Media comment: Nutmeg research about 'bad budgeting' habits

16 April 2014

Commenting on Nutmeg’s new research, highlighting that one in five UK adults do not review their monthly household budget, Nick Hill, a Money Expert at the Money Advice Service said:

“With so many easy-to-use budgeting tools available online, it’s never been easier to stay on top of your finances, and see where you need to cutback if necessary. Drawing up a monthly budget is the single most powerful way to get to grips with your money matters. Our Budget planner will quickly show you what’s left over after major bills are accounted for.

“We urge householders to spring clean their finances this month. A little time spent now, de-cluttering your budget, will really reap rewards - shopping around on comparison tables can deliver major savings and cancelling those forgotten, unused subscriptions can bring a windfall of unexpected spare cash. Our Quick cash finder will show you how small changes to your everyday spending habits can bring a big boost to your budget.”

For more information please contact: 020 7943 0593 or pressoffice@moneyadviceservice.org.uk.