Quarter of UK citizens believe finances 'out of control'

One in four Britons worry that their finances are out of control, a survey showed today.

Around 27% of people said they sometimes or always felt they were not in control of their money, with 8% admitting they regularly spent more than they earned, according to financial services group GE Money.

However, 37% of people said their spending habits had changed during the past six to 12 months, with the majority of people saying they were trying to spend less.

Despite this 40% of those questioned admitted they still did not have any money left at the end of each month.

One in three people said they did not have any debt, while 44% claimed to save up to £500 (€631) each month.

However, more than half of those questioned admitted they could be doing more to manage their finances better.

A GE Money spokesman said: "As we approach summer we are urging people to take an active interest in sorting out their finances.

"With the cost of living increasing this is no time to relax, it is important that people take stock and ensure they know exactly what they owe and when."

YouGov questioned 3,145 people during May.