Skip to main content

Your money worries

Published on September 09, 2019
Read time
5 minutes

Listen to this article

In this module, we’ll run through everyone’s most common money worries. Although modern life seems to revolve around money, it’s one of the most difficult subjects for us to talk or think about. Many people find it even harder to discuss than politics or religion.

In this module you will learn

  • about key money worries
  • that you are not alone in having them
  • what they can do to your relationship if not talked about

So it’s helpful to take the time and the courage to think about your money worries and get them out into the open. Airing your worries means you’re less afraid to think about financial matters – so you can get on dealing with them.

You’re not alone

If you lack financial confidence generally, you’re far from alone. A recent survey of British people aged between 18 and 24 set out to determine our biggest money worries.


Many of us still feel uncomfortable just thinking about our money: 25% of women and 15% of men.

Specific worries included:


Having nothing for a rainy day

a financial buffer is a vital way to stop unexpected expenses turning into a crisis, from your boiler breaking down to an unexpected redundancy. But if this is your worry, you’re in good company: 43% of Brits don’t have savings for contingencies.


No financial plans

these could be for an exciting life-change like getting on the housing ladder, or more routine preparations like setting up a Lifetime ISA or workplace pension. It seems that avoiding planning is standard practice: 77% of women and 47% of men didn’t have a five-year financial plan.


Losing track of money

78% of women didn’t know how much they pay into their pension each month (compared to 50% of men). 35% didn’t know how much tax they pay – and for men that went up to 45%. We don’t need to explain how knowing these basics can help your financial health!


Understanding credit cards

lots of people use credit for big-ticket purchases, unexpected outgoings, and to build a positive credit rating. But 28% of women and 21% of men didn’t understand their terms and conditions. There’s nothing wrong with using credit, but minimising charges is critical.


Feeling intimidated by jargon

60% of women and 38% of men said that they didn’t understand financial vocabulary. Lacking that kind of knowledge that can hinder your confidence and ability to order your finances to fit your life.

Do any of these worries ring a bell for you?

A problem shared…

Money can be a major cause of stress in relationships. In a 2015 US survey, 35% all respondents experiencing relationship stress pointed to money as the primary cause – well ahead of the next cause, annoying habits, at only 25%.

Being open and sharing your worries with your partner means you can avoid at least one relationship pitfall.

If you discuss what matters to you both and what you want to achieve together, money talk can be a source of strength rather a cause of distress.

Test your confidence

Here’s a list of people’s biggest worries about money. Put them in the right order.

Please login or sign up to view this content.

Test your confidence

What are your biggest money worries?

Please login or sign up to view this content.

Key takeaways and what comes next

You’ve just read about key money worries and how common they are as well as the importance of sharing and thrashing them out with your partner. 

Now, be brave and confront your own demons: Taking this list as a cue, put down and prioritise your personal money worries and, as a next step, sit down with your better half and start opening up about them so that you can jointly define your shared concerns and think about possible ways of tackling them. 

In our next module, we will start hitting the money gym by helping you to Establish healthy money habits to begin working out and enhancing your financial health. 

Upcoming events

  • Woman with graduation hat on

    Workshop - Studentin, Unternehmerin, Mutter, Single, Rentnerin.. Welchen Einfluss haben Lebensabschnitte auf die Finanzen?

    Viele dieser Ereignisse können uns viel Geld kosten - daher ist die Planung und Vorbereitung erforderlich.

  • Women in sustainable finance

    Women in Sustainable Finance

    Our Co-Founder, Olga Miler will speak about why and how financial education is the key to accelerate sustainable inve...

  • WOW Women of the World Festival

    WOW Festival: Your Money or Your Life: Personal Finance

    Olga Miler will be speaking at the Women of the World festival about how women can make the most of their money.