What happens when you simply can’t afford to pay your debts?

FinCap financial mentor Charlotte Whitakker joins The Prosperity Project to explain the options available when debt becomes overwhelming — from negotiating with lenders and hardship applications to KiwiSaver withdrawals, debt repayment orders and bankruptcy.

Plus, why buy now, pay later can fuel a debt spiral, when you should seek help, and why getting support earlier can make all the difference.

What happens when you simply can&rsquo;t afford to pay your debts?
FinCap financial mentor Charlotte Whitakker joins The Prosperity Project to explain the options available when debt becomes overwhelming &mdash; from negotiating with lenders and hardship applications to KiwiSaver withdrawals, debt repayment orders and bankruptcy.
Plus, why buy now, pay later can fuel a debt spiral, when you should seek help, and why getting support earlier can make all the difference.

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.  

Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email nadine.higgins@nzme.co.nz 

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.&nbsp;&nbsp;
Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email <a href="mailto:nadine.higgins@nzme.co.nz">nadine.higgins@nzme.co.nz</a>&nbsp;

The Prosperity Project

What to do when you can’t pay your debts

No new taxes. Free GP visits. Cheaper public transport. Solar subsidies. KiwiSaver changes.

The election promises are coming thick and fast — but what will they actually mean for your finances?

On The Prosperity Project, Katie Bradford joins Nadine Higgins to unpack how the major parties’ policies could affect your wallet, from tax and rates to KiwiSaver, student loans, solar panels, small businesses and the cost of funding New Zealand’s infrastructure.

Because however appealing the promises sound, there’s one unavoidable question: who ultimately pays for them?

No new taxes. Free GP visits. Cheaper public transport. Solar subsidies. KiwiSaver changes.
The election promises are coming thick and fast &mdash; but what will they actually mean for your finances?
On The Prosperity Project, Katie Bradford joins Nadine Higgins to unpack how the major parties&rsquo; policies could affect your wallet, from tax and rates to KiwiSaver, student loans, solar panels, small businesses and the cost of funding New Zealand&rsquo;s infrastructure.
Because however appealing the promises sound, there&rsquo;s one unavoidable question: who ultimately pays for them?

Who really pays for election promises?

Buying a home used to mean checking the LIM, getting a builder’s report and sorting the mortgage. But natural hazards, insurance restrictions and increasingly complex property issues mean buyers now have much more to consider.

Solicitor and Landley Law director Sue Foley joins Nadine Higgins to explain the red flags buyers should look for, why insurance needs to be considered early, what sellers are required to disclose and why relying on someone else’s building report could leave you exposed.

Buying a home used to mean checking the LIM, getting a builder&rsquo;s report and sorting the mortgage. But natural hazards, insurance restrictions and increasingly complex property issues mean buyers now have much more to consider.
Solicitor and Landley Law director Sue Foley joins Nadine Higgins to explain the red flags buyers should look for, why insurance needs to be considered early, what sellers are required to disclose and why relying on someone else&rsquo;s building report could leave you exposed.

The home-buying red flags you can’t afford to ignore

How often should you review your KiwiSaver — and what should you actually be looking at?

In this episode of The Prosperity Project, we talk through what matters when reviewing your KiwiSaver, from your retirement goals and contribution levels to fees, fund types and provider performance.

Financial commentator Russell Hutchinson explains why you shouldn’t just chase last year’s top-performing fund, how to think about active versus passive management, and why performance after fees is what really counts.

Plus, is checking your KiwiSaver balance every week helpful — or just a distraction?

How often should you review your KiwiSaver &mdash; and what should you actually be looking at?
In this episode of The Prosperity Project, we talk through what matters when reviewing your KiwiSaver, from your retirement goals and contribution levels to fees, fund types and provider performance.
Financial commentator Russell Hutchinson explains why you shouldn&rsquo;t just chase last year&rsquo;s top-performing fund, how to think about active versus passive management, and why performance after fees is what really counts.
Plus, is checking your KiwiSaver balance every week helpful &mdash; or just a distraction?

What to do when you can’t pay your debts

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