One in three people say tracking spending changed their savings habits

Marina Gerner

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There is a lack of savings in the UK, as some 21 million people have less than £500 put aside for emergencies, according to the UK Financial Capability Survey.

There is a lack of savings in the UK, as some 21 million people have less than £500 put aside for emergencies, according to the UK Financial Capability Survey.

This is why Royal London and YouGov gave a sample of people smartphone budgeting apps or a pen-and-paper equivalent to track their spending habits for a three-month period in a recent research project.

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Source Moneywise http://ift.tt/2jQZk11