Cardiff family lifestyle, arts and culture blog.

2/10/2018

How do You Spend Your Monthly Money?

*This is a sponsored post.

I don't know about you, but when our money goes in at the end of the month, the majority of it hops back out again to pay for rent, bills and all the other boring bits of this thing we call life. Despite this, I always think it's nice to have a little treat each month to look forward to!

Whether it’s a pub lunch with friends or a mid-week family takeaway, I often wonder how much the UK folk spend on treats and how we compare to the rest of Europe. Luckily for us,  Hotel linen provider, Shortridge Laundry has all the interesting details already: 

Eating Out In 2016


Eating out was recorded as the most popular leisure activity in the UK – apparently 85% of UK consumer spending was spent on going out to eat in the first quarter of 2016.  On average, the people of Britain eat out twice a week, managing to spend £44 per week in total! 

This equates to £176 per month or a staggering £288,000 over the course of a lifetime. Not only that, but 18 -29 year olds spend double this figure, racking up £88 per week in restaurant bills per week, or £352 per month! Only the Spanish eat out more regularly than us Brits, with a total food and beverage market worth of $133 billion and Italy comes in third!

Hotel Stays...

Recent research from Point A Hotels suggests the typical Brit spends £62,000 on a total of 378 different hotel stays during their entire lifetime. 

Transfer this to a night-by-night basis, and this means we'll spend an average of £52 per night on a hotel. This is normally the cost of a standard hotel room from my experience, suggesting that budget and mid-range hotels are most popular in the UK. Trust me, I know my budget hotels!

Further research suggests that 70% of hotel guests never make use of the hotel gym or spa, which makes sense when you're on a leisurely adventure. The last thing on my mind whilst we're away is exercise! It's also cheaper to choose a hotel without these kind of facilities, right?! In contrast, according to a report by Kayak, 72% of Swiss travellers will book a luxury hotel. 


Beautification 

When you've had a long and tiring working week, a good old pamper can certainly help! Whether it’s heading to a spa or impulse buying the latest (cruelty free) beauty buy, how much do us Brits spend on beauty every year? Well TotallyMoney.com know the answer! Apparently, the average Brit will spend £4,454 on beauty products, including makeup, haircuts, gym memberships,beauty treatments and clothes. However, this figure depends on the region — in Leeds, the beauty spend reaches a whopping £7,000 per year, while in London it stands at £6,300. According to 2014 statistics, European consumers spend €129 on cosmetic products per year. Norway has the highest average cosmetics spend, nearing €250; but while these figures seem quite low, they don't take into account other expenses (spa and beauty treatments.). 


In recent years, the cosmetics industry seems to be the top-performing category in the UK Health and Beauty sector – sales were up £100m from 2015-2017.  Will this trend continue into 2018?

The little extras 

Apart from eating out, enjoying hotel getaways and beauty treatments, there are a few little extras that add up over the year too - resulting in bigger spends! 


Buying clothes 

So, women love to shop? Well, recent research in the UK revealed that it was men who spent the most! In comparison, men spend £100 on clothes, compared to women who spend £74 per month. The survey showed that men are better at investing in their clothing whereas women have more garments in their wardrobe that they don’t wear, and I can fully support this when I think about my own shopping habits, I just wish I had £74 a month to spend on clothes! 

Overall, the average Brit spends £1,042 on clothes each year.  Looking across Europe, it was found that Estonia spent the highest percentage of their household consumption expenditure on clothing and footwear at 6.7% and not far behind is Italy with 6.3% and the UK with 5.7%.  

Spending time at the cinema 

One of our fave places to go, and it's getting cheaper! Even though streaming entertainment at home is popular, research shows we are still treating ourselves to a trip to the cinema now and again.  Globally, in 2015, expenditure at the cinema added up to between $38 and $40 billion (£29m - £31m). In the UK in particular, it was found that we only spend around £19 per head annually on the cinema – apparently it is the high cost of cinema tickets that deters us, but as I said, ticket prices are dropping so maybe there's a change coming?! In terms of frequency of going to the cinema, the French visit on average 3.3 times per year, Germany 1.5 and in the UK, we head to the pictures 2.6 times a year.  Wow, the statistics are truly eye-opening. 

I can't admit to spending much on myself at the end of each month, but we certainly hit the cinema when we can. 

What's your biggest personal expense for your end of the month treat?

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