46. I'm sick of living pay cheque to pay cheque!

Alana’s debt of choice was buying household items on Hire Purchase. Lots of them! But before long she had precommitted her income years into the future so she could service these debts. Yet that still didn’t stop her borrowing money for a vehicle and running up credit card debt. But finally she reached a pivotal point of being heartily sick of living pay cheque to pay cheque and a chance conversation where someone said “just try writing down your expenses for a month or two” was to be the catalyst that changed everything. She got her somewhat reluctant husband on board and in just a few short years they have had a massive financial turnaround and are now firmly on the path to financial independence instead.

Om Podcasten

Your friends might not want to talk about money, but I do! Hi, I’m Ruth and I’m a blogger on Personal Finance and in this podcast I tell the stories of Kiwis and their experiences with the money in their lives. How do they use it or how does it use them? Where do they save and invest it and does it work? What are their financial triumphs and financial train wrecks? How can you extract the most out of life and spend as little as possible while doing it? Join me as I ask the questions everyone else is too polite to ask but is dying to know about New Zealanders and their money. Happy Saving! Ruth