Brits spend almost £5billion on stag and hen dos each year

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Lending stream research shows cost of stag and hens double in two years

Lending Stream, a short term loans company, has revealed that Brits between the ages of 18 and 49 are spending almost £5 billion a year on stag and hen dos. The research also shows that women fork out nearly as much as men for each celebration.

Specialists in short-term loans, the Lending Stream research showed that the average UK hen party costs £163 while the typical stag comes in £195. This cost equates to an average spend of £305 each year for men, and £249 for women.

The Lending Stream survey also worryingly showed that while we may have every intention of sticking to them, men and women spend 25% more than they budgeted for every stag and hen.

With partygoers seemingly spending more than they plan to, Lending Stream advises that for those people looking to spend a little extra on a stag or hen party, short term loans, a substitute to instant payday loans, can be a good way to cover the additional short term expense.

Unlike a payday loan, a short term loan from Lending Stream can be paid back anytime over a period of six months.

Getting a short term loan from Lending Stream can also be very quick like an instant loan. For example, short term loans could be availed online so as to get the money transferred to your account safely on the same day. Lending Stream’s average short term loan amount is £200. However, short term loans can be offered at amounts between £80 and £720.

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