August 23, 2016
It won’t just be your head that hurts – your bank balance will also feel the pain after a hen or stag party
Average hen and stag do spending is £145. Over a third of best men and maids of honour will end up out of pocket. Organisers have lost £120 of what they’ve paid up-front.
With wedding season in full swing, and the average wedding costing £24,000*, one thing that is certain is that marriage = money! A big part of the build up to any wedding are the hen and stag dos, and as anyone who has been on one knows these can be an expensive business.
In fact, 43% of GB adults have been on a hen or stag do (not including their own) and, of those who have spent any money on one, the average spending is £145 each, according to new online research that social payments app Circle carried out with YouGov of over 2,000 GB adults.
Organisers like best men and maids of honour could stand to lose out most when it comes to forking out for a last night of freedom. Four out of five (81%) pre-wedding parties will pay for things in advance – averaging £204 between those that spend money – with 7% of groups coughing up over £500 in advance.
But over a third (36%) of those who paid costs in advance have been left out of pocket because other people don’t pay them back. Organisers who have paid for group costs in advance have failed to get back an average of £120.
When it comes to sorting out the financial hangover after a hen and stag do, more than1 in 10 (11%) 18 – 35 year olds found it time-consuming to be paid back, and almost the same number (9%) said it was awkward to ask to be paid back all the money they were owed.
Hen and stag dos are meant to be joyous occasions, but disputes over money have even led to tears at many of them, with 8% of 18 – 35 year olds saying that money has caused arguments at pre-wedding parties.
Battle of the spending: hens vs stags
Men are the big spenders when it comes to pre-nuptial celebrations with stags spending £50 on average more than hens (£170 vs £120). Men are also more likely to go on final flings, with 47% having been on at least one compared to 40% of women. It seems that men may invite larger circles of friends on their stag dos, or be more likely to say yes to a night out.
Don’t let money stop the party
We don’t think money should stop the party! We are working to help make sending and receiving money easier and less awkward so we can avoid the financial hangover of paying people back.
Circle lets you send money and personalise with pictures, emoji or GIFs, request money from anyone and notify friends if you’re still waiting to be paid back. By making money instant, global, free, open and fun, we can spend less time worrying about money, and more time celebrating with friends.
All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2021 adults. Fieldwork was undertaken between 26th and 27th May 2016. The survey was carried out online. The figures have been weighted and are representative of all GB adults (aged 18+).
*according to Brides Magazine