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In a recent study undertaken by the Co-operative Bank Credit Cards, it was unveiled the typical Briton will spend just less than 175 pounds on this particular day. This spending - which ranges from areas such as clothes and food to parking and make-up - accounts for some 9,077 pounds over a year. Consider this over a lifetime total spending on this time on this day will total more than 549,000 pounds.

And although large numbers of people target having a good time at the weekend, money management problems look to be leaving many with a fiscal hangover as Monday arrives. Just under three-quarters (72 per cent) that took part in the study admitted that 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 shoppers who are requiring an useful way in which to supplement their spending, applying for a cheap loan might be a good course of action.

The study from the financial services company showed that a significant proportion of money goes toward shopping sprees. Just over 21 pounds goes toward clothes, with 25 pounds and 44 pence splashed out on shoes. Overall, spending on these areas come to 47 pounds.

On top of 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 DVD's, while contributions to travel expenses stands at over ten pounds. Sports goods and hobbies were each revealed to cost slightly less than 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 many of us 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 manage their spending so it doesn't come as a surprise when their bills come through the door.'

Those buyers looking to make a significant purchase or want to add to their finances, taking out a cheap loan may be recommended. By 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 - effectively and are left with an affordable rate of repayments to make each month. Going for these kind of loans could be a good recommendation after a study carried out by IFA Promotion website Unbiased in April 2007 showed that many customers have a "buy now, think later" attitude towards shopping. An estimated 7.5 million people were shown to make short term financial decisions, with three million purchasing items purely on desirability.