Hitting the high-street with friends and family may well become a thing of the past for cash-conscience Brits as many complain of going over budget when shopping with their loved ones. More than half (51 per cent) of shoppers admit to spending more money when they are accompanied by others, compared to when alone, according to new research by TopCashBack.
Partners push up spend
The research found shopping with a partner hikes up costs the most. More than two-thirds of men (68 per cent) say they spend more when out shopping with their wife or girlfriend. However men might be curbing their other half’s spending as 43 per cent of women say they’re most sensible when shopping with their partners.
68% of men spend more when shopping with their wife or girlfriend
Pester power prevails
Around a quarter of Brits (23 per cent) blow more money when they’re out shopping with their children. Mums are more prone to caving in to their children’s pleas, going over budget by 30 per cent, compared to only 11 per cent of dads who spend 20 per cent more than planned.
Mates hike spending rates
Splashing the cash in the name of peer pressure is another culprit for Brits’ abandonment of budgets. Just shy of a quarter of women (23 per cent) admit to shelling out 20 per cent more when on girly shopping trips. Perhaps somewhat surprisingly, men say they spend up to almost a third more (30 per cent) when browsing the shops with their friends.
Top tips for saving at the shops
- Sticking to a budget may seem mundane but it’s the best way to have control over money
- Another safety net is to leave credit and bank cards at home and only take the cash you plan to spend that day
- Also, scanning all the shops first and then sitting down for a coffee to consider potential purchases can often give clarity on what you actually want and need
- Finally, browsing on the high-street and then making the purchase online will usually save you money.