A University of Cambridge research in 2003 found that almost one in five Britons suffered from what they described as “financial phobia”. Almost 50% of the sufferers experience a racing heart at the thought of managing their money, some 15% feel frozen and immobilised, another 12% feel ill while 11% become dizzy.
The truth is that there are people who simply dislike managing financial matters. But the reality is that everyone must devote some time to our financial lives rather than avoid it. Some people leave it to their spouses to manage their finances but what happens when the partner is gone?
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