As well as being the day of the week which significant numbers target the most, a study held recently has revealed that Saturday can be the time when buyers are most likely to splash the cash.

In research undertaken by the Co-operative Bank Credit Cards, it was revealed the typical Briton will spend slightly less than 175 pounds on this particular day. This spending - which ranges from areas such as clothing and provisions to parking and make-up - accounts for some 9,077 pounds in a 365 day period. Taking this over a lifetime, total spending on this day will add up to more than 549,000 pounds.

And although significant numbers of people target having a good time at the weekend, money management problems appear to be leaving a lot of with a financial hangover as Monday arrives. a little under three-quarters (72 per cent) of those surveyed admitted they spend more cash during The weekend than they had anticipated, with 36 per cent claiming to feel guilty about their expenditure at the start of a new week.

For those consumers who are seeking an efficient way in which to add extra to their spending, applying for a cheap loan may be recommended.

The study from the financial services firm indicated that a large proportion of cash goes toward shopping sprees. Just over 21 pounds goes toward clothes, with 25 pounds and 44 pence splashed out on shoes. Total expenditure on these areas comes to 47 pounds.

On top of all that, eating and drinking out results in typical saturday spending of more than 38 pounds. An average of 11 pounds and 83 pence goes towards electronic goods such as computers and DVDs, while contributions to travel expenses stands at over ten pounds.

Hobbies and sporting accessories accounted for just under nine pounds. Commenting on the figures, Maxine Xodo, product manager at the credit cards division of the Co-operative Bank, said: "It’s incredible to think that Saturday spending could add up to so much. But as a nation we work some of the longest hours in Europe and a lot of people live for the weekend, with Saturday being the one day where people feel they can let their hair down and enjoy themselves. However it is important for people to plan ahead with their spending so it isn't a big shock when their bills come through the door."

Those buyers looking to make a significant purchase or want to reinforce their finances, taking out one of the many cheap loans available may be recommended. In doing this, borrowers may find that they are able to effectively buy an item - whether it is designer brand clothes, a new car or sporting equipment and are left with easily affordable repayments to make each month.

Selecting this kind of loan could be a good recommendation after a study carried out by IFA Promotion website Unbiased in April 2007 showed that a large number oft of buyers have a "buy now, think later" attitude towards shopping. An estimated 7.5 million people were shown to make financial decisions for the near future, with three million purchasing things just on desirability.