Top 10 credit crunch trends: It’s cool now to use restaurant vouchers

February 18, 2009

Two-for-one restaurant deals and money off vouchers have shrugged off their “uncool” image as the credit crunch bites, according to a survey, and apparently even Wayne Rooney and wife Coleen McLoughlin have used at least one to get a half price evening meal, despite the Manchester United star’s 100,000 pound a week salary.  ******The practice – which used to carry a stigma – has topped a list of “cool money-saving options” adopted by people in the economic downturn.******Leaving reduced tips or none at all, buying own brand supermarket products and taking packed lunches to work also made the list.******The list of previously frowned-upon practices also includes selling things on eBay and shopping at discount stores such as Lidl and Aldi.******A spokesman from www.OnePoll.com who carried out the research said: ”We all seem to be embracing social habits that we would never have done last year as they were deemed ‘uncool’ or socially unacceptable. Paying by two-for-one vouchers would have had a stigma attached to it last year, yet now it’s almost more normal to hand over a money-off coupon when it comes to paying the bill at the end of the night. ******”Everyone is watching their pennies in the current financial climate so any possible money saving opportunities are being snapped up. Things that used to be considered tight-fisted such as failing to tip or buying own brand food is now common practice.”******The poll of 5,000 Brits revealed over two thirds of people feel the credit crunch has made them less judgmental about embracing money saving measures.******Seventy-two percent even admitted they secretly enjoyed saving money by adopting previously uncool customs. And 69 percent said the credit crunch has actually encouraged them to think about their financial future for the first time in their lives.******Forty-eight percent said they now set a monthly budget for their outgoings and the average Brit is now saving an extra 46 pound per month compared to last year.******Other previously frowned-upon practises helping Brits save cash include taking left-over food from the night before to work and shopping in charity shops.******TOP 10 CREDIT CRUNCH TRENDS (according to www.OnePoll.com)******1. Using money-off vouchers******2. Buying supermarket own-brand food******3. Making packed lunches******4. Refusing to tip waiting staff, taxis or hairdressers******5. Shopping in Lidl and Aldi******6. Selling things on eBay******7. Turning the heating down******8. Driving slowly******9. Shopping in charity shops******10. Re-using carrier bags

5 comments

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I’m surprised that only one of your ‘top ten’ included a step related to reducing energy consumption in the home.After our home energy audit back in late 2007 we started to collect suggestions from hundreds of people across the U.S. on ways they use to reduce their electricity, home heating, water heating and home cooling expenses.http://dailyhomerenotips.com/en ergy-conservation/The list now contains over 240 suggestions, of which 100+ cost absolutely nothing to do and a further 75+ cost next to nothing.Conserving energy in the home directly and immediately reduces the household’s utility bills month after month after month after month … and that’s in after tax dollars.It’s something that we can do which does not rely on government handouts yet directly impacts the individual households.Dan

Wrong – university students made it cool…

Posted by J Ran | Report as abusive

[...] 18, 2009 · No Comments Reading today that it has become cool to use restaurant vouchers (when was it not?) I noticed that one of the top ten credit crunch trends was refusing to tip [...]

People thinking it was “uncool” to use a coupon to save money is part of what drove us to this problem in the first place. I can’t believe people were so ridiculous. I was using coupons all of the time back when it was “uncool” and will continue to do so in the future.

Posted by Jessica | Report as abusive

[...] and discounts are getting more and more popular.  Apparently it’s now cool to use vouchers (I never knew it was uncool), but hey ho!  A few fellow bloggers have also found cool cheap eats [...]

What really is a credit crunch?A credit crunch (also known as a credit squeeze or credit crisis) is a reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from the banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official interest rates. In such situations, the relationship between credit availability and interest rates has implicitly changed, such that either credit becomes less available at any given official interest rate, or there ceases to be a clear relationship between interest rates and credit availability (i.e. credit rationing occurs).We are currently facing a severe one globally.

Posted by Dr. Florentin Fonche | Report as abusive

Students made coupons cool in the same way that they made Oxfam cool. Also its intertesting walking down the high street to see how many of the global fast food chains are offering lunch for a pound – they dont even need the coupons.