In this episode, Sarah Coles and Helen Morrissey explore how much debt UK households are really carrying and why borrowing can quietly spiral out of control, even for higher earners.

They also share practical steps for tackling debt, including prioritising repayments, choosing between the avalanche and snowball methods, cutting costs, and using balance transfers carefully, alongside the importance of emergency savings in avoiding future debt.

This podcast isn’t personal advice. If you’re unsure what’s right for you, seek financial advice. Tax and pension rules can change, and benefits depend on personal circumstances. Investments can fall as well as rise in value, so you could get back less than you invest.

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