“I constantly have people come to me who have made so many mistakes with their money, because no one told them they were making bad decisions,” says Ruth. “They get a credit card, they get AfterPay – they’re being offered these solutions, so they think it must be a good idea. And off they go, and get into debt.”
According to Ruth, it’s usually not until people are in their 30s or 40s that they realise they’re stuck in a pretty vicious cycle, and that they’ll be paying off their debts for years. And for those people, it can feel like it’s too late to change their habits.