How to deal with debt and boost your 2025 finances

  • Published

January is a notoriously tricky month for finances, with the Christmas hangover and millions counting down the days until the next payday. New figures estimate most households wouldn't be able to cope with an unforeseen cost of £1,000 like a broken boiler.

Consumer Journalist Dan Whitworth has his guide to dealing with debt in 2025. He explains how to give yourself a finance health check, prioritise bill payments and explains why paying off debts with the highest interest first could be beneficial.

To watch with subtitles, go to BBC iPlayer and search for Morning Live from 06/01/25.

Morning Live

6th January 2025