You are here: Home - Uncategorized -

Take the credit for finding true happiness

Written by:

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.”





Tag Box




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

Which ISA is right for you? A round up of the six products available in 2017

From cash to innovative finance to lifetime, here's our guide to the ISA products available to savers this yea...

Guide to buy-to-let tax changes

In late 2015, former Chancellor George Osborne announced a range of  tax measures aimed at landlords, which t...

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.

Five fund tips for a 0.25% interest rate environment

With interest rates stuck at a record low 0.25% and expectations rates could fall to close to zero, here are ...

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...

Investing your money

Alliance Trust Plc gives you smart insight into how to invest your money

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...