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Blog: Will you stay in or go out this NYE?

Friends toasting with champagneMaybe it's a sign that I'm getting old - or a reflection of these austere times, but I'm opting for a night in this New Year’s Eve. How about you?

One benefit of staying in is saving money, which, I must admit, is a great advantage after a Christmas spent splurging cash.

But it means I also get to pass on being charged over the odds for a club night which is never as good as expected, paying through the nose for alcohol in said club and waiting in the inevitable cold and rain trying to track down a triple-fare taxi home.

Does this ring a bell with you? I'm sure many of you have had New Year’s Eve nights out like this.

So while I feel slightly sad admitting I'm staying in, in fact I'm really looking forward to it!

Just me, in the warmth of my living room, onesie on, with a bottle or two of alcohol and the TV for company.

Staying in

I did a straw poll of my colleagues and friends to find out whether they were staying in or going out this NYE plans.

This comment from Confused.com's HR officer Shelley Davies pretty much sums up the advantages of staying in:

"Due to the ridiculous price increases on transport, entrance fees and alcohol then being stranded somewhere some silly after midnight, I choose to stay in.

"Nice food, lots of bubbly, pyjamas on, no queues for the toilets, drinks as quick as I pour them, Jools Holland and a crawl to bed in the warmth!"

A woman after my own heart.

Going out

Of course, going out doesn't have to mean spending more than you can afford. Most of those who I polled are planning to go out - but not to a club.

Instead, they're opting to see the New Year in at a relative's or friend's house instead.

Damon Bedgood, a senior systems analyst at Confused.com, says: "I'm going to my fiancée's aunt's house, which we have done for the past seven years. 

"Her aunt puts on lots of food, plenty of wine and we all have a good laugh."

And some have even hired houses for the occasion.

Andrew Brockway, our head of IT operations, says: "A group of us from way back have made a tradition to meet up with our respective kids in tow and book somewhere for NYE.

"This year a country house in the Brecon Beacons will be hit by 14 adults, 13 children, a PA, sound system and turntables, drum kit, guitar, and microphones.

"Three nights, two concerts and one recovery night (for the adults)!"

Who says you can't party once you have children eh?

Party time

Meanwhile, Gareth Kloet, head of car insurance at Confused.com, explains why he is happy to host a party for family and friends.

"Every year for the last eight years we have held a New Year's Eve party.

"While we save ourselves the cost of an expensive ride home, we also get to spend the evening with all our friends, assuming they can all make it, and anyone else that might have staying with them over the New Year period. 

"Everyone brings a bottle (or more) and while we provide the majority of the drink, it's like a massive bottle swap and great way to see everyone that I might not have seen as much as I would have liked throughout the year. 

"It a great end and great start to the New Year spending time with loved ones and friends. 

"There is no point saving money shopping around if you don't do nice things with all those savings!"

What do you think?

Are you staying in or going out this New Year’s Eve?

We want to hear from you! You can share you views on the message board below.




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Naphtalia Loderick

Naphtalia Loderick

Naphtalia Loderick reports on all things personal finance at Confused.com. She started out on a weekly newspaper, via a national news agency and a stint in the fun but ‘not as glamorous as it appears on screen’ world of TV at the BBC researching consumer films for The One Show.

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