Brits could be killing off five-year plan as seven in 10 don’t have one
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BRITS could be killing off the five-year plan – as seven in 10 don’t have one in place, according to research. A study of 4,000 adults found 25 per cent of these have ditched the traditional goal-setting method because they prefer to take things day-by-day rather than putting specific objectives in place.
![[Mature couple reviewing bills at home.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/mature-couple-going-bills-home-965171120.jpg?strip=all&w=960)
While 22 per cent think that life – such as jobs and family – will just get in the way if they had one. And 16 per cent think such plans are too rigid to try to follow these days, with 12 per cent admitting they struggle to stick to any sort of timeline.
![[A mother and daughter review receipts and calculate household expenses using a laptop, phone, and calculator.]](https://www.thesun.co.uk/wp-content/uploads/2025/01/direct-shot-young-asian-mother-965171132.jpg?strip=all&w=960)
That said, even though they don’t have a plan in place, half of these are still confident they will manage to reach all their financial goals. Laura Turner, a money blogger behind @thriftylondoner, has teamed up with first direct, which commissioned the research.
She said: “Five-year plans can feel outdated in today’s fast-paced world, where so much can change in a short space of time – from career opportunities to family dynamics and even global events. “Many people feel that flexibility is more important than sticking rigidly to a long-term plan.
“However, having some structure can help you stay focused and motivated, even if you adapt your goals along the way. “It’s about finding what works for you and your circumstances.”. It also emerged that 38 per cent are confident in achieving their goals without a plan because of their motivation and determination to succeed.
