Many British citizens receive their salary towards the end of the month and payday loan provider Wizzcash have released an infographic that provides an in-depth look at how people divulge their monthly pay packets and the kind of financial pressures people are under.
So, if you’re among the population for whom pay season is a rather tough one, you are not solo. New survey by Wizzcash, the short-term and payday loan provider,looks into our monthly habits, digging out how we spend our hard-earned cash and the type of financial pressures we face.
The survey of approximately 1,000 people found that over a third fail to make their payday last the whole month, with 4% even struggling to make it last a single week.
For many, living on credit is a lifestyle - 64% reveal that they made use of a credit card in conjunction with their payday, along with other sources of income such as; overdrafts, borrowing from friends and family, personal loans and payday loans.