The Money Stop

People in London spend less on nights out and entertainment than consumers in the north and Scotland, according to a new survey.

Following research that British singletons have a higher disposable monthly income than those in a relationship, David Kuo, head of personal finance at Fool.co.uk, said that Londoners spend slightly less money than their northern counterparts when it comes to going out and socialising,

“The Scots spend about around £74 a month, people in the north spend £72 a month and Londoners only spend around £61 a month,” he stated.

However, the research from Fool.co.uk revealed that while Northerners are more inclined to spend money on going out, Londoners spend more on nights in and dvds.

The research also showed that the average single Brit is £255.42 per month better off than those in a relationship.

Single Brits spends £281 a month on rent and bills, compared with the £500 paid out by someone in a relationship, meaning the singletons make a massive £2,600 saving per year on rent alone.

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