According to the Office of National Statistics, around 26 million Brits (57%) have cut back on spending money on non-essentials, while more than a third of those whose cost of living had gone up cut back spending on food and essentials (35%, around 16 million people).
Almost a quarter (23%, around 11 million people) used savings to cover costs, and 13% (around 6 million people) said they were using more credit than usual.
Due to this, Samson said he gets an "understanding response" from people when he declines invitations and said living frugaly is "worth every sacrifice" as he would rather save wisely now, so he can reward himself later in life.
Samsom Dada, 32, has always had the motto "buy what you need and invest the rest" and thanks to his dedicated scrimping, has managed to rack up a healthy savings pot.
But it's not just Samsom that enjoys a night in, as many people have cut back on their spending due to the cost of living crisis.
