Nancy Hey, Executive Director of the What Works Centre for Wellbeing, adds:
“We know that feeling secure and in control of your money, being able to pay the bills and deal with the unexpected is a key driver of workplace wellbeing. Healthy, happy employees can help organisations to perform better, be more creative, and have reduced turnover, sickness and absences.”
Professor Sharon Collard, Chair in Personal Finance at the University of Bristol, comments:
“January can be a difficult time of year if you are worried about bills piling up after Christmas. This year many people are facing additional money pressures as they grapple with the ongoing financial impact of the pandemic and rising cost of living.
“Money issues can sometimes feel overwhelming, but research shows that if we are able to build positive behaviours and habits – such as saving regularly (even small sums), staying on top of credit, and taking steps to plan for retirement – this can help us feel more in control and have a higher life satisfaction as a result.”
The MoneyHelperOpens in a new window website also offers a number of easy-to-use guides and tools such as Money Navigator to help people deal with the financial impact of the pandemic and avoid financial issues worsening in the future.
For those struggling with indebtedness, MoneyHelper’s money experts offer free, impartial and confidential debt advice over the phone, online and via WhatsApp, and urge people to get in touch right away for support and guidance by calling 0800 138 7777Opens in a new window.