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Saving is sexy again, says expert

April 25, 2008 by admin  
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More people are putting aside money as saving is “becoming sexy again,” according to an expert.

Emma Byrne, a savings advisor, said that people aged between 18 to 34-years-old are increasingly seeing saving as a financial priority and are more concerned about it than 55-year-olds.

A study conducted by Opinium Research earlier this month revealed that men feel they need an average of £101,999 to be financially secure, compared to a figure of £82,193 for women, making the overall average £92,507.

Furthermore, one in 50 people said they would leave their partner if they were financially secure enough to do so.

Although Ms Byrne noted that a third of people regularly move any spare money they have left at the end of the moth into a savings account, she also voiced concerns about the remaining two-thirds of the population who do not have this habit.

Ms Byrne said: “We’d really encourage people, once they’ve sorted out their monthly incoming and outgoings, to go and put that money into a savings account.”

Tags: expert, average, GBP, home, habit, population, Opinium, Ms Byrne

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