Debt That Got Out of Control… Can You Fix It?
4/2/202630 min
It’s a Jess and Bec takeover this week (while V is still on mat leave… but don’t worry, she’s back very soon 👀).
We kick things off with Jess sharing her money wins, because we love a little financial main character energy to start the episode.
Then we get into a dilemma that feels a bit too real. What do you do when a debt has snowballed way beyond what you originally owed… and is there actually a way to negotiate it down? We unpack what your options might look like, what’s realistic, and where to even start.
And then a DM slid into our inbox that had us thinking about the long game. What’s the best way to set your kids up financially? We chat through the different approaches, what actually makes a difference, and how to balance giving your kids a leg up without overcomplicating it.
Plus, we read out one of your five-star reviews (which we are obsessed with, by the way). If you’ve been loving the show, you can leave us a review on Apple Podcasts or drop your thoughts on Spotify, we genuinely read them all and love sharing them with the community.
As always, it’s a little bit chaotic, very real, and full of the money conversations we should probably be having more often.
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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.
The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289
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Transcript preview
First 90 secondsNatasha Bamblett· Soundbite0:00
My name's Natasha Bamblett. I'm a proud First Nations woman, and I'm here to acknowledge country. Ti, Glenyan Ganya, Niina kaaka yau yen biina waka. Niina kaayin yen biina yakarram jaa. Duminya guumiga dummiga ithe waka nida wamin damin irmaalaan. Mumu bainngarda buma inin ngalyan waka kaanan yakarram jaa. Wutu-narra-na. Hello, beautiful friends. We gather on the lands of the Aboriginal people. We thank, acknowledge, and respect the Aboriginal people's land that we're gathering on today. Take pleasure in all the land, and respect all that you see. She's on the Money podcast acknowledges culture, country, community, and connections, bringing you the tools, knowledge, and resources for you to thrive.
Jess· Host0:44
She's on the- Money ... She's on the Money. [laughs] [laughs] [upbeat music] Hello, and welcome to She's on the Money, the podcast that makes personal finance fun, especially on Fridays. It is our favorite day of the week because we get the team together, and we get to celebrate you, the incredible She's on the Money community. Today, it's just Bec and I, but don't worry, I will still be sharing some of my favorite money wins, Bec will be sharing her best broke tips, and we'll be helping to answer a money dilemma from someone who's trying to negotiate down a debt that has blown far beyond the original amount, and a DM that you slid into our inbox about that asks the question, what is the best way to set your kids up financially?
Bec· Host1:23
But before we get into it, we always like to start the show with a five-star review. Have you got one today?
Jess· Host1:27
Of course I do. This one comes from The