Abbey Banking reveals financial pub strategies

www.moneynews.co.uk > General finance > Abbey Banking reveals financial pub strategies

Abbey Banking reveals financial pub strategies

Thu 13th Dec 2007

The British convention of buying a round of drinks at the bar could spell financial confusion for partygoers this Christmas season, according to Abbey Banking.

Research from the financial institution reveals that many pub patrons have a strategy to avoid paying too much for beverages when out with a group.

Some 24 per cent of Britons who drink admit that they buy a round early to avoid paying for the rest of the night.

Meanwhile, one in ten respondents said that they usually wait to buy their round until halfway through the night, as usually some people have left by that point or are drinking slowly.

Steve Shore, head of banking at Abbey, commented: "It might seem trivial but no one likes a bill dodger.

"We would advise festive partygoers to plan and stick to a budget, try to avoid being the person who puts their card behind the bar and avoid being the last to leave."

A recent study by PayPal revealed that food and drink are some of the most common gifts that Britons are planning to buy this Christmas.

Related News : General finance
	Citizens Advice welfare applauds government
	Confused.com energy defends British Gas
	Bank of Ireland passes stress test
	Tesco Mobile deal 'courts consumers'
	Scottish Widows Investment Partnership notes favourable response
	Customers should fix now, says moneysupermarket.com energy
	Confused.com highlights importance of getting the best deal
	Prices on the rise, says moneysupermarket.com energy
	Bank of Scotland economic report 'suggests transitional phase'
	Clydesdale and Yorkshire Banks security advice issued

Related News : Santander
	FSA fines Santander 1.5m
	Santander launches new fixed rate Isas
	Santander launches upfront interest bond
	Contactless banking 'still has some way to go'
	Santander reveals updated fixed mortgage rates
	Confidence of first-time buyers increases, suggests survey
	Santander launches fixed-rate mortgage range
	Third of parents would pay extra for school catchment property
	Santander offers first monthly cashback credit card
	Bank of England maintains bank rate at 0.5 per cent