More than half of Brits wish they were better with money, according to new research from OnePoll that revealed many of us regularly choose convenience over cost.
Around 90% of us think we’re good with money, but just wish we could be better at knowing when to save and when to spend. Almost a quarter admit they aren’t great when it comes to putting money aside for a rainy day, and more than half of respondents admitted to often buying shop-bought snacks and lunches instead of preparing lunch at home for a fraction of the price.
Adults spend an average of £43 a month on ‘pointless’ items – the equivalent of £31,115 over a lifetime, while almost one in five don’t monitor their spending. 73% of the nation confess they worry about money, checking their bank balance an average of three times a week, and three in four wish they could earn a little extra pocket money.
One in 20 even admitted to making a purchase without actually checking how much it costs as experts are urging us to make more of an effort to set budgets. Of those who don’t set themselves a budget, one sixth admit it’s because they know they won’t stick to it. One in five don’t set a budget because they simply don’t worry about it, while 13% simply can’t be bothered.
“We’ve all had those months where payday seems to crawl into sight and when it eventually comes around, our well-earned pounds are frittered away on bills and debt,” said Louise Harper-King, a spokeswoman for OnePoll.
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