In this episode, Loraine delivers a step-by-step guide to dealing with debt, offering practical advice and strategies for managing debt and budgeting effectively. Drawing from her experience working in money advice at the Citizens Advice Bureau, Loraine introduces the PIES acronym (Prioritise, Income, Expenditure, Share) as a method to help individuals navigate their financial challenges. She discusses prioritizing expenses, increasing income through various means, identifying non-priority expenses, and sharing available income with creditors. Loraine also touches on coerced debts and the importance of seeking support from organizations like Surviving Economic Abuse and Citizens Advice Bureau. 

KEY TAKEAWAYS

• Start by identifying and prioritizing your essential expenses such as rent, mortgage, utilities, an ...