Cooking The Books

Each week the New Zealand Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's where to start if you're in debt. Hosted by Frances Cook.This episode is one of the most popular from 2017, and originally played on September 23. If you're in debt up to your neck, it's tempting to close your eyes and pretend it isn't happening. But just because that's a totally natural response, doesn't mean you can give in to it. The longer you ignore debt the worse it will get, and eventually, the people who loaned you the money aren't going to let you ignore it anymore. It's a horrible situation to be in, and yet, I understand how people get there. There's an entire industry dedicated to getting you to spend money you don't have. In the last six months we've even seen a new industry crop up, with four companies now offering buy now pay later, for when you're shopping online. The idea is that you see something you like, buy it, and then pay for it over several weeks. The thing is, if