personal finances, according to research released by the Money Advice Service.

Over 23 million people will finish their shopping on Christmas Eve

Around 23.6 million people (49.9%) have left some of their festive shopping until the last minute and will be hitting the shops on Christmas Eve, according to research from Sainsbury’s Bank Credit Cards.

Many happy returns - £223m worth of Christmas gifts will be returned this year

£223m worth of unwanted Christmas gifts are set to be returned this year and Gocompare.com is urging people to check retailer’s returns policies before heading to the shops, as 45% of Brits who have tried to return gifts in the past said they had been unsuccessful.

Consumer confidence records new survey highs in 2014

In the lead up to the festive season, consumer confidence has increased to reach its highest score since the start of the index, climbing three points to 154, according to Lloyds Bank Spending Power Report.

Generous pensioners plan to spend £4.2 billion entertaining this Christmas

Many people will be rockin’ around the Christmas tree with the 5.8 million pensioners (53 per cent) who will host friends and families at home on Christmas Day this year, according to new research from Prudential.

1 in 5 Brits plan to book a holiday in January

One in five Brits say that they plan to banish the post-Christmas and January blues by booking a holiday in January.

Festive finance - Five ways to be financially savvy this Christmas

Christmas is a time of good cheer and festivities, but for some the sheer cost of this time of year can be a stark reminder of the need to keep a handle on your finances.

Don't ruin your Christmas - avoid fakes

With Christmas spending in the UK set to reach £22billion this year criminals will be on the prowl to take their share of the profits, cashing in on consumers looking out for good deals to ease the financial strain.