Over half of people aged 16-34 say they cannot afford to enjoy life outside work or education, according to new research.
They also believe they do not have the finances to reach their personal or professional goals with women twice as likely as men to report that.
Ulster Bank surveyed 300 people aged 16-34 in March 2019 on their attitudes towards money management and their behaviour around their bank balance.
The survey found that 85% of those questionned are 'likely' or 'very likely' to try to plan financially for the future with 7% setting aside a day a month to take stock of their finances.
Six in ten people said their family had taught them how to manage their finances while 14% said they had never learned about it.