Fall is the season when many Romanians, including those in the big cities, stock up for the winter. Others are preparing for fall discount sales and some just for a few more days of holiday. According to a study conducted by Provident, 65 percent are preparing to spend money on pickles and other types of food that can be stocked.
On the second place among the main fall expenses are winter clothing and shoes, for 63 percent of respondents. Romanians also stock up the pantry with jams and compotes, which ranked third as a priority on the list of autumn expenses, for more than half of those surveyed.
In terms of the amount of money spent, for pickles the average expense is RON 261, for clothes and shoes RON 685 and for sweets and compote RON 202.
At the same time, Romanians in rural areas tend to focus more on their homes – almost a quarter said they planned to renovate a room or the whole building, and 12 percent think of comfort and opt for ensuring their heating during winter. For one in ten respondents, it’s still important to have something sweet on hand, so the money goes back into jams and compotes.
The highest amounts of money go towards city breaks – RON 1,454. A close second is the money spent for various events such as weddings, baptisms and anniversaries (RON 1,424) and the list is completed by new smartphone models (RON 1,412).
While in the urban area people would allocate almost RON 1,200 for refurbishing a room, in the countryside the house is again prioritised and the amount to be spent is almost double, at over RON 2,300.
The beginning of the school year takes RON 567 on average from the pockets of urban populations, but only 30 percent of the respondents had this expense in mind. On the other hand, in rural areas, although the preparations for a new school year are higher on the spending list, only 8 percent of respondents thought they would spend money on it.
Four out of 10 Romanians in the urban area have already thought about spending money on winter tires. For a set of tires and related workmanship, respondents are ready to allocate an average of RON 854.
Black Friday is on the 4th place in the ranking for urban respondents, as 44 percent of them said they are prepared to spend an average of RON 900 for discounted products. Also for discounts, this time for summer articles, 37 percent of respondents plan to spend over RON 500.
Asked whether they had the necessary financial resources to make their autumn purchases, 45 percent of urban respondents say they will have to give up other spending, 44 percent already have the money they need, and 11 percent will consider a source of funding.
In rural areas, on the other hand, 61 percent will give up other purchases to accommodate the autumn list, 18 percent already have the money they need, and 20 percent will contract a loan.
The survey was conducted in June and July 2018, on a representative urban sample, with respondents aged over 18, but also among Provident Financial Romania’s clients in rural areas. In urban areas, data was collected online, and CATI interviews were conducted in rural areas.