A study made by Lloyds Bank shows that 46% of people suffering with stress and anxiety is triggered by issues related to personal finances.
Comparatively, prior to being asked, 74% of regular savers said they were happy over the month. More than half of those who come up with a savings plan explained how their mental health has been positively impacted on.
Quote from Nigel Holland:
“Due to the numerous benefits of having savings put away, I would recommend getting into the habit of doing so in order to assist a stress free future. Saving regularly can help to reduce financial worries as people will be assured that due to having money put away, any unexpected costs can be paid for.”