Spending Habits
Where will you spend your money this Christmas?
Over the next few days, most of the UK adult population will spend a phenomenal amount of money preparing for Christmas, spending on festive decorations, shopping for loved ones, festive clothing and enjoying extra time with friends and family.
A red Christmas for 30 million Brits
Almost three quarters (71%) of Brits will pay for Christmas on the ‘right now' this year, despite the effect of recession on household budgets according to a study commissioned by money.co.uk.
Brits to spend savings on Christmas
Brits will use £3.45 billion pounds of their savings this year to help cover their Christmas spending, with a third of us (32 per cent) planning to use 9 per cent of this year's savings - an average of £221 each, according to figures from Abbey Savings.
Mega Monday busiest ever online shopping day
Today, Visa Europe predict that in spite of the recession Brits will still spend over £175 million on Visa cards on what is now known as ‘Mega Monday’ – the busiest online shopping day of the year.
Fewer credit cards offering cash back rewards
Out of the 224 credit cards available in the UK, new research from Sainsbury's Finance reveals that only 13 are still offering cash back on spending (non introductory) compared with 43 in 2005.
Top tips for keeping costs down during Christmas
With Christmas fast approaching, moneysupermarket.com offers ten top tips for consumers looking to reduce the burden on their festive finances.
Money troubles hurting more than just the British wallet
As the economic downturn loosens its grip on the UK, the long term effect of its associated stresses and strains has begun to manifest itself on the physical and mental health of the nation. A new phenomenon - Recession Strain Injury - has been identified by Experian’s CreditExpert.co.uk and Chartered Physiotherapist Sammy Margo following a 25% increase in stress related injuries seen in her clinic - suggesting that many people are suffering physically as a result of increased financial strain.
Kids boost UK economy by £5 billion a year
Research published today by the London School of Economics (LSE) uncovers, for the first time, the spending power that Britain’s children and teenagers are wielding, even during times of recession. In total, young people are now worth £4.89 billion to the British economy each year.
Shop online for perfume and electronical bargains
Cost-conscious shoppers should use the internet this Christmas - Which? saved almost £400 shopping online for 27 gifts.
Brits spending and saving habits
Following the unveiling of last week's biggest ever UK lottery winners, new research from The Co-operative Bank Current Accounts reveals the nation's current attitudes to money.
Over 75s now face lowest rate of inflation
This month's official inflation report showed that the headline rate of inflation rose from 1.1% to 1.5% in October.
Stabilising fuel prices leads to CPI rise
CPI annual inflation was 1.5 per cent in October, up from 1.1 per cent in September, according to consumer price indices from the Office for National Statistics (ONS).
Consumers urged to shop safely online Christmas
To mark the first anniversary of the card industry's Be Card Smart Online initiative, The UK Cards Association is again running its online safety campaign - helping to remind consumers of the steps they can take to minimise their chances of being a victim of card fraud online.
The age of the big spender
Attitudes towards spending on credit cards vary drastically between old and young, according to new research from Confused.com.
Bargain hungry Christmas shoppers risk online safety
Almost 27 million people in Britain will be doing their Christmas shopping online this year but some could unknowingly sacrifice their online security.