We use cookies to give you the best possible experience on our website. If you continue without changing your settings, we'll assume that you're happy to receive all the cookies on our website. However, you can change your cookie settings at any time.

Your Privacy

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. The information does not usually directly identify you, but it can give you a more personalised web experience.

Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies

(Req)

These cookies are strictly necessary for the Website to work properly and for us to keep it secure. They are needed to allow users to use the Website and its features, including to move between pages of the website.

These cookies are required

Performance and analytical cookies

These cookies allow us to collect certain information about how a user navigates the Website. These cookies collect information that is used either in aggregate form to help us understand how our site is being used or how effective are marketing campaigns are, or to help us personalise our site for you. We use Google analytics and Bing 1st party cookies, Google Marketing Platform cookies and Hotjar cookies for reporting purposes.

Cookie Name Purpose More information
Google Marketing Platform Cookies _ide, _nid, _sid, _dsid, _flc, _aid, _taid These are 3rd party cookies served by Google Marketing Platform. They serve adverts to visitors based on the websites they've been to previously. Click here for more information about Google Marketing Platform and how to disable this cookie.
Facebook   Personalise and provide products via Facebook marketing. Click here for more information about Facebook cookies.
Flash Taking   These are 3rd party cookies served by Flash Taking. They serve adverts to visitors based on the websites they've been to previously. Click here for more information about Flash Taking and how to disable this cookie.
Google Analytics _utm(x), _ga(x), _gid, amp_token These cookies are used to collect information about how visitors use our website. They keep track of when a visitor enters and leaves the website and any search engines and keywords that are used, including any personal and/or sensitive data. Click here for more information about Google Analytics cookies.
Bing mui(x), _uet(x) Remarketing script and conversion tracking Click here for more information about Bings Ads and how to disable this cookie.
Hotjar _hj(x) These cookies are used to record anonymous videos about how visitors use our website. They keep track of how visitors engage with pages on our website. Click here for more information about Hotjar and how to disable this cookie.
ResponseTap   These are 3rd party cookies served by ResponseTap. They serve incoming phone numbers to visitors to allow call volume tracking. Click here for more information about Response Tap cookies.
The Trade Desk   These are 3rd party cookies served by The trade desk. They serve adverts to visitors based on the websites they've been to previously. Click here for more information about trade desk and how to disable this cookie.

Marketing cookies

These cookies are used to make advertising messages more relevant to you. We may use this data to tailor the marketing and ads you see on our own and other websites and mobile apps, including social media.

Bah humbug! Frugal Brits are ditching Xmas pressies to spend more on their homes

20 December 2019

More than a quarter of British couples plan to spend their Christmas cash on their home rather than each other, a new survey has revealed.

They are forgoing lavish gifts for their nearest and dearest to cover other expenses such as paying off some of their mortgage, moving house, or buying appliances or furniture.

The survey of 2,000 UK couples by specialist property lender Together* revealed 28 per cent of couples had agreed with their spouse or partner not to exchange presents this year – to prioritise spending on their house instead.

Alan Davison, head of personal finance at Together, said: “From the results of our poll, it looks like many homeowners are tightening their belts when it comes to splashing out on this year’s Christmas gifts, instead using their hard-earned money for a house move or covering extra mortgage payments.

“While it could be argued that a quarter of the people we surveyed are hardly getting into the festive spirit, it may be they are thinking of their long-term future by investing any spare money they have in bricks and mortar.”

Of those Brits who’d agreed to spend on their home, the highest proportion - 41 per cent - said they’d spend the money on DIY or giving their home a makeover, while 35 per cent said the cash would go towards bigger home renovations.

More than a quarter (27 per cent) plan to splash out on appliances, 24 per cent on carpets and furniture and a fifth (20 per cent) would use the cash for mortgage payments.

Spending on garden improvements, buying new heating systems, bed linen and a painting were also given as preferable alternatives to spending on Christmas pressies.

Regionally, home-owning couples in London were most likely to spend on their property (44 per cent) compared to just a fifth (20 per cent) of those in Northern Ireland – the lowest UK region.

Together’s survey also looked into the Christmas pressie spending habits of people across the country. The results revealed the average spend was £165.38, while nearly a quarter (24 per cent) would fork out between £50 and £100 on a gift for their significant other. (The full survey data is available by clicking here**)

The poll was published as last month’s overall retail figures from the Office for National Statistics (ONS) showed households are being cautious in their spending.***


Share

Build: 1.3.7.30243