As bills soar, it’s no surprise that we are feeling nervy about our finances. Consumer confidence plunged to a record low of minus 20 per cent in the third quarter of the year, according to bean counters Deloitte.
But over half (51 per cent) of UK adults already don’t feel confident in making decisions about financial products and services, the Money And Pensions Service (MaPS) has found, and one in three of us say thinking about our financial situation makes us worried.
So talking about money is the last thing we want to do, right? No, it may be the best thing we can do, according to MaPS, which runs November’s Talk Money Week.
It says: ‘Building money conversations into our everyday lives helps us build financial confidence and resilience to face income shocks, life events and whatever the future throws at us.’