Finance & Economics

Here’s which money mistakes Brits consider the biggest

New research reveals Brits are anxious about their money manners

Here’s which money mistakes Brits consider the biggest. Source:

Britain has long been viewed as a bastion of good manners and new research conducted by money sharing app Pingit reveals that whilst some believe manners are slipping, Brits are still concerned about appearing polite where cash is concerned. A whopping three-quarters (75%) of people say they are worried about committing a financial faux pas or appearing ill-mannered when it comes to money. They consider the biggest money mistake to be ‘taking too long to pay someone back’ (50%). However, on average each adult is owed £74 by their friends and family.

Other frowned-upon cash clangers include not paying a fair share of the bill (47%) and bragging about salaries (41%).

What’s more, money mistakes could lead to ruined relationships. One in eight (15%) Brits have rejected a second date because their potential love interest failed to pay or offer to pay on the first date whilst one in ten (10%) left a date early to avoid paying the bill. Nearly a fifth (19%) have also lost a friend because of arguments about money.

The research results also cast doubt on the country’s love affair with decadent displays of wealth on social media. Instead of admiring people with lavish lifestyles displayed in this way, a third (33%) of those surveyed are just annoyed by it.

The research shone a light on just how worried people are about committing a financial faux pas: over half of Brits (52%) would rather ask others their age than their income. Nearly as many people (45%) prefer to overpay their share of a bill than risk looking ‘cheap’ and over a quarter (27%) are more inclined to reveal their weight instead of our salary.

However, the concerns about making a cash clanger are not unfounded, as nearly a fifth (17%) of Brits admit to committing a financial faux pas. More than half (56%) of those whose manners failed them when it came to money felt either guilt or embarrassment and, when asked why, nearly a quarter (23%) said it was because they pride themselves on being polite.

SEE ALSO: Personal budgeting step by step

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