This year has been a year where people have literally been cutting down on their spending, the credit crunch has taken its toll on a lot of families and some families have even lost their jobs and income altogether.

The travel and holidays industry has suffered quite a bit there are numerous families that have not even contemplated going away this year, simply because they cannot afford it. But I am going to tell you a personal story that I experienced as to why British people would rather spend their hard earned money on a new mobile or contract phone.

Ok my phone had had it and I was topping up around 40 per month, so I decided to myself why not instead go and get a free handset and free minutes for that price. So I made my way to the local shop. To my shock there were literally a ton of people waiting to get a contract phone. I specifically wanted to hold my telephone number and have the power to make free calls to Phone Numbers from any cell phone. But it simply would not pan out that way.

Anyhow while I was talking to the sales guy, he said to me how shocked he was at how busy the week had been, he said he cant believe there is a credit crisis. After a study it was shown that 41% would cut down on DIY, 41% on holidays, 16% on Television subscriptions and 10% on broadband services.

An average of £310.71 was spent on average per household on internet services last year, compared to £11.37 in 2007.

So there you have it all in one well formed and great article, you can see the pure amount that technology has developed, and people would rather spend their money and cash on handsets. But if you still fancy a holidays, take a look at this luxury cruises information