One in 10 Brits admit they’re bad with money, according to a study.

Researchers polled 2,000 UK adults and, despite the age of austerity, found many are ‘blindly’ splashing the cash without any thought for the potential consequences.

In fact, around one fifth of the population went as far to describe themselves as ‘spenders’ rather than ‘savers’.

Amid this, one third have never even considered cutting back on their outgoings and putting more money into their savings.