Money on mymind how to#
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We’ve also put together a useful digital guide full of financial tips to help you get organised during a recession. Loads of information is available on the NHS website to help manage money related stress.

However, there is help available for those who are struggling to make ends meet during these tough times. These findings show that money worries really are taking their toll on the nation. More than a third are seriously worried about losing their job and their income due to the pandemic.įinally, our research found that 11 per cent of Brits have already had to take a pay cut this year, while 16 per cent were put on furlough and one in 20 had to turn to friends and family for financial help. Money on my Mind® means it’s time to GRIND A clean scent boosted by earthy woody notes with a spaz of green florals. One in ten have worried about not being able to afford enough food and almost one in five have been concerned about not being able to pay their bills. The current economic climate has also had a big impact on people’s finances, with 27 per cent of adults saying their money woes have increased in the last six months during lockdown. He recalled to Digital Spy: 'I had two writing sessions booked in with someone in the music industry and on. In addition to this, more than half said their financial fears have increased with age and 17 per cent wish there was more help and advice available. He told the BBC the Two Inch Punch-produced upbeat cut was, 'about someone in the industry who offended me recently and I had to get it off my chest.' Sam Smith wrote the song about an artist who was doing the job for the wrong reasons. The findings also show that thinking about finances leaves one in three feeling anxious and a quarter of Brits feeling concerned. Currently, 16 per cent are keeping money related secrets from their loved ones and 14 per cent admitted they struggle to find the right time to bring up the topic. Our study also found more than a quarter of adults have avoided talking about money and 27 per cent have even had a big falling out with their other half due to issues with their finances.

Money on mymind how to#

How to cope if a financial situation changes (25 per cent), how much money to save in a savings account (31 per cent) and paying off debts (22 per cent) were among other worries. Some of the most common money worries relate to how much money will be left after the main outgoings (37 per cent) and paying household bills (36 per cent). More than a quarter of the people we surveyed also admitted they felt this is having a negative impact on their mental health.Ī quarter of adults admitted to being distracted during their working day thinking about how to manage their finances, while 15 per cent have even been preoccupied with cash woes while driving and 13 per cent whilst socialising with friends. Our research shows that adults spend an average of 28 minutes each day thinking about their finances, which works out at around an entire week each year.

We wanted to find out about the impact the current economic climate is having on savers, so we commissioned some national research to help us paint a picture of the money worries Brits are facing at the moment.