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More than 4 million fear they`ll be made redundant Consumers took on more mortgage debt in July Debts called in by parents Teenagers `scared of debt` Rising household costs could pressure people in debt Pensions debt may impact workers` retirement funds Welsh young adults `at highest risk of debt problems` Over 50s can`t afford to enjoy retirement because of debts Budget: tackling the nation`s debt Short-term debt: `no need for price control` The cost of clearing debt Education debt Tackling the national debt Number of mortgage deals on offer exceeds 3,000 Almost 5 million take on debt to pay household bills OECD: household debt more than 120% of disposable income Petrol price falls help people in debt Amount of mortgage debt taken on at lowest level in ten years Northern Ireland sees significant IVA rise Overdraft debt `becoming more expensive`

Energy efficiency could help freeze out debt

30/07/2008

Those worried about how escalating household bills may translate to debt problems may want to look at how energy-saving appliances could also save money.

According to the Energy Saving Trust, households accounted for 35.4 per cent of energy used in 2006. In the UK, £1.3 billion is spent powering washing machines, tumble dryers and dishwashers per year, while a further £1.5 billion goes on energy for fridges and freezers.

Choosing energy-efficient models of cold appliances could save the UK £700 million a year, according to the Energy Saving Trust (EST). The savings could also be noticed in consumers` wallets.

Caroline Rams of the EST said: "Replacing an old, energy inefficient fridge-freezer with a new energy saving recommended one could save you up to £34 every year."

The advice comes after energy provider EDF announced its customers would see a 17 per cent increase on gas bills and a 22 per cent hike for electricity. It was also revealed by Legal & General this week that the number of people whose income exceeds their outgoings is getting smaller.

More than 4 million fear they`ll be made redundant 16/12/2010 - According to R3`s quarterly personal debt tracker, more than 4 Consumers took on more mortgage debt in July 26/08/2010 - Consumers took on £2bn more mortgage debt than they repaid Debts called in by parents 26/08/2010 - According to research, `the bank of Mum and Dad` is Teenagers `scared of debt` 19/08/2010 - Nearly two thirds of teenagers are `scared` of debt, according