Brits lose over £206m on stag and hen dos each year

Over £206m was ‘lost’ by stag and hen revellers in 2018, with the main reason being “fancy dress costumes”, research suggests.

A survey of 2,000 Brits by money app Pingit found the average stag or hen do “kitty” – where shared expenses such as drinks and taxis are paid from – is a whopping £928.

The pre-wedding send-off is a pricey affair, with the average man forking out £7,997 across 11 stag dos in their lifetime, and women heading on 10 hens at a cost of £5,510.

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However, while the costs and activities may differ, one thing remains consistent – no one wants to be left holding the communal kitty.

With every man contributing an average of £104, and women £68, it’s no surprise cautious Brits are worried about taking charge of it – three quarters (73%) hate being the one designated to look after the central pot of cash.

This caution is not unfounded, as a third of Brits have lost group funds on a night out, while another 35% having had the money stolen, equating to about £206m of lost cash in the last year.

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With morph suits and faux bridal wear reigning supreme on many stags and hens, dressing up was identified as being the most detrimental factor (38%) in keeping the kitty safe, due to a lack of pockets, shallow pockets or simply nowhere to securely keep your funds.

Miscommunication (22%) and going to multiple locations (21%) were also pinpointed as the other main reasons for money going astray.

To stop people worrying and help keep money safe during these fun-filled celebrations, Pingit developed fancy dress that partygoers can pay with directly.

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Each item of wearable payment technology contains a payment-ready chip sewn into it, allowing for seamless spending regardless of outfit choice.