How Kathleen got over $40,000 debt under control

On today's episode, we meet Kathleen. She was forced to sell her music school business nearly ten years ago but was still left with significant debt. Over the years, as she started a new career, that debt steadily grew and she was told her bankruptcy was the easiest way out. Rather than going bankrupt, Kathleen turned to “spending planner” Carolyn Moes for help. Kathleen and Carolyn tell us the steps they have taken to turn Kathleen’s finances around, why ignoring debt is never the answer and what exactly a spending planner does. How to become debt free: 8 tips to boost your finances How financial counsellors can help Australians in difficulty What is debt consolidation and how do you do it? *We are Australia’s Biggest Financial Comparison Site. Click here to learn more This advice is general and has not taken into account your objectives, financial situation or needs. Consider whether this advice is right for you. Consider the product disclosure statement before making a purchase decision. Canstar provides an information service. It is not a credit provider, and in giving you information about credit products Canstar is not making any suggestion or recommendation to you about a particular credit product. Research provided by Canstar Research AFSL and Australian Credit Licence No. 437917. The views, opinions, and positions expressed in this piece are the views of the guest author(s) or interviewee(s) alone, and do not necessarily reflect the views of Canstar.

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How Kathleen got over $40,000 debt under control is an episode from Real Money with Effie Zahos by Effie Zahos, Powered by Canstar.

This episode is 24:06 long.

This episode was published on Dec 13, 2021.

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