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
54. Where are they now? A revisit with Lucas, Callum and Bradie. [not-audio_url] [/not-audio_url]

Duration: 30:00
For the last episode in this series, I have once again reconnected with a few people that I’ve interviewed before. I like to check in on people and get a feel for the progress and changes they have made and I know you do…
53. On a flight path to financial independence. [not-audio_url] [/not-audio_url]

Duration: 36:42
When Julian and Sophie met in 1999 they each had a car, a very small amount in savings and no debt. Just 21 ‘short’ years later they have an approximate net worth of $1,500,000. So, how did they do it? Their current weal…
52. I don’t want a student debt hangover! [not-audio_url] [/not-audio_url]

Duration: 46:20
In today’s podcast, 26-year-old Bella shares the realities of student loan debt in New Zealand and how you can meander your way into debt, but it’s far harder to meander your way out again. She explains how the pressure…
50. An investor with military precision! [not-audio_url] [/not-audio_url]

Duration: 26:54
I first heard from Hamish when he sent me an email in late 2020 telling me that back in 2018, at the age of just 24 he had saved up and bought a $379,00 house in Palmerston North with a big deposit of $125,000. Apparentl…
49. Everything I thought I knew about money was wrong [not-audio_url] [/not-audio_url]

Duration: 50:08
“Well this is awkward” I thought when some guy called Chris started secretly emailing me without his partner’s knowledge! Big long emails with tonnes of questions about personal finance, my favourite topic for sure! That…
48. Everything is working out perfectly! [not-audio_url] [/not-audio_url]

Duration: 48:46
Jen freaked out at 49! She considered herself to be halfway through her life and had big concerns about what the other half might look like. She became heartily sick of working so hard. At the age of 16, she started full…
47. Matching income with expectations is the secret. [not-audio_url] [/not-audio_url]

Duration: 35:35
So often people tell me that they ‘wish their parents had talked to them more about money’ when they were growing up. Well, in today’s podcast that’s exactly what happened. Nina was homeschooled and part of her education…
46. I'm sick of living pay cheque to pay cheque! [not-audio_url] [/not-audio_url]

Duration: 50:25
Alana’s debt of choice was buying household items on Hire Purchase. Lots of them! But before long she had precommitted her income years into the future so she could service these debts. Yet that still didn’t stop her bor…
45. Stop the bus! You paid off your mortgage? [not-audio_url] [/not-audio_url]

Duration: 37:24
This week, I’m heading South to one of New Zealand's more underrated cities, Invercargill, where I had a chat with Steve who described his financial story as “not so much an epic dig out of deep debt”, or a “becoming fab…