The most important financial numbers the UK needs to know right now
– Guest blog from PayPlan
Did you know that 40 percent of UK employees are affected by money worries, or that the average Brit only begins to worry about debt once it’s over £6,000?
Between 9 – 15th September, Know Your Numbers Week encourages people across the UK to get to grips with their blood pressure numbers, but what about when it comes to keeping our finances in check and stress at bay?
One of the UK’s leading free debt advice providers, PayPlan, has put together the most important financial figures that the UK needs to know right now in order to reduce their financial anxiety and stress caused by money worries.
Finances and high blood pressure
PayPlan recently reported that prior to seeking debt advice, 91% of people suffer from stress and anxiety, which can triple someone’s changes of coronary and cardiovascular related death.
Rachel Duffey, CEO of PayPlan, said: “We know that once people seek advice from PayPlan their mental health dramatically improves. So, this year, we’ve put together numbers that people across the UK should know in order to feel confident around their finances.”
Do you know your numbers?
- 5% – the minimum deposit you need to be able to put a deposit down on a house
- 20% – the ideal percent of your wage to put into savings each month
- 36% – your best debt-to-income ratio
- 40% – the number of UK employees affected by money worries
- £6,012 – when the average Brit will begin to worry about their debt
- £15,400 – the average UK household debt
PayPlan client, Christina, said prior to receiving free debt advice and help: “Being in debt definitely had a negative impact on my mental health and my general wellbeing suffered as a whole. I felt very anxious, stressed and would have sleepless nights.”
Such symptoms can cause an increase in blood pressure, so it’s worth getting help before your physical and mental state worsens.
After seeking advice, Christina said: “Since seeking support from PayPlan, my stress levels have definitely reduced. I feel calmer and more reassured about my situation. We have a plan and seeking the advice has improved my mental wellbeing.”
Blood Pressure UK wants to “encourage people to live well for longer by going to get their blood pressure checked” to “help to prevent death and disability from stroke and heart disease caused by high blood pressure.” PayPlan would like to encourage people to seek debt help to ensure any money worries don’t last for years, increasing the potential risk of raised blood pressure and personal harm.
Take action today
For free debt advice, visit www.payplan.com/debtadvice.
PayPlan is one of our valuable providers which, through our health and wellbeing platform thezone, deliver debt management advice to our clients’ employees. If you’d like to find out more about how we work with PayPlan and other health and wellbeing providers, click here.