There are lots of kinds of debt - some good and some not so good. Good debt, like a mortgage, can help you grow your wealth over time, whereas bad debt like personal loans and credit cards can detract from it. But how much of a burden is debt on our mental, physical and financial wellbeing?

Did you know that 17% of Kiwis say their credit card bill is their leading cause of financial stress. Gah! In this episode we tackle head-on some of our most stressful debts - personal loans, credit cards, buy now pay later, student loans and home loans. Plus all the details on how to tackle these debts if they're causing you financial stress. Trust us, we've been there. 

In this episode, Christine and Cat chat about: 

• The current state of NZ's consumer debt and whether we should be worried about it
• Why Buy Now Pay Later schemes (we're looking at you, Afterpay) need to get in the bin
• When student loans are an interest-free cruise versus when they can affect our financial situation 
• How your student loan impacts your ability to buy a first home 
• Deciding whether to pay more off a home loan or invest/save the money instead 
• The magic of balance transfers to assist with credit card debt repayments 
• How to help with unnecessary spending and break the getting-into-debt cycle
• Credit card repayment strategies
• The trouble with car finance

...plus lots more! 

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Disclaimer:
Investing involves risk including the possible loss of principal and there is no assurance that the investment will provide positive performance over any period of time.

The information provided should not be relied upon as investment advice or recommendations and should not be considered specific legal, investment or tax advice.

Any information we provide is general only and current at the time of writing.

Kernel Wealth Limited is the manager and issuer of the Kernel KiwiSaver Plan and Kernel Funds scheme. The Product Disclosure Statements are available at www.kernelwealth.co.nz