8 ways to tackle debt and find financial freedom

We live in a world that encourages the pursuit of material possessions and living beyond our means, says Ken Okoroafor. In the aftermath of Christmas, financial pressures often reach breaking point. Here’s eight top tips for dealing with your debt and finding a Christian perspective on money matters

As the glittering lights of the festive season dim, a sobering reality sets in for many households: the arrival of substantial bills that follow the Christmas period. January, often dubbed the “financial battleground”, becomes a time of reckoning for those grappling with mounting debts and the consequences of holiday overspending.

Debt charities expect someone to contact them about debt every four seconds this month. These are not merely financial problems, but signs of a silent epidemic which wreaks havoc on people’s lives.

The debt crisis often remains hidden behind closed doors, masked by societal pressure to maintain appearances. Average household financial debt has risen by nine per cent, with the biggest areas of increases being credit and store cards, hire purchases and overdrafts.