Dad dot info form. Ask questions, get answers | Opinion | Latest News | Families encouraged to have emergency funds

Families encouraged to have emergency funds

Have you got some extra savings in the bank for emergencies?


The advice from a leading charity is that we should all think about having a fund available to us.

StepChange Debt Charity is urging every household to build up at least £1,000 for emergencies.

It wants the Government to help people out and build “rainy days” savings pots into workplace pensions.

The charity says 27 per cent of all households have less than one month’s savings put by, rising to 42 per cent of people earning less than £15,000 per year.

It believes that current Government savings policies have failed to address the particular needs of lower income households.

Mike O’Connor, chief executive of StepChange, said: “Encouraging more saving, especially by people on low income, is vital.

“If they are to have a financial buffer to cope with financial shocks and avoid the slide into problem debt.”

Putting aside that small amount of cash can be really hard for families.

Many are already struggling with the cost of living, household bills and high childcare costs.

Placing an extra £20-£50 in a pot each month or week can be hard for people to find.

There are surprising costs that often pop up for families – such as a broken down car or a school trip.

According to a survey commissioned by teaching union NASUWT, over half of school trips have become unaffordable for many parents.

Over a third of the 1,000 questioned said that the cost of sending children on educational visits is too expensive.

Joanna Elson, chief executive of the Money Advice Trust, the charity that runs National Debtline, said: “Despite the encouraging economic recovery, the number of people at risk of falling into serious financial difficulty continues to be a worry.

“We need to do more as a society to break the British taboo about talking about money and money problems, so that people seek advice earlier.”

There are a few small steps families can take when they begin to look at ways to cut down their spending.

Switching to cheaper energy suppliers and cutting back on food waste within the home could start the process of generating a savings pot.

Related entries LIVE: The First Year is Survival

On Thursday 29th October at 12 Noon will be live on Facebook chatting all things TWINS!   CLICK HERE TO JOIN US LIVE AT 12 NOON Leonie and Josh Huie, Mum and Dad to fraternal twin girls (their twin heartbeats) chat with Ian Soars, CEO of

Warning: UK Parents toying with their children’s safety

Parents have been warned that children in the UK are at risk of death or serious injury from the sale of unsafe toys through various online marketplaces. Health and safety experts from CE Safety say parents should ensure they are not buying cheap, unsafe or fake toys...

Rule of Six

New Coronavirus rules mean when seeing friends or family you don’t live with you should meet up in groups of six or less. For now, that means it is illegal for my whole family to meet another family inside or outside. In some ways we are lucky, we are only a family of...

Latest entries



Dads, do you struggle sometimes? Who do you reach out to for help? Debbie Pattison, a qualified counsellor at Fegans can answer your questions. Send them in to Ask Debbie at and if she can she will answer. Today’s question is from a hurt dad that hasn't...

Childcare: what are the options?

Childcare: what are the options?

Modern parenthood is about striking a balance between caring for your children and earning a crust. Many families need childcare options to balance the juggle. If you don't know your nannies from your au pairs, read our guide to childcare to help you decide...

31 percent of parents don’t read to their children

31 percent of parents don’t read to their children

Are you one of the over 60% of parents who doesn't read newspapers or magazines to their kids We all know that reading is essential for our children’s development. Despite this, a third (31 percent) of us parents do not read with our children and 63% never read...

Pin It on Pinterest