If you are a teacher worried about debt, then listen in as Sara, from Debt Camel, gives tips and suggestions for reducing the cost of your debt and paying off your debt. She also talks about hidden pitfalls and how to avoid these costly mistakes.

Having trouble managing your debt or perhaps you want to learn some tips on how to avoid getting into unmanageable debt? I am so happy to have Sara Williams of Debt Camel in this episode to share her wealth of knowledge and experience in all things debt. No wonder she is often quoted in various newspapers and invited to speak on radio as well as television shows because of her expertise on this complicated yet very relatable topic. You can always count on Sara to make complicated things easier to understand, especially when it comes to dealing with debt.

[10:35] How do you know if you've got a debt problem?

[15:48] Steps in managing your debt on your own

[22:36] Start a Sinking Fund

[27:09] Talk to a debt advisor to know your options

[33:38] Three types of personal insolvency

[41:19] Regulating payday lenders and focusing on Affordability Rules

Debt indeed covers a wide variety of scenarios and there's no one right answer because as Sara shared, circumstances are different and so their solutions will vary. It is this complexity that captured Sara's interest and passion for helping people in understanding their debt situation and the possible solutions they could look into. More information can be found in her Debt Camel website as well as from her recommended resources such as the National Debtline, Business Debtline, Citizens Advice and StepChange.  

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