Consumers who managed to win a large amount of money would be more likely to prioritise paying off large debts than anything else.
A survey by Halifax Savings revealed that given a £100,000 windfall, 19 per cent would use to it pay off debts, while a further 16 per cent would clear their mortgage.
Only after this would people look to use the cash for items like a dream holiday or a new car, the poll indicated.
Head of Halifax savings Richard Fearon said: "Winning up to £100,000 enables people to maintain the normality of everyday life whilst removing some of the financial worries which, this research would suggest, can have a life changing effect in itself."
However, most people are unlikely to suddenly obtain such a sum and therefore those owing large amounts they are struggling to cope with may benefit from a debt management plan.
Far from being able to make use of £100,000, one in five Britons have no savings at all to fall back on to help with debt or anything else, research by Santander revealed this week.
Posted by Paul Thacker