- Wednesday, 27 January 2010More British women are committing to
debt management plans and refraining from spending over their limit on impulse buys, according to new research.
A study by the Co-operative Bank Savings reveals that three quarters of women will not be splashing out on shopping sprees this year, with 60 per cent planning to spend less on clothes, 41 per cent on fashion accessories, and 43 per cent on eating out.
More than half of women also admit to now purchasing 'classic' fashion items that will last for a longer period of time, states the report.
Commenting on the findings, director of retail products for the Co-operative Bank John Hughes said it was clear women are now "much savvier" in terms of how they spend and save their money.
"They are sticking to a budget and paying greater attention to their bank balances," he said.
"Saving can be hard immediately after the festive period but saving regularly throughout the year can make a big difference in the long run."
Separate research by online payment service PayPal reveals that more than half of shoppers have become more conscious of price, and 54 per cent have started bargain hunting as a result of the recession.
Some 17 per cent also claim to be saving for the things they wanted to buy, rather than simply using a credit card as they would have done in the past.
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