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Daily Mirror
Daily Mirror
Business
Matt Roper

Cost of living crisis: How to manage debts and avoid spending more than you can afford

As the cost of living crisis begins to bite it has been revealed three million people fear falling into debt within six months.

Even before inflation hit 6.2% those earning less than £21,000 per year were spending at least 40% of their income on debt repayments, according to the Jubilee Debt Campaign anti-poverty group.

And a poll by debt charity StepChange found that one in five people worry they will get into problem debt this year.

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