One in three Brits don’t have rainy day savings

Extra costs that arise out of the blue cannot be paid for by people who have little in the way of savings. Credit cards, loans and family members are relied upon to finance unexpected living costs. A third of Britons do not have enough cash set aside for emergencies, leaving them struggling to pay for unexpected bills, according to a survey carried out by The comparison website found that unforseen utility bills, car maintenance costs and dental work could leave many people in dire financial straits.