The cost of living has risen worldwide and with many now feeling the pinch, it’s more important than ever to be responsible with your money and spend where it’s smartest. The cost of living is also a defining factor for many when choosing whether to stay put or move to a country where their expenses are easier on the pocket.
Having a good hold over your finances comes in many different forms, from savings; managing a mortgage and planning for your pension; to making investments that could see your money work even harder.
With there being so many nuances to what defines someone that is ‘money conscious’, we decided to see if we could find out where in the world is taking the most care of their finances.
The 25 Most Money-Conscious Countries in the World
To find the most financially responsible countries, we compiled a list of terms and phrases related to being sensible with your money. These included simple terms like ‘finance advice’, to more specific money-orientated searches such as ‘best savings accounts’, ‘how to save for a house’, ‘pension advice’ and ‘what is compound interest’.
The 20+ terms were then translated where necessary, and our team analysed which countries were searching for them most regularly. These searches were calculated against relative population size, in order to keep the results fair.
The United Kingdom came out on top as the country where residents are paying the most attention to how they’re managing their money. With interest rates rising and energy cost concerns troubling many, the 3,020,120 average yearly searches for finance advice are telling of the current situation in the UK.
With a money responsibility score of 21 (annual searches divided by population), Australia ranks as the second most money conscious country in the world. Another nation experiencing interest rate rises, the number of times residents are searching for finance advice is relatively high when compared to its population.
The Czech Republic completes the top three, while Germany, Portugal and the United States also feature in the top ten. While outside of the top ten, Denmark and Canada, two countries known as being some of the happiest places to live in the world, do rank particularly well for being sensible with their money.