However, the December Household Finance Index from Markit has shed light on a number of Britons' financial expectations for the year ahead.
According to the survey of approximately 1,500 UK adults, 43 per cent of respondents expect their financial situation to weaken in 2013.
In contrast, just 24 per cent of people questioned said they anticipate an improvement in their spending power over the course of the next 12 months.
The study showed that pessimism was particularly high among older people, with 52 per cent of those aged between 55 and 64 expecting their finances to deteriorate in 2013.
In December alone, 32 per cent of respondents claimed their household finances worsened in the four-week period, with just six per cent enjoying an improvement.
Senior economist at Markit Tim Moore said: "Households are bracing themselves for yet another year of squeezed personal finances in 2013. The vast majority of households anticipate that their financial wellbeing will either worsen or stagnate next year."
At closer inspection, the study also demonstrated which job sectors provided more robust results for household spending power.
While those in manufacturing were most positive about their financial outlook for 2013, respondents in the construction sector were the most downbeat.
The importance of a good savings rate was also demonstrated by the research, which showed 31 per cent of respondents noted a drop in their savings in December.
A mere eight per cent said they saw the value of their savings increase during the month, suggesting only a small portion of savers are making the most of their funds.
Aldermore's Variable Cash ISA could be just the solution for those planning ahead, granting users access to their tax-free savings without compromising the interest rate.
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