Finns less successful in managing their finances
(Thomson Reuters ONE) -
According to a survey conducted by Nordea, Finns have become less successful in
managing their finances. Last year as many as four respondents out of five
thought that they handled their money matters well. Now only two-thirds of Finns
say that their finances are in order.
- The difference to last year seems big, but it may be partly explained by the
fact that this year the survey was conducted using an Internet panel instead of
a telephone survey. On the other hand, those questioned were narrowed down to
persons between 18 and 65 years of age, whereas last year the range was 15-70
years, says Anu Numminen, Nordea's Private Economist.
One in five is broke before pay day
One in five respondents said they had their spent their entire pay before the
next pay day. In particular, young adults and families with children were
penniless just before their salary payment. Notably households earning less than
30,000 euros a year were having sleepless nights because of financial worries;
almost one in four said they had had trouble sleeping more than once during the
previous month.
- One in ten of all respondents said they had received payment reminders, while
6 per cent think that they cannot manage their own finances anymore. This is
deeply worrying, Anu Numminen says.
The respondents classified in the group managing their own finances poorly
comprised those who had chosen at least two weaknesses and who felt that they
are not able to handle their money matters well. These households were
characterised by the following features:
* Earnings were less than 30,000 euros a year, especially less than 10,000
euros a year.
* They are often in the age group 18-29.
* More than half answered that they had been unable to sleep more than once in
a month.
* More than half said that they had received payment reminders.
* Almost four out of five said they were broke before the next pay day.
Measures to manage one's finances
The respondents who were having problems in managing their finances were also
asked which measures they had taken to deal with their money matters. One in
five answered that they had drawn up a budget. Almost one in four said they had
started saving regularly. In light of the survey, men seem to be slightly more
active in trying to improve their financial situation than women.
- When it comes to money matters, it is easier to take preventive steps to avoid
the problems, and in the end it is less expensive, too. If your financial
worries are keeping you awake at night, take the bull by the horns and work out
your situation with a budget. If necessary, seek help from your local bank, says
Anu Numminen, Nordea's Private Economist.
The survey was carried out by Synovate in early May. They interviewed 1,064
persons between 18 and 65 in Finland.
For further information:
Anu Numminen, Private Economist, tel +358 9 165 42653
Anni Kuusisto, Press Officer, tel +358 9 165 42653
[HUG#1426993]
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
All reproduction for further distribution is prohibited.
Source: Nordea (Finland) via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 28.06.2010 - 08:31 Uhr
Sprache: Deutsch
News-ID 23089
Anzahl Zeichen: 0
contact information:
Town:
Helsinki
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 290 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Finns less successful in managing their finances"
steht unter der journalistisch-redaktionellen Verantwortung von
Nordea (Finland) (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
