Debt can feel overwhelming, isolating, and even physically draining. But the good news is: you can get out of debt and stay out with a realistic plan that works. Whether you're dealing with credit cards, personal loans, Buy Now Pay Later (BNPL) schemes, or other high-interest debts, the key is to take action early and consistently.
If you’re ready to take control, this guide will walk you through a practical debt management plan.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. For personalised support, please consult a qualified financial advisor or contact free services like MoneyTalks.
Before tackling debt head-on, Sorted recommends starting with a $1,000 emergency fund. This buffer helps prevent you from sliding back into debt when unexpected expenses arise.
If you don’t know where to start, we recommend reading our recent articles below:
List all your debts, including:
Use tools like Sorted’s Debt Calculator to get a clear picture of what you owe.
There are three proven methods to pay off debt:
Look at balance transfer credit cards with 0% introductory rates, but watch fees and expiry dates.
Explore low‑interest personal loans to consolidate multiple high‑interest debts into one manageable repayment.
Ask your lender if they can reduce your rate — sometimes they will for reliable customers. (MoneyHub NZ)
Cancel unused subscriptions or memberships.
Set a 30‑day pause on non‑essential spending and redirect the savings to repayments.
Put any windfalls (bonuses, tax refunds) directly toward debt.
Once a debt is cleared, keep paying the same amount but redirect it into your emergency fund or to your next debt target. This builds resilience and stops old habits from creeping back.
Quick tip: Paying an extra $20 a week on a $5,000 credit card at 20% interest can save over $1,000 in interest and nearly halve your repayment time.
If you’re feeling overwhelmed by debt, remember you don’t have to face it alone. There are teams, programmes and products available to help you.
MoneyTalks: a free helpline for anyone struggling with debt or financial hardship. Call 0800 345 123 or use email/online chat. They can also connect you with local budgeting services.
Citizens Advice Bureau (CAB): some branches offer debt and budgeting support, including crisis help, one‑on‑one sessions, and ongoing assistance.
Debtfix and CAP (Christians Against Poverty): other trusted organisations providing free, practical debt help.
Getting out of debt takes persistence, but it is possible, and you don’t have to do it alone. With a clear plan, some practical strategies, and the right support, you can take back control and build momentum toward a debt-free future.
At Healthcare Plus, we’re here to share resources, tips, and member benefits that can help you stay on track. Every small step you take makes a difference and together, those steps add up to real progress.
1. Sorted NZ: How to get out of debt quickly
2. Money Hub NZ: Debt Problems - Reduce Debts and Get Help