Financial resolutions 'out the window'

04 January 2006
In spite of good intentions, Brits look set to break their financial New Year's resolutions by the end of January, according to research from Friends Provident.

Research by the life insurance provider found that over 14 million Brits intend to break their resolutions before the end of the month.

Despite promises to clean up their financial situations, only 21 per cent of Brits bothered to make a New Year's resolution compared to over half of people last year.

However, a third of women have said they will save more money this year compared to a quarter of men.

Warnings over pensions have fallen on deaf ears, however, as only four per cent of people plan to start a pension as part of their New Year's pledges.

Head of investments at Friends Provident, Christine Foyster, said: "For the one in ten who appear to actually achieve their goals then it’s definitely worthwhile.

"And for the rest of us - it's better to try but fail than not to try at all."

The research revealed Scots are the least likely to stick to resolutions with half expected to break them by the end of the month while the Welsh are the most determined to stick with them.

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