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Financial resolutions have staying power

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Financial new year’s resolutions lasted longer than non-financial ones this year, according to new research.

Unbiased, a financial website that helps consumers find independent financial advisors, revealed that, while 25% of all new year’s resolutions made in the UK failed within one month, less than a fifth (18%) of financial resolutions were not realised.

Of the 68% of consumers who made a new year’s resolution, 21% wanted to save more money, while 19% wanted to reduce their debts. Furthermore, of the 14 million British adults who made a financial resolution, 27% sought professional help from a financial adviser.

David Elms, chief executive of Unbiased, said: “It is encouraging to see how many people intended to get their finances in order in 2008, however it is all too easy to let good intentions go to waste. Setting manageable goals and seeking professional independent advice from an IFA could encourage you to persevere with your resolutions and improve your finances.” 

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