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Despite over half of Brits saying financial well-being is top of their priority list, a recent survey shows that only 55% feel comfortable when it comes to checking their bank statements regularly.

That’s according to research from Lloyds Bank, which revealed that although 23% Brits worry about their finances at least once a week, people spend more time each week on other life admin than money management.

Interestingly, 22% of Brits admit the feeling of financial discomfort kicks in when they do check their bank statement, usually due to spending more than they thought on grocery shopping (60%), eating and drinking out (42%) and buying gifts (30%).

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Chris Gowland, Customer Financial Assistance Director, at Lloyds Bank, said, “With our research showing the majority of Brits recognise financial wellbeing as a priority, it’s important we don’t let distractions and lack of confidence get in the way of building good money habits. A big part of having a better financial state of mind can come from positive conversations about money. Feeling financially resilient can be a real game-changer for how we feel in other aspects of life.

“We know from the thousands of customers we help every week that making dedicated time to stop, take a step back and look at what you are really spending can make so much difference in our ability to see more clearly how we are managing our money.”

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