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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.”

To find out more about contracting please contact Mahli on 01206 591 000 or email mahli.tugby@contractorumbrella.com.

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