You are here: Home - Saving & Banking - News -

Brits choose Mystic Meg over their bank manager

0
Written by:
03/02/2006

More than one in 10 Britons have used their horoscope to make financial decisions. Pauline McCallion finds out more

Almost half (48%) of Britons aged between 17 and 25-years-old check their horoscope on a weekly basis, compared to 2% of all people who check their credit report on a regular basis for any changes.

Luck was singled out as the biggest determining factor in their current financial situations by 17% of 36 to 45-year-olds. Consumers aged over 60, on the other hand, seem to be much more sensible, with 10% attributing their financial position to their bank manager’s advice.

The research by CreditExpert, a service from credit reference agency, Experian, exposed Northern Irish consumers as the most likely to reach for the stars, with a third (32%) basing important financial decisions on their horoscope. Scots tend to go for the more rational approach, however – over a fifth (22%) look to their bank manager for financial advice, as opposed to Russell Grant or Mystic Meg.

Jim Hodgkins, managing director of CreditExpert.co.uk, points out that while many things in life are down to luck, your finances should not be one of them. He adds: “Important financial decisions should be based on fact and keeping yourself up-to-date with your current financial status is a crucial element of this.

“Keeping on top of your finances and being aware of your credit status is essential in order to ensure your credit history and financial borrowing power remain intact and healthy.”

Despite this warning, CreditExpert has outlined the financial behaviour it believes applies to each star sign’s character traits. This includes a lack of interest by Pisceans, rate-tart tendencies for Geminis and absentmindedness on the part of Sagittarians.

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
ID theft tops £1.7bn a year

The cost of ID theft is soaring and the problem could be set to get worse. Andrew Partridge looks into...

Close