Many to go local or stay at home for New Year42% to stay at home or visit friends for New Year

30 December 2008

A new survey by National Savings and Investments (NS&I) shows that many consumers plan to celebrate the New Year at home or to stay local.

National Savings and Investments

NS&I surveyed more than 2,000 people and found:

  • 58% of people who plan to go out this New Year's Eve will stay local to save on transport costs
  • 42% will spend the New Year at home or with friends
  • Just under half (47%) of people say they will go out and enjoy themselves regardless of cost

Consumers are cutting costs this New Year

Four out of five (81%) of respondents who plan to stay home on New Year's Eve say that there are more important things to spend money on than one evening. More than half (59%) of those planning to go out say they will try to save money by celebrating at free events.

Dax Harkins, Senior Savings Strategist from NS&I said: 'It is good to see that people are finding creative and less expensive ways to celebrate in an attempt to avoid a New Year hangover. The onset of the New Year is an ideal time to give personal finances a health check, to work out budgets and to set your savings goals for the year ahead.'

Cut your costs in 2009

There are many ways to save cash in the new year. Which? shows you how:

  • Switch your gas and electricity provider with our switching service Switch with Which?
  • Find the for your needs, whether it's a cashback credit card, the best credit card for spending, the best credit card for using abroad or the best credit card to transfer a balance to.
  • Find our review of the best cashback websites here.
  • Discover how to cut your household bills.
  • Visit the Which? money advice site for more top tips to save cash in 2009.

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