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Revellers plan budget celebrations
Published: 30/12/2008 |
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New Year revellers are planning to stay local and enjoy budget celebrations. More than half (58 per cent) who want to go out and party will stay local to save money and 42 per cent will stay in and celebrate with friends, a survey by National Savings and Investments has found. "It is good to see that people are finding creative and less expensive ways to celebrate in an attempt to avoid a New Year hangover," commented senior savings strategist Dax Harkins. The research found people will also cut down the number of parties they attend but also revealed a hard core of party goers with little care for the cost of celebrating. Of those set on going out, 47 per cent said cost was not a factor and 26 per cent said they would pay as much as needed to get into the venue of their choice. "The onset of the New Year is an ideal time to give personal finances a health check, to work out budgets and to set your savings goals for the year ahead," Mr Hawkins advised. Money education charity Credit Action has calculated personal debt has increased by 4.7 per cent on the last 12 months, to £1,455 billion.  |
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