January, February, and March are some of the dreariest months in Denmark – it's dark, with no Christmas lights to pep it up – and many people are dealing with a heavy load of year-end debt from traveling, parties, dining out, and gifts.

Along with religion, personal finance is a topic that is rarely discussed in Denmark. But the country has one of the highest rates of household debt in the world.

And once you get into debt in Denmark, it can be very difficult to get out.