The number of Australian households with credit card debt has fallen dramatically over the past year, as people continue to focus on building savings and reducing consumer debt.According to the latest St George Bank-Melbourne Institute Household Financial Conditions Report, the proportion of households with credit card debt fell from 38.8 per cent in the June quarter last year to 30.8 per cent in the June quarter this year.The proportion of households with store credit and car finance has also fallen over the past year, while the number with mortgage and HECS debt has increased.Overall, debt increased slightly over the year. The number who said they had increased their level of household debt grew from 6.4 per cent in June last year to 6.9 per cent in the latest survey.The proportion of households adding to their savings has crept up from 43.6 per cent to 44.6 per cent over the same period.Thirty-seven per cent of respondents said they were saving "a little" and 7.6 per cent said they were saving "a lot".The main reason for saving is for holidays and travel (59.2 per cent put this as a reason for saving), followed by saving for a rainy day (50.9 per cent), retirement (42.9 per cent) and to repay debt (42.8 per cent).Meanwhile, the proportion of households drawing on their savings jumped from 11.5 per cent in June last year to 15.6 per cent in March this year and 15.2 per cent in the latest survey.When it comes to different forms of saving, there has been a fall in the proportion of households putting savings into deposits over the past year (down from 86.2 per cent to 84 per cent), as well as a fall in the use of shares and investment property.  The proportion of households putting savings into superannuation and trusts has increased.St George Bank head of retail banking, Robert Allan, said less than two per cent of households reported that they had no savings - the lowest level since 2001.