Bright Grey has urged Britons to cut back on spending to help stabilise their finances and provide enough to secure a safety net for emergencies.
The call came as research from the provider estimated that 16 million are left with nothing from their pay cheque and many are slipping into debt. Its Financial Safety Net report found that on average Brits spend £1,315 a month with 33% of those surveyed spending more than their salary or just about managing to break even. Almost a quarter (23%) just about match their outgoings to their net monthly salary but worryingly, the report said, 10% (approximately 4.9 million) said that they regularly spend more than their salary. The provider noted that spending £30 on protection insuranc...
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