Calculators
-
Mortgage Calculator
See how much mortgage you can have
-
Debt Calculator
Work out how we can help you manage your debt
Contact us...
5 Ways the Credit Crunch Has Changed Womens Financial Habits
The economic downturn has had an effect on all of us, including women. Find out how the economic downturn is changing the way women are spending their money.
How Women’s Finances Have Changed:
Less Gifts on Partners:
Research from Santander Credit Cards has shown that the annual spend on ‘the other half' has fallen from £1,103 to £879 in the last year. The research shows women have reduced what they spend on their partners by 23 per cent, compared to 18 per cent for men. Women spend on average £876 a year on their spouse or partners for their birthday, Christmas, anniversaries, restaurants, drinks and other outings.
Charity Shop Boom:
Figures from Norwich & Peterborough Building Society show that twice as many women as men have started buying clothes in charity shops. A quarter of people, both men and women, have also started taking a packed lunch to work, with those aged 25 to 34 years old most likely to have home-prepared food for lunch.
Delaying Retirement:
Friends Life research shows a growing trend of many working women in their fifties delaying retirement in order to help their adult children. The figures show that more than half 56% of working mothers expect to help their children get on the property ladder, and 51% are prepared to help their children pay off their student debt.
Cutting Back on Day Trips:
Over the school holidays mums made cutbacks on the number of days out in a bid to save cash. Research from American Express shows that the cost of family days out has risen from an anticipated £60.80 per outing per child in 2010 to a potential £73.81 per child for each trip in 2011.
Additional figures from American Express shows that mums are twice as likely as dads to trade loyalty and reward points for vouchers and tickets to entertain the kids. Women are also far more likely to look out for special offers such as discount entrance tickets or vouchers for ‘2 for 1' meals to make day trips and activities cheaper.
With this in mind, head on over to our vouchers and shopping page for our latest money saving vouchers.
Moneyextra.com recommends you take independent financial advice before acting on any article
Back2011-09-20 08:44:30 © Moneyextra.com