Thrifty Loans

New research identifies British people to lack skills to plan ahead for their financial futures.

Payment firm Bacs has revealed statistics showing 31% would rather live for the moment than plan ahead and more women than men concurred with this.

Following on from this, 29% of adults admit to treating themselves when they are aware they really cannot afford it. 34% of women and 24% of men fall into this way of thinking.

Further examination of their statistics reveals that 87% of Britons feel “very confident” about reaching financial decisions, with 23% taking the philosophy that “ things tend to work out in the end”.

On the whole the survey would appear to indicate that British people as a whole have a very laid back attitude to money-related things, with 29% admitting to being “not very interested in financial matters”. 34% of women indicate a stronger affinity with this statement compared to 24% of men.

Although indications are that British people do not have terribly strong feelings over financial matters, they, on the whole, have no hesitation in using their plastic cards whenever and wherever they can.

Almost 1 in 4 Britons admit they would borrow money for something rather than save for it, with 25% of men and 21% of women indicating this as their course of action.

This would appear to be the route for a lot of British people to take since more than 1 in 5 British adults do not try to save money on a monthly basis and 28% regularly find themselves financially stretched.

Taking all that into consideration, it may be surprising to learn that 87% of British adults would likely know how much is in their current accounts at any given time.