New research has found that almost half of the UK is expecting 2025 to be a difficult year for them financially.

The data, which was released by comparison site Go Compare, asked people about their feelings towards their finances as the new year begins, as well as their top money concerns. Worryingly, women were more affected than men, with 47% of women surveyed saying they were entering 2025 with money concerns, compared to 43% of men.

When asked about what specific concerns they had, people ranked the rising cost of living, not having enough savings and not being able to pay their bills as the top three worries they had for the year ahead.

To help people face their concerns, Matt Sanders, money spokesperson at Go Compare, recommends using the new year to re-evaluate your spending and looking at where you can make savings. “The new year is a great time to sit down and evaluate your finances,” he said. “With so many people worried about what 2025 will have in store for them financially, taking a look at your current outgoings and where you can make some savings is always a good place to start.”

Sanders also advises not to struggle in silence. “No matter what your financial situations look like it’s important to never bury your head in the sand,” he says. “There is no shame in reaching out if you need a bit of extra support – StepChange, Turn2us, British Red Cross or Mind are just a few organisations that could help you, and they don’t charge either.”

Images: Getty