110. No More Using the House as an ATM

110. No More Using the House as an ATM

Author: Ruth - Personal Finance Blogger August 27, 2025 Duration: 1:09:41
Today’s guest, Gail, has been on quite the financial trip and she’s still very much on it. Back in 2019, at age 41, she experienced a wake-up call. She found herself with plenty on her plate: a failing business, an income of just $25,000, no savings, no emergency fund, drawing down on her mortgage to pay the mortgage, mounting IRD debt, $4,000 on the credit card, and using buy now, pay later just to cover the basics in life. After listing down her not insignificant problems, she asked herself how on earth she could get out of this mess. But, at that stage, no ideas were forthcoming other than finding a new husband, getting back together with the old one, or winning the lottery. Ultimately, she realised that she was the solution to her own problems. As you’ve heard from many guests on this podcast, a bit of knowledge and time can make all the difference. Today, aged 47, Gail’s got a plan. And that is to put the past behind her, build her future and retire by the age of 53. Her financial situation is so common, and by sharing her story, she’s not only showing how far she’s come, but also helping others believe they can turn things around too. In fact, Gail credits this very podcast as one of the sparks that got her started on this journey. She told me, “I never would have thought it possible if I hadn’t heard of other people doing it, and just hearing the variety of ways that people have made their situation better was a huge help to me.”

Money conversations can feel awkward, but they don't have to be. On The Happy Saver Podcast-Personal Finance in New Zealand, host Ruth brings her perspective as a longtime personal finance blogger to break down that barrier. Each episode is built around real stories from everyday Kiwis, exploring the nuanced and often personal relationship people have with their finances. You'll hear frank discussions about how money influences life choices, for better or worse. The focus is on practical, grounded experiences within the New Zealand context-where people save, how they invest, and whether those strategies actually pan out over time. Ruth guides conversations that delve into both financial victories and those moments that feel like train wrecks, always with an eye toward learning. The underlying question is how to design a life rich in experience without spending a fortune to get there. This isn't about theoretical jargon; it's about the applied reality of making dollars and sense work together in Aotearoa. By listening to this podcast, you gain a collective wisdom from a community navigating the same economic landscape, from everyday budgeting to long-term investing goals. Ruth facilitates a space where money is simply a tool to be understood and mastered, one honest story at a time.
Author: Language: en-us Episodes: 100

The Happy Saver Podcast - Personal Finance in New Zealand
Podcast Episodes
34. I'm keeping the dog! [not-audio_url] [/not-audio_url]

Duration: 38:01
I came upon Tracy via Instagram. She was on a debt repayment marathon, trying to pay down $94,278 of consumer debt and was estimating it would take her 33 months. It all started because she was on the brink of bankruptcy…
33. A Debt Free Birthday [not-audio_url] [/not-audio_url]

Duration: 45:08
What do you do when you become debt free for the very first time in your life? You email me to share your fabulous news of course! That is how I came to know Dale and Dean. They were ambling along just fine until Dean re…
32. The Ultimatum! [not-audio_url] [/not-audio_url]

Duration: 30:24
In this week’s podcast I spoke with Farrel and Chihiro, a Christchurch couple in their early forties who are a great example of how to get two people with completely opposite money personalities on the same page. One was…
31. Cherishing time over everything else. [not-audio_url] [/not-audio_url]

Duration: 39:48
I get a lump in my throat when I think about Tracey, her family and the journey they have been on together. Back in 1996, she had no money, she had less than no money actually, she was in debt. With a divorce, the recent…
30. Young investor tries it all from penny stocks to margin lending. [not-audio_url] [/not-audio_url]

Duration: 42:04
Ryan is a 23 year old Australian who started trading penny stocks at 16, worked pretty much full time while he was at university and has now begun his professional career in finance. He invests in all sorts of things, ju…
29. Being curious and asking questions gets rewards. [not-audio_url] [/not-audio_url]

Duration: 35:41
Arataki is a woman who focuses on the collective and not on the individual and as she has moved through life she used some difficult experiences to not hold her back, but to drive her forward. At every turn, she has been…
28. To stay on the million dollar mortgage treadmill or not? [not-audio_url] [/not-audio_url]

Duration: 39:18
New Zealand is a fabulously multicultural place and I often find myself speaking with people who were not born here but have chosen to make this place their home. Today is no exception because Lucas was born in Southern…
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Duration: 36:56
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26. Single Income is No Barrier to Becoming Financially Independent [not-audio_url] [/not-audio_url]

Duration: 33:54
I’m going to tell you about a fabulous 42 year old woman I know, called Kate. We met via my blog when she reached out to me and that is when I knew that she had an interesting money journey to tell. What you pay attentio…

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