Do You Plan to Change Financial Habits?
November 20, 2009 by Miranda Marquit
Filed under Finance, Work
Every month, the COUNTRY Financial Security Index is released. This measure looks at the state of financial security in this country, and how people feel about their finances. The most recent survey results, from 
October, show that many people are planning on changing their financial habits as a result of the recent recession. Here is what a recent press release from COUNTRY Financial points out about their findings:
One in four (25 percent) say they would like to be less reliant on credit and debt in the future, 21 percent plan to keep a lid on spending on non-essentials, and 18 percent think they will save and invest more. Fifteen percent say they will now develop and stick to a financial plans.
This is an interesting development. If the recession really does result in a change to overall financial habits, then that could be seen as a definite silver lining. Now is a good time to take a look at your own financial habits and see what can be done about paying down debt, and reducing credit card use. And, of course, it always helps to make a financial plan. It would be even more encouraging to see more people decide to make use of financial planning.
Image source: JudeanPeoplesFront via Flickr
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