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Budgets go out window

HALF of consumers admitted that although they draw up a budget, only a tiny percentage stick rigidly to the targets they have set themselves.

The survey, by the National Adult Literacy Agency and EBS, shows that most follow their household budget to some extent, but around a third ditch their budgets throughout the year.

The research also found two out of every three Irish adults struggled to understand financial terms, with women more likely to be confused than men.