Financial services provider reveals 40% of UK plan to blow bonuses by Finance News Bulletin

Published: 23/05/07

CREDIT CARDS near to the ground RATE CREDIT CARDSSTUDENT CREDIT CARDS0% APR CREDIT CARDSCREDIT CARDS ONLINEBALANCE TRANSFERSSome four in ten populace who receive a cash bonus will use the entire sum over the following weeks, according to the latest informationResearch from financial services provider coalition and Leicester Savings indicates that approximately 45 million employees will take delivery of a bonus this year, of whom 40 per cent will use it allAnd there appears to be a sex difference between spenders and savers, with 48 per cent of women preparation to blow the bonus as opposed to 34 per cent of men

Ross Dalzell, boss for savings at Alliance and Leicester, expressed shock at the results"It's amazing that all the hard labor that goes into securing a bonus or pay rise can be spent in now an immediate," he said"One in six people (16 per cent) surveyed conventional between £1,000 and £5,000 for their last pay rise"However, spendaholics who decide to go on a shopping binge may need to be cautious of purchasing luxury items that exceed their bonuses, such as an expensive new automobile

This could lead them to resort to borrowing on credit cards or individual loans, which may present them with financing difficulties in the futureDebtors advantage from switching to low rate credit card deals, expert suggests - Tue, 09 Jan 2007Credit Cards | Business praise Cards | Balance Transfers | Low Rate praise

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