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HerMoney with Jean Chatzky

Ep 488: 18k In Credit Card Debt: Why I Was Finally Honest

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 13 August 2025

⏱️ 38 minutes

🧾️ Download transcript

Summary

Debt isn’t just a number on a statement — for so many of us, it’s tied to shame, secrecy, and the pressure to keep up. This week, Jean sits down with Jamie Feldman, writer, producer, and co-host of the Debt Heads podcast, who went from ignoring her $18,000 in consumer debt to tackling it head-on… and talking about it openly with the world. If you’ve ever felt alone in your money struggles, this conversation will remind you: you’re not. And the first step toward a different future might be as simple as talking about it. If more financial confidence sounds good to you, then you might want to try… 4-Week Coaching Program⁠: Identify and understand your spending, build a strategic plan, and take control of your money. 6-Week Pre-Retirement Program⁠: We’ll help you prepare financially and emotionally for this exciting milestone. 📈⁠InvestingFixx⁠: Learn, connect, and start investing—your first month is completely free. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I think capitalism allows us to not be creative, right?

0:08.0

Like capitalism says you want to catch up with your friend, well, here's a restaurant

0:12.0

where you could go buy a meal, pay $20 for a cocktail, and it's so easy, look, it's right here, you can do it.

0:18.0

But if you're not spending that money and you're not going to restaurants,

0:21.4

suddenly you have to use your brain a little bit and say,

0:23.4

well, how can I catch up with this person in a way that feels good and connective

0:27.3

without doing the thing that I've been brought up to do socially?

0:35.6

Hey, everybody.

0:36.7

Welcome to her money. Very glad to have you with us for this episode because it's an important one. We are talking about debt. And in this country, we don't just carry debt. We carry shame. We are told that if we are in debt, it's because we are irresponsible, undisciplined,

0:57.0

or simply not trying hard enough. And the advice is often the same. Budget better. Spend less.

1:04.6

Work more. But what happens when you do all of that and it still doesn't work? Should we really be blaming ourselves

1:15.0

or should we be pointing fingers at the system, which asks us to spend money to prove our worth

1:23.7

in the world and gives us higher and higher credit limits in order to do it.

1:29.1

That's where my guest today comes in.

1:31.5

Jamie Feldman is a writer, producer, and one of the voices behind the incredible new narrative

1:37.8

podcast, Debtheads, alongside her friend and co-creator Rachel Webster.

1:43.0

They describe it as a true crime investigation into the systemic murder of our bank accounts.

1:50.4

Here's the backstory.

1:51.3

After being laid off from her job at the Huffington Post in 2021, Jamie found herself

1:56.6

without 18,000 in consumer debt and no clear path out.

2:02.6

So she started talking about it honestly on TikTok.

2:08.0

Her story struck a nerve.

...

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