How savvy are you with your money and your finances, have you a little jar that you put pound coins in or have you set up a savings account for that rainy day?<\/p>\n
According to a recent survey carried out by Money Advice Service, 203 Million of the UK Population don’t feel confident in managing money and over 54% have not prepared for their future.<\/p>\n
115 Million have less than \u00a3100 in savings and 9 Million of us are in serious debt and only 1\/3 receive help.<\/p>\n
117 Million often use a credit card, overdraft facility or borrow money to buy food and pay bills.<\/p>\n
47%\u00a0 of the population do not feel confident making decisions about financial products and services.<\/p>\n
27% of working age adults are overconfident in their ability to use numbers in everyday life.<\/p>\n
63%\u00a0 of the population do not feel they can determine what happens in their lives when it comes to money.<\/p>\n
49% of the population could last 3 months or more without borrowing if they lose their main source of income.<\/p>\n
53% of the population have\u00a0 planned for financial goals for the next 5 years.<\/p>\n
59%\u00a0 of working age adults have not asked for financial help or support<\/p>\n
43% of adults over 65+ have not planned nor discussed with their family members about how they would manage their finances if they needed to go into long term residential care.<\/p>\n
55% of adults 40+ do not understand enough about saving for retirement.<\/p>\n
38% of adults over the age of 65+ have used the internet for online or mobile banking.<\/p>\n
59% of the population have no clue\u00a0 about financial organisations and websites that offer free help and support for financial problems.<\/p>\n
Perhaps, now is the time that we all sit down and really look at our spending and how we can save for that rainy day.<\/p>\n","protected":false},"excerpt":{"rendered":"
How savvy are you with your money and your finances, have you a little jar that you put pound coins in or have you set up a savings account for that rainy day? According to a recent survey carried out by Money Advice Service, 203 Million of the UK Population don’t feel confident in managing money and over 54% have…<\/p>\n","protected":false},"author":990004,"featured_media":1255,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[16],"tags":[],"acf":[],"yoast_head":"\n