45% of British people say that money is their single biggest cause of stress.
Here you’ll find some honest stories about what stresses us out, and some practical ideas to help.
"I know I need to put money away each month,
but the more money I get the more
my expenses seem to grow".
John tells us how he struggles keep his expenses in check despite the rise in earnings. Anna admits that money is the main source of tension at home. The good news is that there are practical steps that can help put things in order.
With money such an acute cause of stress for many of us, here are some ideas to consider and places you can go for help.
Holly's tip: "Try and pay off expensive debt first. This can include things like payday loans and credit cards. Mortgages and student loans will generally have better interest rates so are not the first thing to tackle.
Most financial advisors suggest building a cash buffer of 3-6 months' income in easy access cash - money to cover you when the unforeseen happens. Clearing debt and building a cash 'safety blanket' are two key goals to tackle before you even think about longer-term savings or investments."
Every year, BlackRock ask people from all over the world, including the UK, how they think and feel about their financial health.
This year, they went deeper than ever before to understand the connection between our financial health and well-being.
Conducted at a time of unique political, cultural and social upheaval, this edition of BlackRock’s Investor Pulse seeks to better understand how these forces affect financial health.
Here is what you said:
Visit BlackRock to learn more about Investor Pulse.