Salaried Scots defy the canny stereotype

NEARLY a quarter of Scots have spent the majority of their salary within two weeks of getting paid, a study has revealed.

Around 23 per cent of people admitted they had burned their way through most of their wages within a fortnight. And 9 per cent said they typically blew 70 per cent of their pay during the first weekend, according to website

Women were most likely to have nearly run out of money by the end of the month, with 29 per cent saying they had only 10 left in their account the day before they were paid, compared with 13 per cent of men. Around a quarter said they saved money every month, with just under half saving for a rainy day, while 39 per cent saved towards the cost of Christmas.

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But 43 per cent of the 1,492 people polled admitted they never saved any of their salary.