MyFinances.co.uk
News feeds Free newsletter

All the latest personal finance news - helping you make the most of your money

News

The £148,000 supermarket bill

Monday, 20 Mar 2006 16:29
Britons will spend £148,000 in supermarkets over their lifetimes

Recommended ... 

The average Briton will spend a staggering £148,000 in supermarkets over their lifetime.

And as if the financial expense is not enough, queuing and shopping there will take up around six months of our lives, new research from Clerical Medical reveals.

Britons typically visit a supermarket more than twice a week, spending over half an hour each trip, the data shows.

The average bill for the weekly shop is £63 per shopper - but three UK residents in four make 'top-up' trips on top of the main excursion.

"These results really are staggering. Shopping is one of life's necessities, but who would have thought it would take up so much of our precious time," said Clerical Medical managing director John Hiew.

But the insurer questions whether this time could be better spent.

"If we spent a fraction of that time sorting out our finances, then many more people would not be facing hardship when they retire," Mr Hiew noted.

However, 32 per cent of shoppers think they get better value for money from supermarkets. Another financial incentive for heading to large shops is free parking, cited by one Brit in 20, with others saying the convenience of longer opening hours is a factor.

But the British pound is not spent exclusively at out-of town centres - with six per cent of Brits visiting green grocers, eight per cent shopping at butchers and two per cent going to fish mongers.

However, most UK shoppers (52 per cent) think cost is the most important thing when buying fruit and vegetables rather than where and how they are grown. XXX


Comment on this story... 

Name 

Town/Country 

Your email 

Your comment 

Enter the text shown to the right
By submitting this form you agree to our website terms of use and our privacy policy.

Disclaimer:
myfinances.co.uk is not authorised to give advice under the Financial Services and Markets Act 2000.

Terms:
By using this site, you are deemed to have accepted our terms of use.

myfinances poll 

2009 is set to be a tough year for the UK finances. We want to know what you are expecting. Vote now.

Free stuff 

Sign up for our free daily newsletter and other free stuff.