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106530
People 'more worried than ever' about money
November 24, 2010
By Liz Parks

Financial Planning Week, which runs until 28 November, is being supported by a range of finance bodies who are keen to assist people in making their money work for them.

According to a financial planning survey carried out by the Institute of Financial Planning (IFP) andh National Savings and Investment (NS&I), people are 'more worried than ever about money.'

The survey revealed that 43 per cent of the 2,000 people questioned are concerned about their finances 'more often than not,' whilst 17 per cent worry about it 'all the time.'

Last year, 12 per cent said they never worried about money, but that lucky group had shrunk to just three per cent this year.

The vast majority of survey respondents – 87 per cent – said that they would be far more likely to save their money if savings accounts were more flexible or simpler to use.

Sales director of NS&I, John Prout, said, "It's important to make an honest appraisal of your financial situation on a regular basis, through assessing three key things; the value of your debt and/or assets, the interest rate you are paying or earning on these and whether you could manage financially if your income was to reduce or your outgoings to increase."

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