Even though a large proportion of our wages will go towards the mundane essentials, like your mortgage, energy bills and other household expenses, it’s nice to treat ourselves every now and again. I always make sure I treat myself at least once when pay day finally rolls around.
Whether it’s a spa escape with friends or a mid-week meal out, just how much do us Brits spend on treating ourselves and how do we compare to our European neighbours? Hotel linen provider, Shortridge Laundry does the math:
In 2016, eating out was recorded as the most popular leisure activity in the UK – an astonishing 85% of UK consumer spending was spent on going out to eat in the first quarter of 2016. I’m totally guilty of eating out a lot and it’s something that I’m trying to cut back on this year.
On average, Brits eat out twice a week, spending £44 per week in total. Over the course of a month, this equates to £176 or a staggering £288,000 over the course of a lifetime. Those aged between 18 and 29 spend double this figure, racking up £88 per week in restaurant bills per week, or £352 per month. I don’t spend that much, but I do eat out a couple of times a month. I just can’t resist a trip to Yo Sushi!
New research from Point A Hotels has shown that the typical Brit will spend £62,000 on a total of 378 different hotel stays during their lifetime. When broken down on a night-by-night basis, Brits will spend an average of £52 per night on a hotel. This suggests that budget and mid-range hotels are most popular in the UK. I definitely don’t spend this much on hotels – I’m more of a hostel girl. I’d rather spend less and have more money for sightseeing/food when I go away. I do like the luxury of a nice hotel, however I’ll only stay in one if I have someone to split the cost with.
However, it’s a different story for Swiss travellers. According to a report by Kayak, 72% of Swiss travellers will book a luxury hotel.
After a long week at work, a lot of people choose to pamper themselves over the weekend. It might be a day trip to a spa, going to get their nails done or simply picking up the latest lipstick from the drugstore.
According to research by TotallyMoney.com, the average Brit will spend £4,454 on beautifying themselves, including haircuts, makeup, gym memberships, clothes and beauty treatments. However, this figure varies by region — in Leeds, the beauty spend climbs to £7,000 per year, while in London it stands at £6,300. I’m sure I don’t spend this much each year, but I do tend to buy a lot of makeup and other beauty products.
The little extras
Aside from eating out, enjoying hotel stays and spending money on making ourselves look beautiful, there are a few little extras that add up to big spending over the year too.
Despite popular opinion that women love to shop, recent research in the UK revealed that it was men who spent the most. This surprises me as I spend so much on clothes, even when I don’t need them. I’ve always got a wishlist as long as my arm and I seem to always be waiting in for a package. On average, men spend £100 on clothes, compared to women who spend £74. The survey also showed that men are better at investing in their clothing whereas women have more garments in their wardrobe that they don’t wear. All in all, the average Brit spends £1,042 on clothes each year.
Spending time at the cinema
Although streaming entertainment at home is gaining popularity, it seems as though we are still treating ourselves to a trip to the cinema now and then. I actually haven’t been to the cinema in a long time, but that’s mainly because the one in Winchester is really expensive.
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.
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. I went to the cinema twice last year and haven’t been at all this year so far.