Cash Chats #123 – Beating the shame of debt w/guest @myfrugalyear

I talk a lot about how to avoid debt in the first place, from getting the best price and value through to better managing your money. But sometimes that’s not enough.

A big factor is getting over the shame you might feel about your situation and the decisions you’ve made. So how do you do this?

Well it can really help to know you aren’t in this alone. That other people are going through the same things, feeling the same emotions. The more accounts of money management that we read and recognise, the less alone we feel.

So this week my guest is Instagrammer Clare Seal, aka @MyFrugalYear. She has gone through this herself and is sharing her way out of £27,000 worth of debt with her 50,000 followers.

Shame was a big part of her debts getting beyond her control, and it’s something she’s passionate about helping people break free of.

And a lot of what we talk about applies even if you don’t have debt. We can all feel shame about finances – whether that’s an impulse buy through to being unable to do something as you can’t afford it.

Please do leave a review and rating. Here’s how to do it on Apple Podcasts and iTunes. 


Further reading and links

Debt & Shame

Clare’s MyFrugalLife Instagram account

Clare’s book Real Life Money from Amazon

Clare’s book at Waterstones

How to quickly clear your credit card debt

Questions to ask to find out if your debts are a problem

Free and impartial debt support from StepChange

The Money Advice Service’s Debt Advice Locator tool

Elsewhere on the blog

How to search price history and know if you’re getting a good deal

The cheapest way to rent movies online and by post

Halifax Reward account to change: Is it any good?

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