Brits make summer resolutions to become financially fit, says Lloyds TSB

04 September 2007
As the summer draws to a close, many Brits are left with a determination to get fit – both physically and financially, according to research from Lloyds TSB.

It’s not just the kids that are getting ready for the new year; it seems that many adults also get the ‘back to school’ feeling and view September as a new beginning, approaching it with a renewed conviction to get their lives in order.

Fifty-six per cent vow to get fit, 36% strive to get their finances in order, and 34% endeavour to spend more time with their friends and family.

Lloyds TSB recommends switching current accounts in order to get the most out of your money. Ian Larkin, Managing Director of consumer banking at Lloyds TSB said; “Time and again, people tell us that sorting out their finances is a top priority, but many overlook the difference that a competitive current account can make to their finances. Switching your current account can seem like a daunting prospect but in reality, it couldn’t be simpler.”

Gladeana McMahon, one of the UK’s leading life coaches told Lloyds: “Resolutions are not just for Christmas, they can be made at any time of the year and sometimes, committing to making changes mid year feels easier. Having time off work in the

summer, or just having a lighter workload, can help people get their lives in perspective and think about the changes they want to make before Christmas comes around.”

In order to become more financially savvy, more than a quarter of those who wish to improve their finances intend to switch current accounts, and three in five of those asked who want to tackle their financial affairs this autumn said they have high hopes that they will make good their intentions.

Other ways that Brits intend to organise their finances will do so by switching credit cards and finding more competitive insurance. Savers can also compare saving accounts, homeowners can search for new mortgage deals and other investment options can help.

Compare current accounts, savings accounts, credit card deals, and mortgage deals.