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Thursday 12th June 2008
More than a quarter (27 per cent) of Britons sometimes or always feel out of control with their finances, new research reveals.
According to GE Money eight per cent say they regularly spend more than they earn with over a third of Britons (37 per cent) saying their spending habits have changed in the last six to 12 months with the majority of those admitting that they are making a conscious effort to spend less.
A GE Money spokesperson, commenting on the research findings said:
"As we approach summer we are urging people to take an active interest in sorting out their finances. With the cost of living increasing this is no time to relax; it is important that people take stock and ensure they know exactly what they owe and when."
However, one in three (33 per cent) people claim to be debt free and almost half (44 per cent) of respondents say they save between £1 and £500 from each pay cheque.
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