Brits break personal finance pledge
26/01/2006
A significant number of Brits have already given up on trying to fulfil their resolutions for the new year, according to new research, with many financial pledges forgotten.
Despite starting 2006 with promises of sorting out their personal finances and taking a more organised approach to money management, it seems that many people are happy to go back to their old habits.
Figures released by IFA Promotion revealed that 39 per cent of Brits, around three million, have already given up on their resolutions.
Although the old favourites of eating more healthily, going to the gym and giving up smoking all featured, an increasing number of people also started the year with a pledge to improve their finances.
Over 50 per cent were hoping to use a system of saving and budgeting to get their finances into shape, while 23 per cent were looking to get on the property ladder.
Reducing personal debts was also on the list, although the research indicates that many Brits are finding it harder than they first thought.
Karen Barrett, marketing director of IFA Promotion, acknowledged the difficulties associated with sticking to a budget but said that good advice and a sensible savings plan could help to make money management easier.
"It is very encouraging to see so many people starting the year with resolutions - especially financial," Ms Barrett commented.
"However, it can be easy to let these good intentions fall by the wayside. An IFA could encourage you to persevere with your resolutions and improve your finances."
Despite starting 2006 with promises of sorting out their personal finances and taking a more organised approach to money management, it seems that many people are happy to go back to their old habits.
Figures released by IFA Promotion revealed that 39 per cent of Brits, around three million, have already given up on their resolutions.
Although the old favourites of eating more healthily, going to the gym and giving up smoking all featured, an increasing number of people also started the year with a pledge to improve their finances.
Over 50 per cent were hoping to use a system of saving and budgeting to get their finances into shape, while 23 per cent were looking to get on the property ladder.
Reducing personal debts was also on the list, although the research indicates that many Brits are finding it harder than they first thought.
Karen Barrett, marketing director of IFA Promotion, acknowledged the difficulties associated with sticking to a budget but said that good advice and a sensible savings plan could help to make money management easier.
"It is very encouraging to see so many people starting the year with resolutions - especially financial," Ms Barrett commented.
"However, it can be easy to let these good intentions fall by the wayside. An IFA could encourage you to persevere with your resolutions and improve your finances."
