And for Christmas… some good news!
Thursday 20 December 2012
You might see it as a once-a-year opportunity to celebrate love and togetherness, or an over-commercialised festival of over-spending - or something in between.
It's a major part of the UK calendar, but different people hold very different views about Christmas. When All About Money set out to do some research*, the company found that attitudes to spending at Christmas time vary every bit as much.
In first place: 21 million full-time budgeters
First, some good news. When people were asked about their attitude to spending over the Christmas period, the most common answer was 'I live within my means at all times'.
A full 43% of respondents gave this reply. Scaled up across the UK's adult population, that equates to around 21 million people. It's a healthy attitude towards money and spending at the best of times - and for families all over the country, today's economic climate means it's more important than ever.
In a similar - but more specific - category, 17% of the interviewees said they save for Christmas throughout the year, making sure they have some extra spending money when the season rolls around. Across the UK, 17% means over 8 million people.
That's quite an encouraging figure, especially when you take a closer look at that mindset. Statistically speaking, someone who saves up specifically for Christmas is probably likely to save up for other things too, whether it's a rainy day or a holiday. And being better prepared for the future means being more likely to enjoy it - and less likely to end up borrowing just to survive it.
Spenders under pressure
There's nothing like societal pressure. Millions who try to limit their costs in the run-up to Christmas are pressured into spending more. The survey found that almost 14% feel obliged to spend at least a minimum on presents, even if it pushes them over budget.
It's easy to understand: being seen as a miser isn't exactly appealing. But how much of that pressure is actually imaginary? How many people would really insist on an extravagant gift if it meant financial problems for the friend or family member it came from?
…and in last place: the Christmas borrowers
Finally, some more good news. 'I'll borrow what I need to and worry about the consequences afterwards' was the least popular answer, coming from just 3% of respondents (so an estimated 1.5 million people around the UK).
The 'borrow now & worry later' attitude might sound appealing when the festive mood is upon us, but no holiday lasts forever.
When it comes to winning Most Depressing Month of the Year, January already has freezing fog and long nights in its favour. Is there really any need to add a stack of scary-looking bills?
* Research was carried out between 24 and 31 October by Opinion Matters, who interviewed 1,478 UK adults on behalf of All About Money, a financial solutions provider that provides a wide range of financial services, including debt management advice.
13 September 2014 12:00 AM
30 August 2014 12:00 AM
05 September 2014 11:30 PM
30 August 2014 12:00 AM
The UK has slipped to 11th in the latest European league table of savers. Rob Griffin checks out the best options
22 August 2014 10:30 PM
Caroline Flint, the shadow energy secretary, says a Labour government would create a new energy regulator
22 August 2014 10:30 PM
16 August 2014 12:00 AM
16 August 2014 12:00 AM
- 1 Rihanna 'nude photos' claims emerge on 4Chan as hacking scandal continues
- 2 Frank Lampard equalises for Manchester City against Chelsea: how Twitter reacted
- 3 Kim Kardashian 'nude photos' leaked on 4chan weeks after Jennifer Lawrence scandal
- 4 Free U2 album: How the most generous giveaway in music history turned PR disaster
Scottish independence referendum: A nation divided against itself
Scottish referendum results: Cross-party consensus collapses amid Tory-Labour spat on the 'English question'
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Hilary Mantel 'should be investigated by police' over Margaret Thatcher assassination story, says Lord Bell
Plebgate MP Andrew Mitchell called officer a 'little s**t', claim court documents 'exposing ex-Chief Whip's 'record of abusing police'
Archbishop of Canterbury admits doubts about existence of God
iJobs Money & Business
£400 - £450 Per Day: Clearwater People Solutions Ltd: **URGENT CONTRACT ROLE**...
Up to £100k or £450p/d: Saxton Leigh: My client is a leading commodities tradi...
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
Day In a Page
A six-bedroom terraced house with large south-facing roof terrace, cinema room and wine cellar
A new seven-bedroom home built in Queen Anne-style with swimming pool and parkland views in Mortimer
A listed, four-bedroom farmhouse in the rural hamlet of Rushall with detached barn, four acres of gardens and paddocks
A first-floor flat with two bedrooms, a spacious reception room and communal grounds in a leafy part of London
A three-bedroom flat with a spacious rootop terrace and balcony, accessed from a private gated courtyard
A Grade II-listed pile with six bedrooms, stables and 39 acres of grounds in Standlake
A two-bedroom flat with boutique hotel-style interiors, close to the foodie haunt of West End Lane
A two-bedroom flat in a beautiful old vicarage, with many original features, close to the city centre
A three-bedroom 16th-century home with an aga kitchen, private gardens and heated outdoor pool, in Hadleigh
A three-bedrom home in sought-after Queen's Gate Mews, with Italian marble-finished bathrooms
Surrounded by glorious countryside in the village of Udimore, sits this impressive four-kiln oast and barn conversion
A five-bedroom house in the picturesque village of Kettlewell, north Yorkshire
An 18th-century former coaching inn with original staircase, open fireplaces and beams throughout
A Grade II-listed Georgian town house with three bedrooms and a south-facing courtyard, near Arundel Castle
Feel on top of the world at this über chic penthouse on the 37th floor of one of Europe’s tallest blocks.
A Grade II-listed Victorian villa with six bedrooms and two further cottages, all with spectacular sea views
A grade II-listed, Georgian cottage with mature 50ft garden, perfect for summer entertaining
A magnificent Georgian pile with turrets, seven bedrooms, a heated pool and four acres of gardens
Fairoak Farm has five bedroom suites, gym, outdoor swimming pool and golf course
Chic two-bedroom river-fronted flat with a private lift that delivers you directly to your home
A spectacular seven-bedroom Tudor pile, once owned by Henry VIII, with 18 acres of land
A seven-bedroom Georgian property previously used as a picturesque wedding venue
A split-level flat in a church conversion with two en suite bedrooms and 1,200sq ft of living space
A three-bedroom bungalow situated behind an impressive stone wall, £645,000
Windsor Castle overlooks this three-bedroom Victorian cottage located on one of Windsor's smartest roads
Chapel House is a former vicarage with nine bedrooms in the beautiful Upper Wye Valley
A five-bedroom B&B and separate owner's accomodation with potential for conversion
Enjoy summer by the Thames in this two double-bedroom converted warehouse in Rotherhithe village
A one-bedroom, luxury apartment with private gym and concierge service in Moorgate
A four-bedroom house in Hermitage Gardens with three reception rooms and landscaped gardens
A seven-bedroom Grade II-listed property with a separate self-contained apartment
A five-bedroom Victorian house with three reception rooms and galleried landing, £695,000
A six-bedroom farmhouse with five acres of land in a former cloth-making village
A secluded seven-bedroom detached house with large private garden, £490,000
A three-bedroom cottage overlooking Sarratt village green with open fires and solid oak floors
A three-bedroom maisonette flat in a Grade I-listed, Georgian townhouse in a sought-after location
A one-bedroom apartment located within a private gated development, north of Turnham Green
Look forward to a brighter future at two-bedroom Sunny Cottages, ideal for Londoners looking to downsize