Money Bootcamp: Smart strategies to pay off debt

My Money My Lifestyle

Welcome to the Money Bootcamp with Maya Fisher-French and Mapalo Makhu. This is a series of podcasts that you can follow to help create your own money journey. We share our experiences in working with individuals who turned their finances around in just six months.
In this episode, we tackle the issue of managing excessive debt, especially in the face of rising interest rates and inflation. Many people are struggling to meet their debt repayments, and we are here to offer practical solutions and insights to help you regain control of your finances. We explain concepts like the snowball method, how to have a conversation with your creditors, and the pros and cons of debt consolidation. We also explain debt review, how it works and what to watch out for. By making small sacrifices and reallocating funds, you can make a substantial dent in your debt.
Don't forget to download our budgeting and credit agreement templates to help you on your journey to financial freedom