Charities come last on list of financial goals, survey finds

Mon, 10 Sep 2007

Only a small percentage of Brits are willing to donate to charity after reaching their financial goal, a new survey by a financial services website has found.

According to research by Fool.co.uk, only six per cent of Brits have plans to donate to a good cause once reaching their financial targets while a 31 per cent of respondents said they wanted to go travelling around different parts of the world after making a substantial amount of cash .

Head of personal finance at Fool.co.uk David Kuo comments: "The road to complete financial independence is not about setting a single set of objectives, it’s about constantly setting and reviewing new goals for ourselves.

"If you budget correctly, you will not only be able to see the world, but see the world saved too."

Mr Kuo adds that for those who have reached their goals financially, there is nothing wrong with rewarding themselves.

Last week, Brits were described as saveaholics by the NS&I Quarterly Savings Survey after it discovered that half of the respondents admitted to feeling worried about being frivolous with their cash.

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