Some 51 per cent of UK adults believe they have become more competent in managing their finances over the past 12 months.
Research by SmartSave, a Chetwood Financial brand, found due to financial constraints 47 per cent of people said they have become better at saving in the past year.
When it came to saving, 44 per cent said they were actively seeking out high-interest savings products to maximise their returns.
While 38 per cent said they were looking beyond the major high street banks when looking for financial products.
Andy Mielczarek, founder and chief executive of Chetwood Financial, said: “The cost-of-living crisis has undeniably been tough on UK households and individuals. While the strong decline in inflation is encouraging, financial planning continues to be an uphill challenge.
“Nevertheless, our research shows that people are proving that positive lessons can emerge from a harsh economy, with many taking proactive steps to protect their savings and achieve their financial goals.
"This spirited approach will only help individuals get back on track towards achieving their savings objectives.”
The research also revealed 51 per cent now felt confident in how to save and invest their money in the next 12 months.
With 52 per cent saying they had learnt valuable financial lessons through the cost-of-living crisis that would positively impact how they managed their finances in the future.
alina.khan@ft.com
