Expert advice

The seven best tips against over-indebtedness

More and more people are overwhelmed by their finances and are falling into the debt trap. Advice centers help those in financial difficulties to turn things around.(Bild: mapoli-photo - stock.adobe.com)

Due to the rising cost of living and housing, more and more people are struggling to cope with their finances. A top expert now gives "Krone" readers advice on what to do and which online calculator is best for managing your income and expenditure.

As reported, the number of people seeking help from an Austrian debt advice center due to financial difficulties rose by almost 17 percent to 21,645 in the previous year. Clemens Mitterlehner, Managing Director of ASB Schuldnerberatungen GmbH, explains how to get a grip on your finances.