In this episode of Don't Go Broke Trying, Reni sits down with writer and personal finance expert, Shannon Terrell from Nerdwallet Canada to break down the ins and outs of debt consolidation and how to do it right. 

Whether you're drowning in multiple credit card bills or juggling personal loans, this episode walks you through smart ways to simplify your repayments without falling into more financial traps. 

What you’ll learn in this episode:

• What debt consolidation really means

• How to tell if debt consolidation is the right option for you

• The biggest myths and mistakes people make when consolidating their debt

• Shannon’s proven strategies for paying off debt without going broke

• Steps to take before and after consolidating to stay financially on track

Whether you're feeling overwhelmed by multiple debts, or just exploring your options, this episode will help you make smart, confident decisions so you can take control of your finances without going broke.

Resources Mentioned: 

Support on how to get out of debt: https://creditcounsellingcanada.ca/

Learn more about NerdWallet: www.nerdwallet.com 

Read Nerd Wallet’s Canadian Consumer Credit Report: https://www.nerdwallet.com/ca/p/article/credit-cards/2025-canadian-consumer-credit-card-report

Watch on Youtube: https://youtu.be/9gqqRbORhZ4

Connect With Shannon:

LinkedIn: https://www.linkedin.com/in/shannon-terrell/

Author Page: https://www.nerdwallet.com/ca/author/shannon-terrell

Join Don't Go Broke Collective: ⁠https://www.skool.com/dont-go-broke-collective/about⁠

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DISCLAIMER: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.