Dad dot info form. Ask questions, get answers

Millions of workers feel the pinch

<a href="" target="_blank"></a>

27 May 2015

Over a fifth of workers are ending up in their overdraft every month, according to new research


A study by Post Office Money Current Accounts has found that almost 10 million of us are worrying about whether our wage will last or the entire month.

They questioned nearly 1,200 people in full or part-time work.

As many people look for ways to save money and survive the month without going into the red, a quarter of people in the survey admitted to dipping into their savings to make ends meet.

Around 13 per cent said they often skip meals to save cash in the run-up to pay-day.

And, around 40 per cent admitted to hunting for reduced goods at the supermarket, with 39 per cent saving by taking lunch to work.

Head of Current Accounts at Post Office Money, John Willcock said: “Whilst a third of the working population worry every month, many more find themselves short at the end of the month at some point throughout the year.

He added: “A number of people will be relying on savings, credit cards and overdrafts, highlighting the financial juggling act many of us face.”

There are many online tools available to people to help them keep track of their finances but 25 per cent of people say they struggle to do so.

Last week, a report found the squeeze on household finances was at its mildest in April for six years.

According to Markit’s monthly household finance index, it is as a result of consumers feeling better about the impact of living costs on their budgets.

The overall reading in the Markit Household Finance Index lifted to 45.8 in May, up from 45.5 in March, marking a new record high for the survey which started in 2009.

Related entries LIVE: The First Year is Survival LIVE: The First Year is Survival

On Thursday 29th October at 12 Noon will be live on Facebook chatting all things TWINS!   CLICK HERE TO JOIN US LIVE AT 12 NOON Leonie and Josh Huie, Mum and Dad to fraternal twin girls (their twin heartbeats) chat with Ian Soars, CEO of

Warning: UK Parents toying with their children’s safety

Warning: UK Parents toying with their children’s safety

Parents have been warned that children in the UK are at risk of death or serious injury from the sale of unsafe toys through various online marketplaces. Health and safety experts from CE Safety say parents should ensure they are not buying cheap, unsafe or fake toys...

Rule of Six

Rule of Six

New Coronavirus rules mean when seeing friends or family you don’t live with you should meet up in groups of six or less. For now, that means it is illegal for my whole family to meet another family inside or outside. In some ways we are lucky, we are only a family of...

Latest entries

Why Fathers Should Teach Their Kids About Money…

Why Fathers Should Teach Their Kids About Money…

'When my daughter was 17', writes Michael Gilmore (The Seven Dollar Millionaire) 'I had a series of frightening revelations that set me on an unusual path, one that resulted in me writing her a modern fairytale, Happy Ever After: Financial Freedom Isn’t A Fairy...

ASK DEBBIE- I’m anxious about court

ASK DEBBIE- I’m anxious about court

Dads, do you struggle sometimes? Who do you reach out to for help? Debbie Pattison, a qualified counsellor at Fegans can answer your questions. Send them in to Ask Debbie at and if she can she will answer. Today’s question is about being anxious about...

Pin It on Pinterest