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Many of us flash the cash at this time of year, be it on Halloween costumes or fireworks for the garden, and new research from American Express has revealed just how much we spend on these autumnal festivities – finding that Brits are set to spend almost double celebrating the spookiest night of the year than Guy Fawkes.
The study found that the typical consumer will spend an average of £62.22 on Halloween-related activities, compared with £31.29 on Bonfire night, equating to a collective total of £926 million and £481 million respectively across the UK.
Some of the top Halloween costs include hosting a party, which costs an average of £19 for things like food and drink, while attending a party can still cost £18 once the costumes and makeup have been taken into account. Parents will need to buy a costume for the little ones, too (£12), and that's before we even get to things like visiting spooky attractions (£12), decorations (£9), a ghost tour (£9) and treats for trick or treaters (£8).
It's easy to see how quickly these costs can add up, particularly given that 74% of those celebrating Halloween plan to host trick or treaters, while 69% buy a pumpkin to carve and 60% will decorate their home in full spooky regalia. Another 38% say they view it as a fun family activity, while for 23% it's now a traditional celebration, so this kind of spending could easily be an annual thing.
However, the typical Brit will spend much less on Guy Fawkes night, with the most expensive purchases again being related to hosting a party (£19) and buying fireworks (£19), followed by £11 for tickets to a show, £5 to make a bonfire, £4 for sparklers and another £4 to make a Guy. Nonetheless, even these costs can add up, so it's vital to make sure you spend wisely.
"It's great that so many Brits use occasions such as Halloween and Bonfire night as an opportunity for quality family time," said Jenny Cheung, director at American Express. "However costs can easily add up, as these celebrations closely follow one another. Whether you're purchasing pumpkins or fireworks, always try shopping around for seasonal offers, and using rewards and cashback will help you ensure you make the most of your spending."
Compare the best cashback credit cards to see if you can get something back from your seasonal spending.
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