You are here: Home - Uncategorized -

Take the credit for finding true happiness

0
Written by:
31/01/2007

Organising your money, and especially managing credit well, is the way to find true happiness, according to research from lender Picture Financial.

Over half (62%) of respondents said they felt happier when they knew exactly where they stood in relation to their finances. This is particularly true amongst women, with 64% claiming to be happier when their finances are well-organised (compared to 59% of men) than if they are in a mess.

Happiness with financial arrangements, however, can be clouded when confronted with the jargon-shrouded mysteries of the personal finance industry. Confusion over the difference between APRs and AERs in the credit market, for example, can lead to disorientation and distress.

But Julia Dallimore, marketing director at Picture Financial, observed that despite the increased appetite for credit in the UK – and the ‘education gap’ that many suffer when it comes to personal finance – the majority are happy with their financial arrangements and live comfortably with their borrowing.

“Our comfort with credit isn’t matched with our financial literacy and the research highlights that personal finance really is the ‘Final Frontier’ for consumers,” she said.

“But despite stories to the contrary, just 3% of the respondents to our research claim to worry constantly about their outstanding credit. This indicates that whilst we are more likely than ever to have credit, for the vast majority of us it is used as an acceptable means to maintain our standard of living.”

 

 

 

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:
Uninsured drivers ‘a menace on our roads’

More and more people are willing to take the risk of driving illegally on Britain’s roads, with figures from the...

Close