Everything Counts is a podcast series dedicated to exploring the ins and outs of personal finance. Hosted by 702's Motheo Khoaripe, each episode brings together financial experts to tackle crucial topics like saving, debt management, investing, and smart financial habits. The goal is to empower listeners with the knowledge and tools they need to achieve financial wellness.

In this episode, we explore the complex world of debt, credit scores, and financial management. Financial experts Kgomotso Motlaung, seasoned Investec financial advisor, and renowned consumer journalist Maya Fisher-French, join Motheo to discuss the temptation of over-borrowing, the importance of managing credit scores responsibly, and the pros and cons of debt consolidation. They also delve into the delicate balance between paying off debt and saving, sharing practical strategies like survival budgeting and the power of early investment.

Whether you're struggling with debt, looking to improve your credit score, or seeking advice on how to balance saving with debt repayment, this episode offers valuable insights to help you navigate your financial journey. Tune in now and start taking control of your financial future.

Skip ahead

00:00 Introduction

01:00 What is debt?

03:00 Good debt vs bad debt

04:10 The importance of having an emergency fund

06:00 How to get out of debt

07:15 Budgeting

09:20 Negotiating interest rates

11:00 What is a balloon payment?

12:00 Personal loans for debt

14:16 Knowing what you qualify for and what you can afford

16:38 Be aware of your credit score

20:30 Debt consolidation

22:57 Paying off debt vs saving

25:20 Survival budget

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