The UK’s New Year resolutions revealed for 2023
- Environmental concerns drop out of the top ten resolutions for 2023, in favour of addressing work life balance concerns
- Top financial resolutions include, curbing their grocery spend, cutting back on take aways and possibly not going on holiday
- 48% of the population will be making some sort of resolution in 2023, the highest number of people in the last three years
- Only one in ten resolutions lasts a whole year
New research from Go.Compare has revealed that almost half (48%) of the UK’s population will be making New Year’s resolutions for 2023, with weight loss, taking care of mental health and improving finances all making it into the top ten resolutions.*
The comparison site interviewed over 2,000 UK adults and found that almost half of those surveyed will be making some sort of resolution for next year, and the large majority of these will be focused around our physical and mental wellbeing.
For the first time, environmental concerns dropped out of the top ten this year, being replaced by a priority to address “work life balance” concerns. According to findings, the average resolution lasts 18 weeks and just one in 10 people will make their resolution last the whole year.
|
The UK’s Top Ten New Year’s Resolutions for 2023 |
% |
|
Eat healthier or change diet |
35% |
|
Lose weight |
34% |
|
Get fitter, take more exercise |
34% |
|
Spend more time with family and friends |
28% |
|
Sort out finances and cut back spending |
27% |
|
Be more aware of and take care of mental health |
25% |
|
Travel more |
20% |
|
Take-up a new hobby, sport, or other interest |
20% |
|
Look for a new job |
18% |
|
Correct worklife balance |
18% |
Financial resolutions for 2023
When asked about any financial resolutions for 2023, 33% of people said that saving money on their outgoings would be their top priority, followed by saving more money in a deposit account and getting out of debt.
When asked about how they plan to save on their outgoings, the top three answers were spending less on fashion and clothing, cutting back on grocery shopping and having fewer take aways. Almost a quarter (24%) of people said might forgo a holiday next year to save money.
Matt Sanders, head of money at Go.Compare, commented:
“The New Year is often a good time to think about making changes, and if you’ve overindulged during the festive period, it’s often a good excuse to get back on the fitness straight and narrow. That said, January can be a long month so cutting back on everything can make it feel even longer, so maybe look at realistic and practical changes you can make, rather than cutting back all together.
“Health and wellbeing remain a big focus for many people’s 2023 resolutions, and with an ongoing cost-of-living crisis, it’s not a surprise to see that sorting out finances and cutting back on spending has also made it into the top ten. The news has been bleak this year when it comes to finances, but there are still ways you can save on your outgoings and take back control over your spending.
“As well as cancelling expenses that you don’t really need or use, it’s also important to make sure you aren’t paying over the odds for the essentials, such as car and home insurance, broadband and TV. Always check other deals available before accepting the price you’re offered initially.”
For more information about saving on outgoings and other practical money saving guidance, visit:
https://www.gocompare.com/savings/money-saving-tips/.
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Notes to editors
*Between 6th - 9th December 2022, an online survey of 2,004 randomly selected Great British adults was executed by Maru/Blue. For comparison purposes, a probability sample of this size has an estimated margin of error (which measures sampling variability) of +/- 2.1%. The results have been weighted by age, gender, region and social grade to match the population, according to Census data. This is to ensure the sample is representative of the entire adult population of Great Britain. Discrepancies in or between totals are due to rounding.
For further information please contact:
Lynsey Walden on lynsey.walden@futurenet.com, or Kath Chadwick on Kathryn.chadwick@futurenet.com.
About Go.Compare
Go.Compare is a comparison website that enables people to compare the costs and features of a wide variety of insurance policies, financial products and energy tariffs.
It does not charge people to use its services and does not accept advertising or sponsored listings, so all product comparisons are unbiased. Go.Compare makes its money through fees paid by the providers of products that appear on its various comparison services when a customer buys through the site.
When it launched in 2006, it was the first comparison site to focus on displaying policy details rather than just listing prices, with the aim of helping people to make better-informed decisions when buying their insurance. It is this approach to comparing products that secured the company an invitation to join the British Insurance Brokers’ Association (BIBA) in 2008, and it is still the only comparison site to be a member of this organisation.
Go.Compare has remained dedicated to helping people choose the most appropriate products rather than just the cheapest and works with Defaqto, the independent financial researcher, to integrate additional policy information into a number of its insurance comparison services. This allows people to compare up to an extra 30 features of cover.
Go.Compare is part of Future Plc and is authorised and regulated by the Financial Conduct Authority (FCA).
More information can be found here www.gocompare.com or here https://www.futureplc.com/brands/.