New Zealanders love borrowing.

We love borrowing so much that we're now topping the charts with a household debt to income ratio of 164%.  

We sit between Cyprus and Canada with Switzerland and Australia just slightly ahead of us. 

On Newstalk ZB's Smart Money July 21st, Simplicity's Amanda Morrall talks to hosts Tim Wilson and Tim Roxborogh about why your debt should worry you and how to dig out.

Want to find out what your household debt to income ratio is? 

Try this free calculator here or simply add up all your recurring monthly debt payments and divide by your gross monthly income.