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Laziness stops people saving

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27/02/2006

A half of all Brits would save more if it was easier for them to put their money aside, new research has showed.

The research from National Savings and Investments (NS&I) and Tesco Personal Finance found that almost half of all people (46%), complain they only have limited time to make financial decisions, making it harder for them to keep on top of their finances.

The research showed only 55% of the population are saving regularly, but almost half (48%) of Brits would save more if it was easier.

And providers are set to release new savings channels to encourage busy Brits to keep on top of their finances, with more non-traditional personal finance channels such as supermarkets and Internet-only accounts, according to the research.

Trevor Bayley, NS&I’s acting chief executive, said: “Hectic lifestyles mean that we often find it difficult to keep on top of our finances and providers can help by making saving more accessible.”

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