Cooking the Books podcast: How to pay off debt faster

If you get strategic with your debt payments, you can save a lot of money. Photo / File

OPINION

Each week the NZ Herald's Cooking the Books podcast tackles a different money problem. Today, it's how to pay off debt faster, and pay less overall. Hosted by Frances Cook.

Listen to the Cooking the Books podcast here or watch the interview above.

There's quite enough to be feeling nervous about these days, with the Covid-19 situation changing every five minutes and regularly throwing curveballs to the economy.

So if you've got debt you were meaning to deal with, it's probably making you feel vulnerable.

The problem with debt is it's one more thing that makes everything else worse. If you lose your job it's another bill to keep paying off, or if you are trying to save money for emergencies, it's another thing soaking up your spare cash.

But don't despair. There are ways to pay off debt faster, so you pay less overall, and get that monkey off your back.

For the latest podcast I talked to Kate Reddington from Sorted.

We talked about how Covid-19 has changed the debt stress, the techniques to pay it off faster, and what to do if a debt collector is involved.

For the interview, watch the video above, or listen to the podcast.

• If you have a question about this podcast, or question you'd like answered in the next one, come and talk to me about it. I'm on Facebook here, Instagram here and Twitter here.

• Listen to the full interview on the Cooking the Books podcast. You can find new episodes in the Herald, or subscribe on iHeartRadio, Apple podcasts app, or Spotify, or wherever you get your podcasts.

Find all of episodes of Cooking the Books here or check out our playlist on Youtube.