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Two thirds of Brits make financial resolutions
Wednesday, 6 January 2009 Writes Hazel Cottrell hazel.cottrell@consumerchoices.co.ukBrits are planning to turn their fortunes around in 2010 by sorting out their finances, according to research.
The New Year offers a new beginning, and the majority of Brits are taking the opportunity to make financial resolutions.
| Taking control of your finances in 2010 is obviously crucial. |
Two-thirds of people planned to make financial resolutions on 1 January, according to research by credit ratings company Equifax, and almost the same number put “reducing debts” as their top priority.
Neil Munroe, external affairs director at Equifax, said: “Taking control of your finances in 2010 is obviously crucial.
“So it’s encouraging to see that nearly one in three [consumers] aim to give their finances a complete overhaul, as well as take a better planned approach to spending.”
Equifax’s research, which was conducted among 932 people in November, found that money worries weighed heavily on relationships in 2009, with 13% of people hiding debts from their partner.
Munroe advised those looking to fix their finances to check their credit report first.
He said: “After the inevitable Christmas spending spree it will be even more important for consumers to know exactly what they have to repay, so they can avoid a real New Year financial hangover and get the best credit deals going forward.”