Discount vouchers for debt-ridden Brits

British consumers looking to avoid debt caused by paying too much in the shops are increasingly turning to discount vouchers to make savings.

Research from MoneySupermarket.com shows that Britons now redeem over 2.4m vouchers each day, making £2.5bn in savings each month – up 25 per cent on last year.

And after it was revealed that inflation rates increased in the last month, the trend is likely to continue as shoppers aim to avoid financial problems.

One in seven manage to save over £100 in discounts each month, although on average, voucher users looking to ward off personal debt are saving themselves £55 per month – that kind of money could pay for satellite TV and broadband.

Director of Atlantic Finance Management, Kevin Still says, "Thriftiness is now becoming a virtue and identifying ways of stretching the household budget is to be encouraged.

Increasing disposable income to either repay debts or just meet contractual commitments is a priority for many.

We encourage people to take debt advice where these measures still leave a deficit at the end of the month."

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