Money worries 'putting a strain on UK couples'

Money worries are leading some UK consumers to neglect their love lives, a new study has indicated.

According to research conducted by Scottish Widows, one in eight people are too busy worrying about their finances to enjoy quality time with their loved ones.

The study revealed that a lack of time and work commitments are also having a negative impact upon many couples' relationships.

Alison Morris, savings expert for Scottish Widows, said better financial planning can help take the strain off many professionals and enable them to enjoy a better work/life balance.

"By looking ahead and planning their finances now, people can spend more time focusing on the important things in life such as their loved ones," she commented.

"And for those that are able to put money aside for their retirement, Scottish Widows recommends saving 12 per cent of your income."

Last week, a study conducted by Birmingham Midshires indicated that British consumers saved more in the three months to January 2010 than a year previously.

On average, savers put away £776 in the fourth quarter of 2009, compared to £329 in the same period 12 months ago.

Moneyextra.com recommends you take independent financial advice before acting on any article

Back

2010-02-10 13:32:53 © Moneyextra.com