For today’s episode, I am so excited to be joined by Kristen Hartnett from the Salvation Army’s Moneycare financial counselling program to talk all things debt (and how to get out of it!). Moneycare is a free, Australia-wide, professional and confidential service for anyone and everyone who finds themselves in financial hardship.



Kristen explains to us the most common forms of debt that people come to talk to them about, including credit cards, Buy Now Pay Later, personal loans, utilities, taxation, fines, child support or owing money to family and friends. There are so many ways to get into debt these days, the important thing is that you talk to someone about it and explore your options.



Ladies, if you’re in debt, there is so much you can do to get out of it. Kristen shares some incredible tips - there are so many more options than you might know.



In terms of budgeting, Kristen lets us know how to get started, recommends some really great resources, and shares that the best way to approach budgeting is to tackle one thing at a time.



Kirsten also breaks down Buy Now Pay Later debt, explaining that even though the product is sold as being ‘interest-free’, if you don’t pay the product back in time, then you start incurring fees and charges. These products can be pretty scary because they are easy to get into and are unregulated, which means there are no credit checks. Kristen also explains credit card debt and shares how this kind of debts can often snowball. As we say at LFC, when things get drastic, don’t stick it on the plastic!



Understanding your money story is another great tip from Kristen. She reminds us that the stories we often tell ourselves about how we are about money often aren’t true. If you’re feeling hopeless with money, you are likely overlooking all the ways you are great with it. Changing your story around money can be really powerful.



We also chat about how important it is to understand your debts and bills if you share them with your partner. 



Kristen reminds us that debts don’t go away, but just as they grow day by day you have the power to make them go away, day by day. She reminds us that there's always hope and light at the end of the tunnel and that your debts don’t have to define you. You can get out of debt, and there are people who can help!





Resources mentioned:



Money Care Financial Counseling Program

Website: https://www.salvationarmy.org.au/about-us/our-services/moneycare/

Phone: 1800 722 363

Email: moneycare@salvationarmy.org.au



Moneysmart



You're the Boss - book and course



Podcasts: Huberman Lab podcast  /  Criminal podcast



Books / authors: Fierce Self Compassion  /  Sally Hepworth



CONNECT WITH KRISTEN HARTNETT



Twitter    :    https://twitter.com/kristenhartnett?lang=en

LinkedIn:    https://au.linkedin.com/in/kristen-hartnett-18643598





CONNECT WITH LADIES FINANCE CLUB

Join our free facebook group - Ladies Finance Club Money Chat



Website:    https://www.ladiesfinanceclub.com/

Instagram:    https://www.instagram.com/ladiesfinanceclub/

LinkedIn:    https://www.linkedin.com/company/ladies-finance-club/

For today’s episode, I am so excited to be joined by Kristen Hartnett from the Salvation Army’s Moneycare financial counselling program to talk all things debt (and how to get out of it!). Moneycare is a free, Australia-wide, professional and confidential service for anyone and everyone who finds themselves in financial hardship.
 
Kristen explains to us the most common forms of debt that people come to talk to them about, including credit cards, Buy Now Pay Later, personal loans, utilities, taxation, fines, child support or owing money to family and friends. There are so many ways to get into debt these days, the important thing is that you talk to someone about it and explore your options.
 
Ladies, if you’re in debt, there is so much you can do to get out of it. Kristen shares some incredible tips - there are so many more options than you might know.
 
In terms of budgeting, Kristen lets us know how to get started, recommends some really great resources, and shares that the best way to approach budgeting is to tackle one thing at a time.
 
Kirsten also breaks down Buy Now Pay Later debt, explaining that even though the product is sold as being ‘interest-free’, if you don’t pay the product back in time, then you start incurring fees and charges. These products can be pretty scary because they are easy to get into and are unregulated, which means there are no credit checks. Kristen also explains credit card debt and shares how this kind of debts can often snowball. As we say at LFC, when things get drastic, don’t stick it on the plastic!
 
Understanding your money story is another great tip from Kristen. She reminds us that the stories we often tell ourselves about how we are about money often aren’t true. If you’re feeling hopeless with money, you are likely overlooking all the ways you are great with it. Changing your story around money can be really powerful.
 
We also chat about how important it is to understand your debts and bills if you share them with your partner. 
 
Kristen reminds us that debts don’t go away, but just as they grow day by day you have the power to make them go away, day by day. She reminds us that there's always hope and light at the end of the tunnel and that your debts don’t have to define you. You can get out of debt, and there are people who can help!
 
Resources mentioned:
 
Money Care Financial Counseling Program
Website: <a href="https://www.salvationarmy.org.au/about-us/our-services/moneycare/">https://www.salvationarmy.org.au/about-us/our-services/moneycare/</a>
Phone: 1800 722 363
Email: moneycare@salvationarmy.org.au
 
<a href="https://moneysmart.gov.au/">Moneysmart</a>
 
<a href="https://www.salvationarmy.org.au/need-help/financial-assistance/youre-the-boss/">You're the Boss</a> - book and course
 
Podcasts: <a href="https://hubermanlab.com/">Huberman Lab</a> podcast  /  <a href="https://thisiscriminal.com/">Criminal </a>podcast
 
Books / authors: <a href="https://self-compassion.org/fierce-self-compassion/">Fierce Self Compassion</a>  /  <a href="https://www.sallyhepworthauthor.com/">Sally Hepworth</a>
 
CONNECT WITH KRISTEN HARTNETT
 
Twitter    :    <a href="https://twitter.com/kristenhartnett?lang=en">https://twitter.com/kristenhartnett?lang=en</a>
LinkedIn:    <a href="https://au.linkedin.com/in/kristen-hartnett-18643598">https://au.linkedin.com/in/kristen-hartnett-18643598</a>
 
CONNECT WITH LADIES FINANCE CLUB
Join our free facebook group - <a href="https://www.facebook.com/LadiesFinanceClub/">Ladies Finance Club Money Chat</a>
 
Website:    <a href="https://www.ladiesfinanceclub.com/">https://www.ladiesfinanceclub.com/</a>
Instagram:    <a href="https://www.instagram.com/ladiesfinanceclub/">https://www.instagram.com/ladiesfinanceclub/</a>
LinkedIn:    <a href="https://www.linkedin.com/company/ladies-finance-club/">https://www.linkedin.com/company/ladies-finance-club/</a>

Welcome to Get Rich by Ladies Finance Club - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.   Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by <a href="https://instagram.com/ladiesfinanceclub">Ladies Finance Club</a> - the personal finance podcast that helps women do just that: get rich and stay rich. Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp; Hit subscribe and let&rsquo;s get rich (and stay rich) together.

Ladies Finance Club - Get Rich 

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.

Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game.  

We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away.  

Whether you’re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered.  

Hit subscribe and let’s get rich (and stay rich) together.

Welcome to Get Rich by Ladies Finance Club- the personal finance podcast that helps women do just that: get rich and stay rich.
Hosted by Molly Benjamin, founder of the award-winning Ladies Finance Club and a reformed hot financial mess, this is where smart, ambitious women come to take control of their finances, grow their wealth, and level up their money game. &nbsp;
We make personal finance fun, fearless, and totally doable no matter where you're starting from. No confusing jargon, no guilt trips - just high-impact, simple money strategies that anyone can start using right away. &nbsp;
Whether you&rsquo;re saving for a home deposit, creating a budget that actually works, investing in property or the sharemarket, growing your income, or finally figuring out superannuation, this podcast has you covered. &nbsp;
Hit subscribe and let&rsquo;s get rich (and stay rich) together.

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