Weekend spending splurge 'behind Monday blues'

Workers' Monday morning blues may have as much to do with them discovering the full extent of their weekend spending as being back in the office, research suggests.

Figures released by Nationwide Building Society show that the number of people logging into its internet bank hits a peak between 9am and 10am every Monday, indicating that as they log back in, people are checking the damage they have done to their current account balances over the weekend.

Britain's biggest building society said that around 100,000 people log on at this time of day, which is 10 times more than in the last hour of the working day, between 4pm and 5pm.

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Weekends a 'chance to forget'

Phil Smith, Nationwide's head of current accounts, said: "For many, the weekend is a time to forget about work and a chance to go out and enjoy themselves, but come Monday morning reality kicks back in and it's time to take stock of how their weekend expenditure has affected their bank balance.

"It's only natural we would want to check our balances before we get stuck into the daily grind.

"Knowing how much money we have left at the start of the week can help people plan ahead, especially if they've had a busy weekend and have perhaps spent a little too much."

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