One in six Poles have second jobs, and almost 10 percent have recently decided to change jobs in order to increase their incomes, research on the savings habits of Poles by the Santander Consumer Bank has shown.
Just over one-fifth (21 percent) have asked for a pay raise, and 13 percent have managed to secure one.
Apart from curbing their spending, Poles are taking advantage of the buoyant labor market in order to increase their incomes by taking on additional employment. The research reveals that 56 percent of Poles are looking to improve the state of their finances, with the largest proportion being under 40 years of age. Of the 44 percent who are not attempting to increase their income, most are pensioners.
More than one in four Poles (28 percent) are enhancing their personal finances by having an additional source of income alongside their main occupation. The two major ways of making extra money are second jobs and property rentals.
The survey reveals that 65 percent admit to reducing their expenditures for weekend trips or holidays. Almost as many (64 percent) have tried to reduce energy consumption and purchase more goods that are on sale.
The research shows that 61 percent also admitted they have tried to save on necessities such as food and medications, 59 percent have limited their spending on entertainment, 57 percent have cut spending on clothing and footwear, and 46 percent have cut down on coffee and eating out.
In terms of savings, 8 percent admitted to having money in fixed-term accounts, 6 percent in savings deposits, and 4 percent in the stock market.