New Year's Eve 'not the most important spend'
Written by David Jones
Many consumers will not be heading out with their credit cards on New Year's Eve this year, preferring to spend some cash on low-key celebrations instead, according to a new piece of research.
A study by NS&I indicates 42 per cent of people will opt for such festivities and stay in with friends, while 58 per cent of those who plan to go out will remain in local establishments in an attempt to save cash.
More than four-fifths of people who plan to stay at home on Wednesday evening say there are more important things to spend their money on than just one evening.
However, almost half (47 per cent) of those planning to head out for a night on the tiles say money is no object - and more than a quarter (26 per cent) state they would pay as much as it takes in order to get into the best club, bar or restaurant.
Dax Harkins, senior savings strategist at NS&I, states: "The onset of the New Year is an ideal time to give personal finances a health check."
Meanwhile, a study by Abbey recently suggested three million Brits plan to take advantage of introductory credit card balance transfer period rates in the first quarter of 2009.
Written by ©
