You might be a bit shocked by how much they’ve saved by not partying this year.
More than one in 10 Brits believe they have saved between £251 and £500 per month since the pandemic hit, while a third put it at £100 to £150.
Most shockingly, 10% of the particularly hard party-goers think they’ve saved up to a huge £750 per month.
According to a study by drinks company Vin Crowd, women have been the biggest savers this year, banking 10% more than men. It makes sense given that social nights out can often involve more prep for women, with a trip to a salon for example.
The age group leaving 2020 with the largest savings from a lack of social spending are millennials (25 to 34 year olds). They’ve put away an extra £70 a month on average compared to all other age groups.
With coronavirus measures affecting people’s social lives, many have opted for the humble move night over going out-out. For those living separately to their friends, social activities are hinged on being low-key and outdoors, making for a cheaper day out.
25-year-old Evie from Tunbridge Wells said: ‘I miss going out and socialising, but I will definitely not be spending the amount of money I used to.
‘It’s embarrassing to admit that it took a global pandemic and a national lockdown to realise this.’
Pre-pandemic Evie would go out on average two or three times a week, with each night costing around £100 across food and drinks.
She added that had it not been for her unplanned savings this year, she wouldn’t be able to put down a housing deposit – something she is now ready to do for 2021. Evie believes ‘this wouldn’t have happened if it wasn’t for lockdown!’
20% of those surveyed by Vin Crowd said their social circle has become more cautious about socialising and a third are looking for free activities to do with friends.
Pippa, 29, from Manchester, said she is excited for things to go back to normal, but added: ‘I’ll probably tone it down and instead of going out into town every weekend, I’ll keep up the walks with friends to get a bit more balance.’
She says that a lot of the money she’s saved this year will be put towards big events that were postponed to 2021, such as hen parties and weddings.
‘Whereas at the beginning of this year I felt a bit fatigued with my social calendar, I think now I’ll appreciate every event.’
One in five say they are closer with their social circle as a result of their changed social habits.
The sentimental value of millennial’s social lives has improved it seems, while the monetary value has declined over 2020.
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