The Smart Way to Consolidate Debt

In this episode of Don't Go Broke Trying, Reni sits down with writer and personal finance expert, Shannon Terrell from Nerdwallet Canada to break down the ins and outs of debt consolidation and how to do it right. Whether you're drowning in multiple credit card bills or juggling personal loans, this episode walks you through smart ways to simplify your repayments without falling into more financial traps. What you’ll learn in this episode:What debt consolidation really means How to tell if debt consolidation is the right option for youThe biggest myths and mistakes people make when consolidating their debtShannon’s proven strategies for paying off debt without going brokeSteps to take before and after consolidating to stay financially on trackWhether you're feeling overwhelmed by multiple debts, or just exploring your options, this episode will help you make smart, confident decisions so you can take control of your finances without going broke.Resources Mentioned: Support on how to get out of debt: https://creditcounsellingcanada.ca/Learn more about NerdWallet: www.nerdwallet.com Read Nerd Wallet’s Canadian Consumer Credit Report: https://www.nerdwallet.com/ca/p/article/credit-cards/2025-canadian-consumer-credit-card-reportWatch on Youtube: https://youtu.be/9gqqRbORhZ4Connect With Shannon:LinkedIn: https://www.linkedin.com/in/shannon-terrell/Author Page: https://www.nerdwallet.com/ca/author/shannon-terrellJoin Don't Go Broke Collective: ⁠https://www.skool.com/dont-go-broke-collective/about⁠Connect With Us!Follow the podcast on Instagram: ⁠⁠⁠https://instagram.com/dontgobroketrying Follow Reni on Instagram: ⁠⁠⁠https://www.instagram.com/xoreni Visit our website: ⁠⁠⁠⁠renitheresource.com/category/podcast⁠⁠⁠⁠Follow on Twitter: ⁠⁠⁠⁠twitter.com/dgbtpod⁠⁠⁠⁠Subscribe to Reni's YouTube: https://youtube.com/xoreniDISCLAIMER: The views and opinions shared on this channel are for informational and educational purposes only. This is NOT financial advice. Always do your own research and due diligence before investing.

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