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Financial Security for Teachers
- Release fears of the future
- Financially resilient & secure
- Provide great experiences for you and your family
- Enjoy life to the full now
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- identify the money blocks that are holding you back
- implement simple systems to pay off debt & build savings
- banish guilt, reduce stress and FEEL GREAT about money
027 Dealing with debt with Debt Camel
Debt consolidation for teachers is our focus today, so if you are a teacher worried about debt, then listen in to Sara, from Debt Camel. She gives tips and suggestions for reducing the cost of your debt and paying off your debt. She also talks about hidden pitfalls, debt consolidation for teachers and how to avoid these costly mistakes.
If you want to learn some tips on how to avoid getting into unmanageable debt, then Sara Williams of Debt Camel is the person to help. In this episode she shares her wealth of knowledge and experience in all things debt. No wonder she is often quoted in various newspapers and invited to speak on radio as well as TV because of her expertise on this complicated yet very common topic. You can always count on Sara to make complicated things easier to understand, especially when it comes to dealing with debt consolidation for teachers.
Listen to our latest episode
You need a budget so that you are more in control and you can see what's actually happening.
Sara Williams, Debt Camel
[10:35] How do you know if you've got a debt problem?
[15:48] Steps in managing your debt on your own
[22:36] Start a Sinking Fund
[27:09] Talk to a debt advisor to know your options
[33:38] Three types of personal insolvency
[41:19] Regulating payday lenders and focusing on Affordability Rules
Debt indeed covers a wide variety of scenarios and there's no one right answer because as Sara shared, circumstances are different and so their solutions will vary. It is this complexity that captured Sara's interest and passion for helping people in understanding their debt situation and the possible solutions they could look into. More information can be found in her Debt Camel website as well as from her recommended resources such as the National Debtline, Business Debtline, Citizens Advice and StepChange.
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Hi, I’m Eileen Adamson, teacher, money coach, host of Your Money Sorted Teachers' Podcast and ex co-host of BBC podcast Clever About Cash. I help female teachers to become happier, healthier and wealthier.