However, it’s not always straightforward and some people can struggle with the numerous tasks that come along with it.
- Although Brits believed it was the most important financial task to do, 66% find it very difficult to build up a financial safety net
- Almost a quarter of Brits (22%) also struggle to manage their loan and debts, and one in ten (9%) can’t keep track of their regular bills and payments
- Debt management company Lowell offers their top tips on how to tackle those difficult financial tasks
Debt management company, Lowell has looked at the tasks people find most difficult when it comes to managing personal finances, with building up a financial safety net to fall back on coming out as the task people find the hardest.
What money management tasks do people struggle with the most?
- Building up a financial safety net to fall back on if needed – 66%
- Saving for specific long-term purchases – 60%
- Finding ways to make more money from savings and assets in the future – 59%
- Saving up for experiences and activities – 52%
- Sticking to a budget –…
