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Saving regularly, even if only small amounts of money are involved, could be the key to avoiding debt, according to a leading debt management company.
A spokesperson for Gregory Pennington claimed hundreds of thousands of people in the UK are in danger of incurring debt because they do not have money saved away "to fall back on".
"Even a few hundred pounds put aside could help you out of a sticky spot if, say, you received an unexpectedly high gas bill," the representative remarked.
The comments were made in relation to a report from Nationwide Building Society in which it was found that just a third of the UK`s population believe it is important to save regularly.
Approximately 20 per cent revealed that they do not save any money.
Halifax and several other banks have this week launched a campaign to reunite customers with savings put away in forgotten accounts.