Yorkshire Bank: Saving makes Britons happier
www.moneynews.co.uk > General finance > Yorkshire Bank: Saving makes Britons happier
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Money News |
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Yorkshire Bank: Saving makes Britons happier
Fri 15th Aug 2008
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The bank's poll of over 2,000 adults found 77 per cent found it more rewarding to save for a high-value item.
In addition, 84 per cent of people get more pleasure from something they saved for than something they bought with borrowed funds
Some 73 per cent said they are more careful with their money now than they were 12 months ago, while half are more likely now to save disposable income before buying something expensive.
Psychological expert Philip Hodson said that delayed gratification "can generate a deeper sense of happiness".
Gary Lumby of Yorkshire Bank said that clothes, shoes and electronic goods are still bought spontaneously with borrowed money.
Despite the satisfaction of thriftiness, Yorkshire Bank is helping remortgagers this month.
It is waiving arrangement fees for new customers remortgaging in August on a range of its fixed, tracker, offset and flexible mortgage products.
Click here for more mortgage news.
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Related News : Mortgages |
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