Reduced fuel costs are biggest saving as lockdown spending habits change

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Reduced fuel costs are biggest saving as lockdown spending habits change

Seven in every 10 people have claimed they are saving cash because of changing spending habits during lockdown – with fuel expenses the biggest moneysaver.

Around 80 per cent of 2,000 people polled by housebuilder Keepmoat Homes stated that the majority of their monthly household spend during lockdown went towards supermarket and food shopping. 

Expenditure was also cut on entertainment, evenings out, holidays, lunchtime meals and beauty treatments, including haircuts.

And these are the areas that people are looking forward to when restrictions are fully relaxed.

Tim Beale, chief executive of Keepmoat Homes, said: “Our spending patterns changed considerably during lockdown under what was undoubtedly a difficult period for many.

“As we transition carefully out of lockdown, there will be a slow return to habitual purchases such as petrol for the car, train and tube fares, lunchtime sandwiches, takeaway coffees, and other items we normally take for granted, as people seek to balance their living expenses.

“What will be interesting is the longer-term change to what was considered ‘normal’ and how this affects how we live in the future.  For example, while working from home has been forced upon many people, how many will choose to continue to do so in future if they can?

“Homes mean more right now, they are not just the place we live, but also where we work, exercise and teach our children and I believe the way we think about them will be very different in the future. 

“When we look to buy a new home I think there will be a much greater emphasis on flexible living including home offices, outdoor space and workout areas.”

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