Money worries 'are mounting for many'

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Money worries 'are mounting for many'

More than half of UK citizens are facing mounting financial stresses each month, new figures have shown.

According to research carried out by Halifax, it takes 17 days on average for Brits to start feeling the pinch after they get paid, with more than half of all people claiming that by the final week of the month, they are concerned they will not have enough money to get to the next pay day.

Anthony Warrington, director of current accounts at Halifax, said: "With mobile banking apps and internet banking, it's much easier to stay on top of spending and account activity whilst on the move. It's encouraging to see people take control of their bank balance."

Mr Warrington's comments follow those of Georgina Earle, director of Women In Debt, who recently claimed a growing proportion of the female population are getting into debt difficulties and the increasing burden of indebtedness is not something that can be sustained in the long run.

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