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Womens Car Insurance Article |
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As well as indulgences remember women's car insurance
Tue, 19 Jul 2005
Women are being reminded to make sure they budget for essentials such as car insurance and not just retail luxuries.
Sainsbury's Bank's new Retail Therapy Index shows that many women are spending for pleasure rather than for need. It is estimated that thirty-two million Britons spend around £3 billion a year on so-called "retail therapy".
However, many consumers are realising that they need to curtail unnecessary shopping in order to pay for essential items such as insurance, especially as concerns over debt repayments start to increase.
A total of 8.7 million people spent a quarter more on retail therapy than in 2004 but this is down on 2003's figure of 9.2 million.
"It looks like retail therapy is still alive and well, but it's interesting to see that more people are reducing their spending," said Lucy Hunter, Sainsbury's Bank credit card manager.
"It also appears that many people have a responsible attitude to their non-essential expenditure as many of those cutting down say they are doing so to reduce existing debt levels," she added.
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