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Save to avoid debt

07 February 2006
Britons are being urged to save money to avoid sliding further into debt.

A new guide, Join the Savings Revolution, has been published by IFA Promotion, giving people advice on how to start budgeting for the future.

This can be done by putting aside a set amount each month, which can be used to pay off existing debts.

David Elms, chief executive of IFA Promotion, said: "The only way to control debt and increase saving power is to adopt careful budgeting."

Mr Elms went on to say that by employing an independent financial adviser, Britons could improve their "spending, borrowing and saving behaviour".

IFA Promotion aims to promote the benefits of independent financial advice and has issued the leaflet to coincide with Debt Freedom Day.

To read more about Savings Accounts, click here.

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