Mother and presenter Mairead Ronan says with young family it's good to have backup plan

AIB has released research results into the range of activities we’re putting off to another day. Fitness and healthy eating top the list with 44% of those surveyed mentioning not getting around to exercise, 37% not getting around to healthy eating and 26% not getting around to responding to a text message.

As part of a campaign around planning for the future, AIB commissioned research* with 1,000 Irish adults around the range of activities that we’re putting off to another day.

Among the list of things put off to another day was financial planning with 59% of those surveyed claiming they have never received financial planning services in the past. A host of reasons were cited including time pressure, with 25% saying they just don’t have the time and 1 in 5 putting off the process as it seems too complex. Viewed as something for the older generation, 9% of those surveyed classed themselves as ‘too young’ to be seeking such advice.

When prompted about the backup plan for preparing for the future, 41% of those surveyed mentioned winning the Lotto, 15% spotting a valuable antique, 9% raising a child prodigy and 2% on inheritance as a back up to making a personal financial plan.

Research has revealed that we are actually very well intentioned with 1 in 5 considering developing a personal financial plan at some stage.

TV and radio personality, Mairead Ronan said: ‘I can definitely relate to finding an excuse to putting off things to another day and it’s good and it’s good to see that I’m not the only one who is convinced I’ll win the Lotto some day! Like everyone, it’s hard to find the time to plan for the future, but with a young family it’s good to have a backup plan.”