Too many people are using credit to pay for their household bills.
Research by Santander discovered 28 per cent of Britons turn to credit cards, overdrafts, payday loans and other loans in order to meet their monthly repayments.
The study also found that £3.6 billion – or £259 per person – is being borrowed by UK adults each month to cover the expense of gas, electricity, council tax and water bills.
On top of this, only 32 per cent of those questioned regularly search for cheaper deals on the cost of utilities.
It highlights how individuals are struggling to make their wages last them for four weeks and so they should look to review their current budget.
Reza Attar-Zadeh, banking director at Santander, said: "The cost of living is going up … and as a result, millions of people are regularly borrowing money to make ends meet, which cannot be sustained in the long-run."
He added everyone should look to reduce their outgoings by seeking out the best offers available on the market.