Spending Habits
Consumer confidence towards UK economy continues to climb
Consumer confidence has continued its upward trend, rising six points from last month and reaching a new survey high at 129 points, according to the Lloyds Bank Spending Power Report for January.
Seasonal excess leaves many with a financial hangover
Many of us have suffered the next day after over-indulging over the festive period, but research from Halifax has found more than half of consumers will still be enduring a 'financial hangover' well into 2014.
Brits determined to make 2014 the year of their dreams
50% of Britons have set themselves the goal to make 2014 the year to take a dream holiday or go travelling, according to Experian CreditExpert.
The rising cost of living is the biggest financial worry for 2014
A new survey into the UK’s New Year money worries reveals that increases in the cost of living and rising bills are Nation’s main financial concerns for 2014.
Brits forced to use savings to cope with the rising cost of living
With the rising cost of living taking its toll on UK household finances, a poll by MoneySuperMarket shows that two third of Brits (62 per cent) have had a dip into their savings this year at some point, with a third (28 per cent) doing so to fund general living expenses.
£12.7 billion to be spent during the last week before Christmas
People on average intend to spend £268.70 each during the last week before Christmas Day, or in total £12.7 billion, according to Sainsbury's Bank However, 5.15 million people are planning to spend over £500.
London is shopping locally this Christmas
London is going local this year with almost two thirds of Londoners (62%) choosing to shop at small independent outlets this festive season, according to new research by TSB.
£11.4 billion to be withdrawn from UK cash machines this December
Sainsbury’s Bank estimates that approximately £11.4 billion will be withdrawn from UK ATMs this December, equating to over £367 million per day.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.
£367 - what the average person will spend on Christmas this year
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.
Costly Christmas needs careful budgeting
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.
One in two people say they have cut back to makes ends meet
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.
Families set to spend over £600 million on days out this half-term
Parents will spend £86 per family on days out this October half-term according to research from American Express.
Credit card confessions: Brits reveal truth behind their secret spending
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.
Are you savvy with cash or rubbish with money?
Two thirds (64%) of people see themselves as good with their day-to-day finances, according to new research from budgeting account provider thinkmoney.
Rising costs mean pastimes are being ditched
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.