A US study has found that users of snazzy fin-tech apps tend to be worse off when making financial decisions. A wave of disruptor companies may have transformed day-to-day fiscal attitudes, with the intangibility of digital payments said to be creating a generation unaware of their spending.

Although 64% of Americans say that money is a source of stress, the perception of banks as greedy and uncaring makes it difficult for them to connect with customers who could use their support. So, how can the sector as a whole help those who are prone to spending more than they can save?

While 55% of Britons believe their mental health and wellbeing are impacted by financial worries, many will avoid seeking advice from banks for fear of judgement. Plum gets around this with its Facebook Messenger-based bot that helps users save up, track their spending, and start investing.

Although people may avoid talking about their finances in polite company, that doesn’t mean they aren’t thinking (and fretting) about them. Canvas8 spoke to 20 men and women from across the UK to find out how good they are at sticking to a budget and tracking their spending.