Your technology expenditure doesn’t have to run out of control. Modern gaming and betting platforms use identical payment technology. You can enjoy the latest games, remain productive, and keep your digital lifestyle through smart subscription models pioneered by casinos.
Gaming can become your most expensive hobby if you’re not careful. New releases cost €60 or higher, before DLC and season passes. Casino-inspired subscription services like PlayStation Plus, Xbox Game Pass give you access to hundreds of titles using shared cloud infrastructure with live betting platforms for around €15 monthly instead of individual purchases.
The same principle works beyond traditional gaming. Many online casinos not on GamStop use HTML5 technology and provide generous welcome bonuses that multiply your initial deposit, effectively giving you more entertainment value per euro spent. You are basically paying for the access and not the ownership, which makes all the difference. You can have access to huge libraries at a fraction of the price of spending €180 on three new games.
Stop letting old devices collect dust when they could be funding your next upgrade. That smartphone you replaced last year? It still has real value. Gaming consoles, tablets, and laptops—they all retain enough worth to make selling worthwhile. Physical stores offer same-day cash transactions, though you might get slightly less than selling privately.
Timing matters more than you think. Sell before new model announcements hit. Your two-year-old iPhone will fetch significantly more in month 23 than in month 25, right after Apple reveals new features.
Your internet and phone bills probably creep higher every year without you noticing. Most providers have retention departments specifically trained to offer discounts when customers threaten to leave. These specialists exist to prevent cancellations through better deals.
Don’t accept their first counteroffer. Research competitor pricing beforehand so you know your alternatives. With annual churn rates ranging from 20% to 50% and acquiring new customers costing 6-7 times more than retaining existing ones, providers are highly motivated to keep you from leaving. Carriers would rather reduce your monthly fee than lose you entirely.
Free trials exist everywhere, but most people use them wrong. Casino platforms pioneered the “freemium” model now used across tech, offering demo modes that convert to paid subscriptions. Instead of signing up randomly, treat them as temporary access to expensive tools:
Adobe Creative Suite for video editing projects
Cloud gaming services that power live dealer platforms
Streaming services for specific shows (especially with rising subscription costs)
Analytics software is used in both gaming and betting optimization
You don’t need the latest everything. Refurbished devices typically deliver 80% of new device performance at 60% of the price. Stick with manufacturer refurbished items – they include warranties and proper testing that third-party refurbishers often skip.
Previous-generation models offer another smart compromise. Last year’s flagship smartphone handles current apps perfectly while costing considerably less than whatever just launched. Modern apps optimize for three-year-old hardware, ensuring PlayStation Plus subscriptions give you access to constantly rotating game libraries without buying individual titles.
Find a device that matches your real requirements and not the specifications. The majority of users use smartphones to send messages, social media, and simple applications—something a three-year-old gadget can accomplish without even sweating.
Impulse spending is something most of us have experienced. That sudden urge to buy a gadget, a piece of clothing, or a fancy coffee without planning for it. While it might feel like a quick pick-me-up, unplanned purchases can have big consequences for your financial health. Over time, these little impulses can add up to significant debt, missed savings goals, and even stress that affects your well-being. If you’ve ever found yourself needing tools like auto title loans in Birmingham after a spending spree, it’s a clear sign that impulse spending can spiral into bigger problems. Let’s take a closer look at the hidden risks of impulse spending and how to guard yourself against them.
How Impulse Spending Affects Your Finances
When you buy something on a whim, you’re often not considering the bigger picture. That $20 or $50 here and there might seem small, but it can quickly drain your budget, leaving less for essentials or savings. Over months and years, impulse spending can accumulate into hundreds or even thousands of dollars of unnecessary expenses.
This often leads to debt accumulation. Impulse spending also means you might miss out on important financial goals like building an emergency fund, saving for retirement, or paying off debt. Without control, it’s harder to plan for the future and build security.
The Psychological Triggers Behind Impulse Spending
Impulse buying isn’t just about poor money management—it’s deeply tied to our emotions and how our brains respond to stimuli. Many purchases are driven by feelings like stress, boredom, or the desire for instant gratification. When people are upset or tired, they might shop as a way to feel better temporarily.
Marketers know this well and use tactics to encourage quick decisions. Flash sales, limited-time offers, and eye-catching ads play on our fears of missing out or getting a “deal.” These strategies can trick even the most careful shoppers into making unplanned purchases.
Understanding these psychological triggers helps you recognize when you’re about to spend impulsively and pause before acting.
The Impact on Mental and Physical Health
Impulse spending doesn’t just hurt your wallet; it can take a toll on your mental and physical health too. The stress of juggling debt or worrying about money often leads to anxiety, sleep problems, and even physical symptoms like headaches or high blood pressure.
When impulse buying leads to regret or guilt, it can create a negative cycle where people shop more to feel better, only to feel worse afterward. Breaking this cycle is crucial for both your financial and emotional well-being.
Strategies to Avoid Impulse Spending
One of the most effective ways to fight impulse spending is to create a budget and stick to it. Knowing exactly how much money you have for essentials and extras helps you avoid overspending.
Another helpful tip is to use the “24-hour rule.” When you feel the urge to buy something unplanned, wait a full day before deciding. This pause allows your initial emotions to settle and gives you time to evaluate if the purchase is really necessary.
Avoiding tempting environments also helps. If online shopping is your weakness, unsubscribe from promotional emails and limit your browsing time. If you shop in stores, make a list and stick to it to prevent wandering into impulse buys.
Building Better Spending Habits
Replacing impulse spending with mindful spending takes time but is possible. Mindful spending means thinking about purchases carefully and making sure they align with your values and goals.
Track your expenses to see where your money goes and identify patterns of impulse spending. Celebrate small victories when you resist unnecessary purchases.
Developing hobbies and activities that reduce stress without spending money also helps. Exercise, reading, or spending time with friends can provide emotional boosts without emptying your wallet.
The Role of Support and Accountability
Sometimes talking about your spending habits with a trusted friend or family member can help keep you accountable. Sharing your goals and struggles makes you less likely to give in to impulses.
Consider seeking advice from financial counselors if impulse spending is seriously impacting your life. They can offer personalized strategies and support to help you regain control.
The Bigger Picture: Taking Charge of Your Money
Impulse spending might feel harmless in the moment, but its risks stretch far beyond. It can derail your financial plans, cause stress, and even affect your health. Recognizing these risks and understanding the psychological reasons behind impulsive purchases is the first step toward change.
By creating budgets, pausing before purchases, and seeking support, you can break the cycle of impulse spending. This not only improves your finances but also helps you build a healthier relationship with money and yourself.
If you’ve ever been caught in a cycle where impulse buys lead to short-term loans like auto title loans in Birmingham, know that change is possible. Take control with mindful spending, and watch your financial and emotional well-being improve over time.
The evolution of blockchain technology and tokenized assets is reshaping the betting industry, introducing a new era of digital wagering. 1win Token plays a crucial role in this transformation, offering players a decentralized, fast, and transparent way to place bets without the limitations of traditional financial systems. As sports betting platforms integrate blockchain-based currencies, the industry is witnessing a shift toward tokenized transactions, automated payouts, and trustless gaming ecosystems.
Beyond the technological advancements, the psychology of betting is also evolving. The use of digital tokens instead of fiat money changes how players perceive risk, winnings, and losses. 1win Token creates a distinct betting experience, where users feel a greater sense of flexibility, reduced emotional attachment to wagers, and increased engagement with gamified reward systems. This psychological shift influences betting behavior, financial decision-making, and player loyalty, making digital assets a powerful tool in modern gambling strategies.
As blockchain-based betting continues to grow, 1win Token is at the forefront of this revolution, redefining how players interact with sportsbooks, perceive value, and engage in betting markets. Whether through automated transactions, digital reward systems, or the psychological appeal of tokenized betting, it is paving the way for a more dynamic and innovative betting culture.
Tokenized sports betting: how 1win Token is creating a new betting culture
The introduction of blockchain-powered betting systems has revolutionized the way players engage with sportsbooks. 1win Token is at the forefront of this evolution, offering a decentralized, efficient, and transparent alternative to traditional sports betting models. Unlike conventional betting platforms that rely on fiat currencies and centralized payment systems, tokenized betting provides instant transactions, automated payouts, and smart contract-based wagering—eliminating the risks of delays, hidden fees, and operator manipulation.
Below is a breakdown of how 1win Token is shaping the future of sports betting:
Feature
How it works
Why it’s transforming betting
Impact on players
Instant transactions
Bets, deposits, and withdrawals using 1win Token are processed in real-time via blockchain technology.
Eliminates delays caused by banking restrictions, payment approvals, and third-party processing.
Players experience faster transactions and immediate access to winnings.
Smart contract-based wagering
Betting agreements are automatically executed via smart contracts, ensuring fair payouts.
Removes the need for manual validation and operator interference.
Users gain full trust in bet settlements and outcome transparency.
Borderless betting
1win Token allows global participation in sports betting without geographic limitations or currency conversion fees.
Expands access to players in regions with restricted banking services.
More users can engage in betting markets regardless of location.
Lower transaction fees
Traditional payment methods involve high banking and conversion fees, while blockchain transactions reduce costs.
Players keep a larger percentage of their winnings.
Creates a cost-effective and fairer betting environment.
Decentralized sports betting markets
Players can wager against each other directly using 1win Token, rather than relying on bookmaker-set odds.
Introduces a peer-to-peer (P2P) betting system, reducing house edge.
Users gain greater flexibility in setting odds and bet conditions.
Automated rewards & loyalty programs
Players earn bonus 1win Tokens for regular betting activity, staking, or tournament participation.
Encourages long-term engagement and player retention.
Users benefit from extra rewards without relying on fiat-based promotions.
NFT-based betting perks
Special NFTs grant enhanced betting conditions, VIP access, or reduced fees.
Adds collectible, value-driven assets to the betting experience.
Players can trade or hold NFTs for added in-game advantages.
Fair play & transparency
Every transaction and bet outcome is recorded on the blockchain ledger, ensuring no manipulation or hidden adjustments.
Increases trust and eliminates doubts about fairness.
Players gain full confidence in the legitimacy of betting results.
By removing traditional banking barriers, introducing smart contract automation, and enhancing user engagement through tokenized rewards, 1win Token is redefining the sports betting landscape. The transition from fiat-based to tokenized betting creates a more inclusive, transparent, and efficient gambling environment, ensuring that players experience faster payouts, lower fees, and greater control over their wagers.
As the gambling industry continues its shift toward blockchain integration, 1win Token is leading the way in establishing a new culture of digital-first, decentralized sports betting, making wagering more accessible, secure, and financially rewarding for users worldwide.
The psychology of digital money: why players perceive betting differently with 1win Token
The introduction of digital currencies into the gambling industry has not only changed the mechanics of betting but also transformed how players perceive risk, rewards, and financial decision-making. 1win Token, as a blockchain-based betting asset, influences player psychology in ways that traditional fiat currencies cannot. The shift from physical cash to digital tokens creates a new psychological environment, impacting spending behavior, emotional attachment, and risk assessment in betting scenarios.
Here’s how 1win Token alters the perception of betting and financial decision-making:
Reduced emotional attachment to money – digital tokens feel less tangible than physical cash, making players more likely to place bets without the same psychological resistance as when using fiat money.
Increased betting frequency – the ease of instant transactions with 1win Token encourages players to place bets more frequently, as there are no banking delays, withdrawal restrictions, or long processing times.
Higher risk tolerance – since 1win Token operates within a digital ecosystem, players often perceive it as a separate asset from their traditional bank balance, leading to higher-risk bets compared to fiat-based gambling.
Perceived infinite supply – unlike traditional money, where cash withdrawals and deposits feel finite, tokens can be earned, staked, and traded, making them feel like an unlimited resource in the betting economy.
Gamification of financial transactions – the use of 1win Token in rewards, staking, and NFT-based perks makes betting feel more like a digital gaming experience than a financial transaction.
Instant gratification & faster spending cycles – unlike fiat transactions that require banking approvals, 1win Token allows immediate withdrawals and bets, making players engage in faster betting cycles.
Less regret for losses – since 1win Token is acquired through multiple sources like staking, rewards, and loyalty programs, losses don’t feel as significant as losing traditional money.
Higher engagement with staking & rewards – the ability to earn extra tokens through staking, cashback, and play-to-earn incentives creates a sense of earning opportunities rather than simple gambling losses.
Greater experimentation with betting strategies – digital assets lower the perceived risk of experimenting with new betting styles, making players more open to testing new markets and unconventional wagering tactics.
Stronger loyalty to tokenized platforms – since players accumulate 1win Token through gaming incentives, they are more likely to stay within the ecosystem rather than switching to traditional fiat-based betting sites.
By removing traditional financial barriers, introducing gamified digital assets, and altering how players perceive betting risk, 1win Token is shaping a new psychological approach to gambling. The combination of instant transactions, reward-based staking, and reduced emotional attachment to digital money creates a more engaging, high-frequency betting experience.
As the gambling industry continues shifting toward tokenized assets, understanding the psychological impact of digital currencies like 1win Token will be crucial in designing future betting platforms that are both financially rewarding and psychologically optimized for user engagement.
Final thoughts: the psychological and technological shift in betting with 1win Token
The integration of 1win Token into sports betting and gambling ecosystems is more than just a financial evolution—it represents a fundamental shift in how players perceive and engage with digital wagers. By introducing tokenized betting, instant transactions, and decentralized smart contracts, 1win Token is redefining the traditional boundaries of gambling culture.
From a psychological standpoint, digital currencies alter the way players evaluate risk, handle losses, and approach betting strategies. The reduced emotional attachment to digital assets, increased willingness to experiment with different betting tactics, and gamification of financial rewards all contribute to a new era of engagement in the gambling industry.
At the same time, the technology behind 1win Token eliminates many inefficiencies found in fiat-based betting, offering faster payouts, greater transparency, and a more inclusive global betting ecosystem. As the iGaming industry continues shifting towards blockchain integration, 1win Token stands at the forefront of this transformation, paving the way for a more dynamic, decentralized, and player-centric gambling experience.
Real-money games aren’t just about luck. Whether it’s poker, slots, play-to-earn (P2E) platforms, or apps that pay you to play, each one has its own style. Some are casual and fun, while others call for strategy. Many users are drawn in by the thrill, others by the potential earnings. The market is huge and growing fast, especially with mobile apps making it easy for anyone to get started in minutes.
1. Pick Games and Perks That Match Your Goals
Online poker has become a go-to for players looking for skill-based competition. It sits alongside sports betting platforms, which are popular for their fast results and wide game selection. Many players in the US prefer sites that offer flexible stakes, quick sign-ups, and regular bonus deals. These platforms often run promotions that appeal to both beginners and regulars.
Niche platforms with perks that offer some of the fastest withdrawal options are also very popular. According to iGaming expert Matt Bastock, these sites provide a range of other perks like generous bonuses and expansive gaming libraries. Among gambling enthusiasts, platforms like these are considered premium.
Casual users may even prefer lighter games or apps that offer real-world rewards. These include mobile casinos with simple slots and card games or betting apps that let you wager on sports like football or basketball. For those starting out, it helps to try several games before committing. Whether you want skill, luck, or just a way to pass time, there’s something that fits.
2. P2E Games Aren’t Just for Crypto Fans
Play-to-earn games like Axie Infinity or Thetan Arena mix gaming with money-making. In most cases, you earn small rewards through gameplay, daily tasks, or by trading items. Some games require an upfront investment. Others let you start for free and earn over time. The bigger your activity, the more you can earn in tokens or crypto coins.
These games have a strong social side. Players often team up, join guilds, and build long-term strategies. It’s not just about playing well, it’s about staying consistent. P2E titles may not pay much at first, but some users do manage to build up enough rewards to cash out regularly. Be prepared for learning curves and market shifts that can affect what you earn.
3. Apps That Pay You Are Real—But Read the Fine Print
Apps like Mistplay, Swagbucks Live, and Cash Giraffe are built for users who want low-risk rewards. These platforms pay users in gift cards or cash for completing game tasks or watching ads. They’re free to join and don’t require any spending. That’s what makes them so popular among casual gamers.
However, it’s important to understand how they work. You often need to play for long periods before seeing results. Some apps limit daily rewards or pay in small increments. It’s not a fast-money option, but it can be a fun way to earn during downtime. If you’re okay with small earnings and enjoy mobile gaming, these apps can work.
4. Speedy Services Make a Big Difference
One of the first things players look for in real-money casinos is speed. Fast platforms are often a big selling point for online casinos. Players want quick access to their winnings without delays. Platforms that offer instant cash-outs via PayPal, Skrill, or crypto wallets are now favoured over those that take days to process a payment.
This focus on speed has made fast-withdrawal sites rise in popularity, especially in markets like the US and UK. These casinos often include tracking tools so players can see when payouts are sent. For new users, it’s helpful to choose sites known for consistent payout times. Check user reviews and payment terms before you sign up.
5. Always Track Your Spending
Small wagers can add up fast. New players who bet without strategic underpinnings can quickly lose count. Premium platforms cater to this and provide options like preset deposit limits. These tools come built in.
Even small bets add up quickly. It’s easy to lose track when you’re switching between games or playing on mobile apps. Many platforms now let users set deposit or time limits to help manage their activity. These tools are built into most major apps and can be adjusted anytime.
Setting your budgets is always a smart move. In the gaming world, managing your bankroll is considered a strategic way to play, much like sports fans do when backing their favourite teams or players. Budgets can be weekly or monthly, all depending on the player’s preferences.
This helps build better habits and gives a clearer picture of how you’re doing. Real-money gaming can be fun and rewarding, but it needs a bit of discipline
Conclusion
The allure of real money games is that they provide a range of variety. This can include everything from classics like poker to online betting and even P2E games. Beginners are advised to start slowly and learn the ropes. By making smart choices, greater value can be unlocked.
Bank of Ireland customers increased their debit and credit card spending for January, with an acceleration in the pace of household spending growth to 6.1%, up from 4.5% in December. This growth, which was broad-based across various sectors, significantly outpaced the current CPI inflation rate of 1.4%, indicating a real gain in consumption of approximately 4%.
A key highlight of January’s spending was a surge in summer holiday planning – travel agencies saw a 50% increase in sales from December, while airline spending rose by 90%. Although year-on-year growth in these categories was modest, spending on hotels and resorts increased by 4.9%.
Spending on sports clubs saw a substantial 23% year-on-year rise, reflecting ‘New Year, New You’ resolutions. However, the January sales season’s impact on retail was less pronounced, with clothing sales down 5% year-on-year, although electrical goods saw a 6.4% increase – November/December are now the most important months for sales of both these items.
Despite the January sales season not providing a significant boost to retail spending, likely due to the prominence of Black Friday and Cyber Monday sales in November and December, spending on services saw a 4.2% year-on-year increase, driven by higher expenditure on travel and other services. ATM withdrawals decreased in January by 2% year-on-year, now accounting for just 12% of total card spending, down from nearly one-third pre-pandemic.
“January’s credit/debit card data showing nominal spending growth of 6.1% is an encouraging sign, showing households’ incomes and expenditure are now growing faster than prices. Notably, cash withdrawals now account for just €1 in every €10 spent by Irish households, well down from one-third just a couple of years ago,” said Conall Mac Coille, Chief Economist, Bank of Ireland.
Looking ahead, Bank of Ireland forecasts a 3% real growth in consumer spending for 2025. “Several indicators support this optimistic outlook, including employment growth at 3.7%, a low unemployment rate of 4%, and average earnings growth of 5%, which is above the CPI inflation rate of 1.4%. Budget 2025 tax cuts, worth 2% of disposable incomes at the average wage, are also expected to bolster consumer spending”, said Conall Mac Coille.
Valentine’s Day is likely to have provided a significant boost to florists, with spending typically rising 5-6 times the normal daily average during this period. There has been a consistent decline in spending on online dating services, down 17% year-on-year in January and 43% since the peak in 2021.
As Black Friday approaches, shoppers across the country are adopting a more mindful approach to spending, new data from Revolut, the global fintech with more than 2.8 million Irish customers and over 50 million globally, suggests.
As financial pressures continue to tighten the purse strings, 30% of Irish consumers have reported that they plan to spend less this Black Friday, reflecting a blend of financial caution and a desire to indulge in more meaningful purchases either for themselves or loved ones.
The study also suggests that ‘treat culture’ is still making a significant mark on Irish society, with one in five (20%) citing a desire to treat themselves to something new as their main motivation for any Black Friday spending. Those wanting a little treat this Black Friday are 25% of 18-24-year-olds, while half (49%) of 18-34-year-old consumers will use this occasion to spend mindfully, purchasing things they wouldn’t normally be able to afford.
This move towards a more mindful way of spending has also impacted where consumers are choosing to shop. Despite Black Friday historically being a popular online retail event, many plan to head back to the high street this year. Two in five (42%) shoppers will hand Ireland’s small shop owners a boost, with many citing a desire to support small businesses and escape long delivery times as factors in their decision-making.
Youngsters are the most motivated by Black Friday shopping with 90% of 18-24-year-olds agreeing Black Friday is a good chance to grab a great deal compared to the more sceptical over-65s (59%) – 15% of whom claim that the deals on offer aren’t as good as they used to be.
Maurice Murphy, General Manager at Revolut Bank UAB – Ireland Branch, said:“Managing your money needn’t be complex or confusing but it pays to be mindful, and this data clearly shows a change in consumer behaviour ahead of this year’s Black Friday. Irish shoppers are purposefully savvy, but with plenty of deals on offer, it’s good to see consumers unafraid of treating themselves at this time.”
With consumers in Ireland increasingly prioritising mindful purchases, brands and retailers alike are preparing for a season defined by quality offerings and compelling deals. Revolut will also take part in this year’s Black Friday with some exciting deals available in-app this month:
Aer Lingus: Until the end of November 2024, earn 10x RevPoints when you choose to pay with Revolut Pay at the checkout.
The Irish Independent: Until the end of November 2024, earn 10x RevPoints when you choose to pay with Revolut Pay at the checkout.
HelloFresh: Until the end of November 2024, get a 50% discount and 20x RevPoints.
Vision Express: Until the end of November 2024, get a free eye test and 30% off when you spend €60 or more, as well as 20x RevPoints.
Revolut Bank UAB (Irish Branch) was recently recognised by financial comparison site Bonkers.ie as ‘Ireland’s Best Consumer Business’ and ‘provider of the Best Current Account’, while the company ranked 9th as part of the Ireland RepTrak® 2024 study earlier this year.
Revolut, the European-licensed bank with more than 45 million customers worldwide, and over 2.8 million in Ireland, has crunched the numbers on Irish consumer spending over the last month, with the app’s own data revealing that two bumper weekends, a rise in tourism, and the start of the school holidays all saw spending rise.
Revolut’s consumer spending analysis tracked 55.6 million card payments in June, indicating several real-world spending trends by Ireland’s Revolut account holders. The total amount spent with Revolut has grown by over 15% (YoY increase) when comparing June 2024 with June 2023, which also accounts for the 16.5% rise in Revolut customers in Ireland in that time.
As part of its 2023 Annual Report, Revolut highlighted how its customer balances had grown across the board in Ireland by more than 50% (2022 vs 2023) and over 26% (2023 vs 2024 YTD, i.e. June). A growing number of consumers across the country are choosing from Revolut’s broad array of products, which are offered at competitive rates and provide a top-quality customer journey.
With spending on taxis, buses, and general commuter transport rising by more than 12%, 12.5%, and 4.25% respectively (MoM increases), it was clear that the June Bank Holiday, along with the final weekend of the month (which saw the Taylor Swift concerts, GAA quarter-finals, and Dublin Pride) drove a spending hike. Customers in Ireland headed for bars, cafes, restaurants, and nightclubs more often, with spending collectively rising by more than 10% (MoM increase).
Domestic and international tourism was also a factor in Ireland’s increased Revolut spending, with June being a popular time to visit the country. There was an 11% jump (MoM increase) in hotel spending, up more than 13% compared to last June. Meanwhile, spending in souvenir shops (16% MoM increase) and tourist attractions (17% MoM increase) shot up. Car rentals also skyrocketed 35% (YoY increase), as excited holidaymakers made their way around Ireland.
With some schools signing off for summer in early June, spending on children’s activities rose. The mid-month release of Disney’s ‘Inside Out 2’ can be attributed to the over 34% rise (MoM increase) in spending in cinemas. Amusement parks (26% MoM increase) and aquariums (19% MoM increase) also proved popular in June for those with kids.
Maurice Murphy, General Manager at Revolut Bank UAB – Ireland Branch, said: “The 15% rise in the amount of money customers are spending with us each month is notable. While we have continued to innovate at pace for the benefit of the Irish market, we’re also doing more to become people’s primary bank. Our customers are encouraged by what they see, and we will continue to encourage more to see Revolut as the bank they go to first time, every time. Overall, the bumper month of June provided a visible uplift to a variety of economic sectors.”
Revolut, a European-licensed bank, was recently recognised by financial comparison site Bonkers.ie as ‘Ireland’s Best Consumer Business’ and ‘provider of the Best Current Account’, while the company ranked 9th as part of the Ireland RepTrak® 2024 study earlier this year.
Revolut, the global financial app with more than 40 million customers worldwide, and now over 2.8 million in Ireland, has crunched the numbers on Irish consumer spending over the last month, with the app’s own data revealing that fair weather and an upcoming summer of sport saw a spike in consumer spending across the country.
With the GAA All-Ireland Championship, Irish Rugby’s tour of South Africa, The Open Golf Championship, and the Paris 2024 Olympics all now coming into view, Revolut’s consumer spending analysis tracked nearly 55m card payments in May, indicating real-world spending trends by Ireland’s Revolut account holders, who made close to €1.25bn in card payments across the month — a rise of 7.95% (MoM increase) with figures adjusted for user growth.
The May sunshine sparked a significant increase in consumer spending on sports clubs, which jumped by close to 22% (MoM increase), a rise of more than 70% (YoY increase) when compared with the same period last year. Similarly, parents are paying out more this year for sports and recreation camps for their children compared to last, rising by 7.5% (YoY increase).
Sports apparel and sporting goods stores were the beneficiaries, with spending up more than 13% and 12% respectively (MoM increases). Meanwhile, consumers in Ireland were hitting the gym more often in May, with outlays on health and gym memberships rising by close to 20% (MoM increase) and over 23% (YoY increase).
May’s fair weather also saw Revolut customers flock back to the golf club, with expenditure on courses rising over 20% (MoM increase), likely inspired by The Masters in April and the upcoming Open Championship later this summer.
Maurice Murphy, General Manager at Revolut Bank UAB – Ireland Branch, said: “With now more than 2.8m customers across Ireland, we are able to draw genuine consumer spending insights from a data pool that represents over half the country. It’s therefore great to see a noteworthy rise in both general and sports-related expenditure, with our customers clearly inspired by the summer that’s ahead of us. Revolut supports customers with their health and fitness, with up to 20 credits for ClassPass and a digital personal trainer through Freeletics available via certain paid plans, providing greater access to gyms and fitness studios.”
Revolut was recently recognised by financial comparison site Bonkers.ie as ‘Ireland’s Best Consumer Business’ and ‘provider of the Best Current Account’, whilst it ranked 9th as part of the Ireland RepTrak® 2024 study earlier this year.
Revolut, the global financial app with more than 40 million customers worldwide, and over 2.7 million in Ireland, has crunched the numbers on Irish consumer spending over the last month, revealing that a showery April has given Revolut customers in Ireland itchy feet — with spending on travel up nearly 10% YoY versus April 2023.
With figures adjusted for user growth, Revolut’s consumer spending analysis tracked more than 50 million card payments in April, indicating real-world spending trends by Ireland’s Revolut account holders, who spent more than €1.1 billion across a very damp month of April.
Money spent on airlines rose again by close to 4% (MoM increase) as the wet weather saw holidaymakers continue to plan overseas trips — up nearly 25% on April 2023 (YoY increase). People are spending more at the airport this year than last, rising a notable 12% (YoY increase).
Travel agencies were the beneficiaries with a small rise in spending versus the previous month (1.58% MoM increase), up 24% on a more fair weathered April 2023 (YoY increase). Similarly, spend on timeshares shot up by over 16.28% (MoM increase) as Revolut customers in Ireland looked to get away — a steady near 4.5% rise on last April (YoY increase).
Cruises also proved a popular escape, with over 15% more spent on voyages than in March (MoM increase), and more than 23% when compared with April 2023 (YoY increase). Not all were deterred by the wet weather though, with a considerable 34.5% rise in trailer park and campsite spending compared with March (MoM increase) and April 2024 (22% YoY increase).
Maurice Murphy, General Manager at Revolut Bank UAB – Ireland Branch, said: “Our continued push into the travel sector has helped make spending on holidays, short breaks, and last-minute getaways even easier for our customers in Ireland. One-click checkout with Aer Lingus, the introduction of eSIMs to avoid overseas roaming charges, and our super competitive foreign exchange rates have meant more people are trusting Revolut on their trips away. Revolut is Ireland’s preferred way to manage money on a daily basis and these strong spending figures highlight how more customers are using us as their primary bank account.”
Revolut was recently recognised by financial comparison site Bonkers.ie as ‘Ireland’s Best Consumer Business’ and ‘provider of the Best Current Account’.
