Scottish Widows’ second annual Priorities of Life survey has revealed that 17 million of the adults in Britain would do well to spend more time on ‘life admin’.
Some 21 per cent of these attributed the problem to debt worries, while 32 per cent argued that their wages are not high enough and 25 per cent - four million people - admitted that they try not to think about money at all on a day-to-day basis.
While managing finances can be time-consuming and seemingly unrewarding in the short term, by leaving finances out of order people become particularly vulnerable in case of redundancy, sickness or the birth of a child.
One possible solution for those with too much on their plates is a
thinkbanking current account. For a start-up fee of £25, followed by a monthly £14.50, thinkbanking takes on much of the time-consuming admin work for investors, allowing them to budget themselves much more easily. It also provides “payment forecasting”, which can predict shortfalls up to three months in advance, giving you time to prepare and avoid missing bill payments.
