Busy Brits missing out | moneyfacts.co.uk

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ARCHIVED ARTICLE This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.


Lieke Braadbaart

Online Writer
Published: 23/02/2018

A worrying 79% of people live their lives in a constant rush, which could see them missing out on key deals and even forget essential payments, Nationwide Building Society warns. Their findings show that 22% of people only have an hour or less per day to themselves, which gives them no time at all to take stock of their finances.

As a result of all this running around, 10% have missed credit card payments. This could have serious implications for 0% interest deals, which can be cancelled in the event of a missed payment. Clearly, having no time to think could turn out to be quite costly.

Due to time pressures causing almost half (49%) of surveyed Brits to feel stressed, it's no wonder that 53% are feeling overwhelmed by money matters. Further results show that 18% have no time to check or even think about their finances, while 17% have no time to shop around for the best deals.

Since you've reached our website, it seems you've valiantly managed to wrestle some time free from your busy life to read up on the latest finance news and look around for the best rates. Other than using our impartial Best Buys to quickly find the top current account, savings, credit card and other deals, the survey found that 84% use banking apps to save 2.5 hours a week on their everyday banking.

There are clear advantages to doing your banking online compared with having to go into branch or call someone up every time you want to check your account. Luckily, more and more providers are offering on-the-go access to anything from your everyday bank account to your various savings accounts.

It's easy to see who offers such flexibility by checking the 'Account opening' boxes on our charts. In fact, some accounts can now only be opened and operated via mobile app.

So, to save yourself some time and maybe some money, why not see if there's a better current and/or savings account out there for you?


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