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 the Ladies Finance Club, where we talk to some of the best money experts in the country. We’ll chat about how you can get started investing fast, how to get out of debt and how to get onto that property ladder. Plus, some really simple ways you can manage your money (in minutes), and how to save thousands on your bills.

We know that when women are financially empowered we change the world. We create better lives for our families, community and environment. Not only that - young women investors are driving the shift to more sustainable investments.

I'm so happy to have you here with me and I hope it really really helps you take action towards your money goals. Especially if your head has been in the sand about your money for a long time. Ladies, it’s time to get money savvy!

Welcome to the Ladies Finance Club, where we talk to some of the best money experts in the country. We’ll chat about how you can get started investing fast, how to get out of debt and how to get onto that property ladder. Plus, some really simple ways you can manage your money (in minutes), and how to save thousands on your bills.
We know that when women are financially empowered we change the world. We create better lives for our families, community and environment. Not only that - young women investors are driving the shift to more sustainable investments.
I'm so happy to have you here with me and I hope it really really helps you take action towards your money goals. Especially if your head has been in the sand about your money for a long time. Ladies, it’s time to get money savvy!

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