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Brits set to spend £13 billion over Easter

Brits set to spend £13 billion over Easter

Category: Money
Author: Leanne Macardle
Date: 23/04/2018

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Easter bank holiday weekend is rapidly approaching, and many people will be looking for ways to make the most of those four blissful days without spending a fortune in the process. Unfortunately, that could be easier said than done, with new research from American Express showing that Brits are set to spend an average of £247 each over the Easter weekend – equating to £13 billion across the UK.

Some people could end up spending even more. Adults with children will spend nearly £300 each on keeping the family entertained over Easter, and with things like going to restaurants (22%) and the cinema (14%) being common Easter break activities – even trips to beaches or parks (18%) could cost in terms of car parking and obligatory ice creams – it's little wonder that the cost can ramp up.

Easter treats

But just where will all that money be spent? Well, enjoying a short break is at the top of the list, with UK respondents spending an average of £75 each on getting away from it all over the long weekend. Others will be looking to indulge in a bit of DIY, spending an average of £26 in the process, while enjoying meals out will cost an average of £23 each.

Then there's days out with family and friends, with those trips to the museum or cinema costing an average of £23 each, while £19 will be spent on transport (such as train fares or petrol) to enjoy the above activities.

And let's not forget all those chocolate eggs. On average, Brits will spend £14 each on chocolate gifts over the Easter weekend, as the Easter Bunny makes his deliveries up and down the country.

However, while those expenses probably can't be avoided to any extent – unless you're content to stay indoors for the entirety of the Easter break – there are things you can do to keep costs in check.

Savvy spending

"For many, the Easter weekend is the first chance for a well-deserved break this year, with a third (33%) saying Easter is an opportunity to have fun with family and friends," commented Jenny Cheung, director at American Express.

"Our research shows that nearly half of Brits are planning to be out and about over the break, which means the holiday bill can soon add up. There are ways to be savvy with spending over this period though. By putting these costs onto a card that offers cashback or rewards, you can get something back for your spending."

This could be one of the best ways to really benefit this Easter. Simply put all of your Easter expenses on a suitable credit card and you could quickly watch the rewards rack up, be they in the form of points or cold hard cash that's credited to your account. Just make sure you can comfortably afford to repay the card balance in full when the statement arrives, otherwise the interest you'll be charged could easily outweigh any cashback benefits.

If you've already got a reward card, now could be a good time to check the balance – you may have accumulated enough points to redeem against an Easter treat, helping you make the most of the break without spending a thing. The same applies with retailer loyalty points – we all have those cards littering our bags and wallets, so get them out and see what you've got! You may be surprised at what you've earned.

Make sure to be on the lookout for vouchers and discount codes, too, as that way, you can enjoy your Easter break without breaking the bank in the process.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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