GoCompare uses cookies. By using the website you agree with our use of cookies. Continue Find out how to manage cookies and view our policy here

Brits resolve to get fit and sort out their finances

30 December 2013

2014 New Year’s Resolutions

  • 13 million* people plan to make New Year’s resolutions
  • Fitness, exercise, healthy eating and losing weight top the nation’s New Year’s resolutions
  • Top financial resolutions include saving money on outgoings, putting more money on deposit and getting out of debt or reducing loans and credit card balances.
  • A fifth (21%) say they usually break resolutions within a month

A survey of New Year’s resolutions has revealed that getting fit tops the nation’s New Year wish list with millions of people resolving to exercise more and lose weight. Money matters also feature high in the nation’s 2014 ‘to do’ list with a third of those making a New Year’s resolution to sort out their finances and reduce their outgoings.

28% of the 2,000 UK adults Gocompare.com quizzed revealed that they are planning to make resolutions in 2014, many (46%) will do so because they genuinely want to change their behaviour. However, the survey also revealed how hard it can be to keep resolutions, with 21% of people admitting they have usually broken their resolutions before January is out.

 Rank

The UK’s top ten resolutions for 2014

%

 1

Get fit/take more exercise

54

 2

Eat more healthily/change diet

49

 3

Lose weight

46

 4

Sorting out finances/reducing outgoings

33

 5

Take up a new hobby, sport or interest

27

 6

Spend more time with friends/family

26

 7

Looking for a new job

25

 8

Stop/reduce smoking

22

 9

Stop/reduce drinking

17

 10

Stop/reduce time spent on social media sites

7



Financial resolutions for 2014 concern both reducing spending and increasing savings:

Rank

Top financial resolutions for 2014

%

 1

Save money on outgoings

38

 2

Save more in a deposit account

32

 3

Get out of debt or reduce loan and credit card balances

21

 4

Shop-around for a better energy deal

17

 5

Buy a house or move home

12

 6

Invest some money

11

 7

Shop-around for insurance

10

 8

Put more money into a pension

6

 9

Re-mortgage

3



Claire Peate, Gocompare.com’s customer insight manager, commented: “For many of us, a new year represents a fresh start – a time to think about things we want to achieve or behaviour we want to change. But, despite beginning the year with good intentions – our survey suggests that most people fail to keep their resolutions. 

“Resolving to make a change is always a good start, but good intentions on their own aren’t sometimes enough. If you really want to sort out your finances and reduce your outgoings you need to start taking action. The good news is there are easy and practical steps you can take to change your finances for the better. By using comparison sites like Gocompare.com, it’s never been easier or quicker to shop around for the best deals on your energy bills, car and home insurance, credit cards and other financial products.”

-ends-

Notes to editors:

On 16th-17th December 2013, Vision Critical conducted an online survey among 2,005 randomly selected British adults who are Springboard UK panellists. The margin of error-which measures sampling variability-is +/- 2.2%. The results have been statistically weighted according to the most current education, age, gender and regional data to ensure samples representative of the entire adult population of United Kingdom. Discrepancies in or between totals are due to rounding.

*13 million figure is based on 28% of the UK adult population planning to make resolutions (the UK Adult population (+18) is estimated to be 47,755,246, according to Experian’s Demographic Summary). Therefore 28% of 47.7 million is 13.3 million (or 13m rounded to the nearest million).