You are here: Home - Credit Cards & Loans - News -

Habit of thrift well-established among Brits, finds survey

0
Written by:
05/01/2015
Thrifty Brits make full use of vouchers and discounts.

Thrift is alive and well among cost-conscious Brits, with one in four having used free gifts from shops as Christmas gifts for friends and relatives this festive period, according to research from customer insight specialist Aimia.

Around one-third of Brits expected to spend more on the holiday season compared to last year, but 88% planned to use rewards, points or deals to cut the cost of Christmas.

Over a third of people expected to use more offers and discounts than they did in 2013 and 36% planned to use loyalty points and rewards more than they did in 2013.

The research shows that bargain hunting and loyalty points have become a central part of household budgeting. 22% of those surveyed said they would struggle to afford the cost of Christmas were it not for loyalty points and rewards. Likewise, 32% agree that offers and discounts are essential for making Christmas affordable.

Jan-Pieter Lips, President of Aimia, EMEA, said: “During the recession we developed new coping mechanisms, such as points collecting and rewards seeking. These have now evolved into normal behaviour, which is even more pronounced at Christmas.”

Savvy shoppers were also willing to use free gifts from shops as Christmas gifts for others, buying gifts at a reduced price and waiting until the Boxing Day sales to pick up bargain-priced presents.

 

 

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Seven ways to get help with energy bills this winter

We knew today’s announcement was going to be painful, but it’s still a shock to the system. When this kick...

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week