In this episode of Money Made Simple, Liv and Jennie are tackling debt! This episode is part one of two, focusing first on what we call the "bad" type.  Acknowledging that things aren't always as black and white as "good debt" or "bad debt", they explain why they are making this distinction and what the implications of bad debt are, in the short and long term. This week's episode covers: What exactly we mean by "bad" vs "good" debt The long-term impacts of bad debtThe pros and cons of credit cards and buy now pay later (BNPL) schemes like Laybuy or Afterpay Some handy (and maybe not so obvious) tips for tackling debtHow credit cards MIGHT sometimes be useful (hint - you need to be REALLY disciplined!) Resources we mention in this episode: Sam Stubbs' Money Made Simple ebook We hope that by the end of this episode, you can start to differentiate between different types of debt, and their impacts on your finances over the long term. In this way you can start to cut bad debt out of your life, for good! And live happily ever after (too far, we know, felt cute). %)   --- Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful! Find us: Instagram Facebook LinkedIn Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.