Changes in methods used to manage personal finances in Great Britain between 2004 and 2014 with prognosis for five years time, by channel

Methods for managing personal finance in Great Britain 2004, 2014 and 2019 This statistic presents the finance management methods used by Great Britain's population ten years ago (data from autumn 2004), now and the methods predicted to be used in five years time, as of February 2014. Ten years ago Britons were not using smartphone apps or tablet devices to manage their finances. Instead most (75 percent) visited a branch of the bank or building society. Five years from now, 20 percent of respondents expect to manage their finances on a tablet device.
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On the internetVisiting a bank or building society in their branchPhoneVia bank/building society smartphone appsOn a tablet devicePost
Ten years ago29%75%20%0013%
Now74%54%17%14%9%9%
In five years time68%35%11%19%20%5%
On the internetVisiting a bank or building society in their branchPhoneVia bank/building society smartphone appsOn a tablet devicePost
Ten years ago29%75%20%0013%
Now74%54%17%14%9%9%
In five years time68%35%11%19%20%5%

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Description Source More information
This statistic presents the finance management methods used by Great Britain's population ten years ago (data from autumn 2004), now and the methods predicted to be used in five years time, as of February 2014. Ten years ago Britons were not using smartphone apps or tablet devices to manage their finances. Instead most (75 percent) visited a branch of the bank or building society. Five years from now, 20 percent of respondents expect to manage their finances on a tablet device.
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Release date
February 2014
Region
Great Britain
Survey time period
December 2013
Number of respondents
2,426 respondents
Age group
16 years and older
Special properties
British adults
Supplementary notes
Earlier data was published by the same source in autumn 2004.

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