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Putting three months salary to one side may be a sensible option for individuals to take, according to one financial commentator, although taking out a loan could be another.

Indeed, people are thinking more seriously about their finances although half regret not giving the topic as much attention as they should of, according to Hetal Parmar, manager for savings at Alliance & Leicester.

Commenting on such findings, he says that if a household's car "breaks down or if there is a hole in the roof or whatever at least you have got something there to fall back on. I think more and more people are starting to think that way".

However, for individuals without the cash pot needed to cover such ventures, secured loans could be one way to pay for the expenditure.

Such a financial option may be even more attractive after Abbey discovered that disposable income has fallen by 29 per cent in the last two years.

But with disposable incomings reducing, people may want to research secured loans as a viable way to cover costs until their financial situation starts to improve.