Abbey Banking: Britons do not budget by Finance News Bulletin

Published: 24/11/07

Poor planning is at the spirit of Brits running out of money in the week before their pay is paid into their store account, new research revealsAbbey Banking says that 64 per cent of people run out of cash about five existence before they are paidNearly a third (31 per cent) rely on their overdraft when funds run dehydrated, while a quarter employ credit cards to surviveAbbey head of banking Steve Shore supposed: "A staggeringly high number of people regularly fail to budget effectively each month and finish up running out of cash before their next paycheque

"He went on to warn that the move toward of Christmas meant that people had to budget carefully to make sure they did not sprint out of cash during the party periodRecent research published by Lloyds TSB revealed that 59 per cent of people predictable

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