More than 1 in 4 feel finances are 'out of control'
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.
Share this..
Related stories
Lord Turner defends his Tobin tax speech
Lord Turner has today defended his recent speech in which he called for a tax to be charged on all financial transactions and claimed that, in a number of instances, the UK banking sector was "socially useless". Lord Turner's recent comments attracted very different opinions from across the globe and the financial community and despite the fact that this particular subject is outside of his remit...
Read MoreBankrupts unable to open bank accounts
As the number of bankrupts in the UK continues to grow there is concern that many banking operations in the UK are preventing the opening of very simple and non-credit-based bank accounts. There is no legal reason why a bankrupt should not be able to have access to simple banking operations with no credit and no overdraft facilities are available. So why are UK banks doing this? From a banking...
Read MoreHelpful hints to save money
While there are hundreds of ways in which you can save money, the vast majority of people in the UK, and around the world, often ignore the simple techniques because of impatience. Many people expect to save significant amounts of money overnight and are ultimately disappointed when it takes a little longer than expected.
One simple technique which many people use to save money is a...
Tuesday Twitter Twenty
How financially aware are you?
Twenty questions in twenty minutes. We ask the questions and you get to answer them.
On Tuesday 22nd October at 2pm the Financial Advice Support Team here will be sending out twenty finance based questions via our financialAdvice.co.uk Twitter feed @financialUK.
The questions will focus on all things financial such as saving, mort...
Read MoreCould Scottish and Southern be taken over by Sweden's Vattenfall
It has been revealed this weekend that UK energy company Scottish and Southern energy is in talks with Swedish counterpart Vattenfall. The financial press are suggesting an £11 billion takeover could be in the offing with talks said to be at an advanced stage. The move will see yet another of the U.K.'s leading energy companies taken over by a foreign parent amid concerns that the UK government i...
Read More