BRITISH households typically spent £5,850 over the last year on lifestyle essentials such as holidays, takeaways and haircuts, says a new survey.
Despite feeling the squeeze from the rising cost of living, LV found that Britons still managed to spend £149 billion on such little luxuries, up £5.7 billion on the previous year.
The research found the lifestyle essentials had an overall inflation rate of 3.6% in the 12 months to August 2011, more than the increase in the nation’s pay packets of 2.9% over the same period.
More than three-quarters (77%) of those surveyed are making financial cutbacks to afford the little treats which they deem as important.
Nearly half (47%) said they were buying cheaper food or food that was not a well-known brand, while a third take their own lunch to work. Just over one in 10 take their coffee or tea to work in a flask.
HOW British households spent their money in the 12 months to August 2011:
1. Holidays/weekend breaks: £3,181
2. Dining out in restaurants: £754
3. Take-away/delivery meals £476
4. Nights out in pubs: £456
5. Premium food: £306
6. TV subscriptions: £297
7. Haircuts: £173
8. Culture and arts: £105
9. Daily coffee shop treat: £75
10. Trips to the cinema: £29