30% of Brits put savings towards their wedding, according to new research

18 Apr 2018

New research has revealed how much British people have in their savings account and what they spend it on

A survey of 1,067 UK adults by heating oil supplier Super Saver Oil has revealed the average amount a British person has in their savings account, and what they spend it on. According to the research, Brits have £6,630 in their savings account on average – and it is more likely to be spent on something frivolous than something practical.

In fact, 41% of those surveyed stated that they would be most likely to spend their savings on a summer holiday, while 37% would spend them on a new car and one third of respondents would put their money towards purchasing a house. Just 30% said they intend to put their savings towards a wedding.

Surprisingly, the research also revealed that one in seven Brits don’t even keep track of the amount they have in their savings accounts – and 28% admitted to dipping into their savings as regularly as four times per month.

Mark Hackett, project manager at Super Saver Oil, commented: “It’s important to regularly put money aside into a savings account, no matter how little it may be. It’s not only good to set aside as an emergency fund but is also a good habit to have. By doing this on a frequent basis, it will mean we can dip into our savings when life’s surprises occur or even simply for big ticket items.”

Related content

supplier finder

Get a quote

Looking for that perfect local supplier?
Let us know what you need and we’ll start looking for you.

supplier finder

Find a supplier

Search over 200,000 Suppliers in the UK.

or

Leave a comment

Comments

There are no comments to display, be the first!

bride

Everything for your wedding

12 bridal headbands for the finishing touch

Headbands are making headway in the style stakes and brides are now sporting variations o...

Chi Chi London releases SS20 bridal collection

Catering to all members of the bridal party, the latest collection from Chi Chi London of...

TREND ALERT: A glimmering gold wedding colour scheme

On a bid to banish the gloomy grey January start to 2020, gold themed wedding déco...

A summer wedding shoot with children in Somerset

This styled shoot featured a host of features suitable for children at weddings, inc...

House of Ollichon launches leap year proposal competition

Celebrating 2020 as a leap year and the launch of its latest collection, 'dress-less' bri...

Looking for that perfect local supplier?
Let us know what you need and we’ll start looking for you.