Debt is not a topic that most people discuss when they meet up with their friends for a cup of coffee, yet it is something that a lot of people will experience at some point in their lives. If you asked your closest circle whether they've ever faced financial difficulty, you might be surprised by the answers.

What matters most is how you respond when debt becomes part of your story. Here are five practical suggestions for dealing with it responsibly.

1. Don't ignore the problem. It can be tempting to push unopened letters aside or avoid checking your balance, but facing the reality of what you owe is the essential first step. You can't tackle something you won't look at.
2. Take control by listing everything out. Write down every debt, the amount, the interest rate, and the minimum payment. Seeing it all in one place can feel overwhelming at first, but it gives you a clear picture and a starting point.
3. Prioritise your repayments. Focus on the debts with the highest interest rates first while maintaining minimum payments on everything else. This approach reduces the total amount you'll pay over time.
4. Seek timely solutions. Don't wait until things spiral. Speak to creditors early — many are willing to discuss reduced payment plans if you contact them before missing payments. Free debt advice services can also help you understand your options.
5. Build a realistic budget and stick to it. Look honestly at your income and essential outgoings. Identify where you can trim spending, even modestly, and redirect those savings toward clearing what you owe. Small consistent steps add up.