Friends With Money #90: Financial help when you need it

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As the cost of living crisis continues to bite, more Australians are finding themselves in financial difficulty. But where can anyone who's struggling turn for advice?

This week on the Friends With Money podcast, Money's Tom Watson is joined by Deb Shroot, a financial counsellor at Financial Counselling Australia, to run through exactly how financial counsellors can help.

  • What are the major financial concerns at present?
  • What support can financial counsellors provide?
  • How are counsellors different from advisors?
  • How can people avoid getting into financial difficulty?

friends with money podcast episode 90 financial help when you need it

Need to talk to someone?
National Debt Helpline: 1800 007 007

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Friends With Money podcast FAQ

What is the Friends With Money podcast?

Friends With Money is a weekly personal finance podcast by Money magazine, offering expert insights on investing, budgeting, superannuation, property, and other money strategies for everyday Australians.

Where can I listen to the podcast?

You can listen on Apple Podcasts, Spotify, or YouTube (with closed captions available).

Who hosts Friends With Money?

Episodes are hosted by Vanessa Walker and Tom Watson from Money magazine, featuring expert guests and real conversations about money.

Is the podcast suitable for beginners?

Yes! It's designed to be accessible for beginners while still offering valuable insights for seasoned investors.

What topics does the podcast cover?

The Friends With Money podcast covers topics including banking, property, budgeting, superannuation, investing, saving, insurance, employment, travel and more.

How often are new episodes released?

New episodes are released weekly, so you can stay up to date with the latest financial tips and trends.

Can I watch episodes with captions?

Yes, full episodes with closed captions are available on YouTube.

Why subscribe to the Friends With Money podcast?

Boost your financial literacy anytime, anywhere with the Friends With Money podcast from Money magazine. Whether you're commuting, working out, or relaxing at home, this weekly podcast makes it easy to grow your money knowledge on the go.

Each episode dives into real conversations about money - how it's earned, shared, saved, and grown - with tips and insights that make finance simple and relatable. Perfect for beginners and seasoned investors alike, it's your go-to guide for building better financial habits.

Subscribe to the Friends With Money podcast today and start learning when it suits you.

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Tom Watson is a senior journalist at Money magazine, and one of the hosts of the Friends With Money podcast. He's previously worked as a journalist covering everything from property and consumer banking to financial technology. Tom has a Bachelor of Communication (Journalism) from the University of Technology, Sydney. Connect with Tom Watson on LinkedIn.

Deb Shroot is a financial counsellor and sector advocate for Financial Counselling Australia, the peak national body for financial counsellors. Before moving into financial counselling in 2017, she had more than 15 years' experience managing budget and reporting functions for companies across higher education, media, retail, property, aviation, hospitality, not-for-profit and professional services. Deb holds a certificate IV in Training and Assessment and is also an Associate and Chartered Accountant through the Chartered Institute of Management Accountants (CIMA).