David and Victoria Beckham are ''saving the pennies'' now.

The couple may have millions of pounds to their name but instead of buying extravagant gifts for themselves, they are saving all they can for their children - Brooklyn, 18, Romeo, 15, Cruz, 12, and Harper, six.

He said: ''We used to be very extravagant in what we'd buy each other. But we're obviously saving the pennies now because we have so many children to be extravagant ... So it's the simple things, really. It's more about spending time together, going for a simple dinner together. Having a nice bottle of wine together.''

And their love of a bottle of wine stems from David's passion for the alcoholic drink.

He added to ES magazine: ''Victoria didn't really drink wine up until very recently so she has all of a sudden discovered my passion. Well she went through a stage of drinking a nice Blue Nun and a little bit of Lambrusco but now it's changed. I've introduced her to good, decent wine. I love Californian reds. I love the buttery-ness of Burgundy. Montrachet, I love. Cheval Blanc is one of my favourites.''

David and Victoria may have cut down the spending on themselves but a source previously claimed they splashed out £60,000 on a new closet in their Cotswolds home.

The source shared: ''The room everyone is talking about at the new pad is the walk-in underwear room. Victoria has a designer wardrobe to the left of the bedroom for her clothes, another one for her shoes and another for her bags. Then, to the right of the room, is the underwear and nightwear 'chamber'. Victoria signed off the budget to get it designed to perfection. It comes with all mod cons including his and her pyjamas embroidered with their initials and hundreds of pairs of their favourite underwear and nightwear brands. The kids have already been warned it's a 'no-go zone' and there's even a security keypad at the door to their bedroom area.''

The full interview appears in this week's issue of ES Magazine, out January 18.