Should You Invest While You're Still In Debt? And an Early Inheritance Dilemma

Oct 30, 2025

Is it possible to invest while still in debt? The hosts tackle the guilt of trying to build wealth amidst financial obligations. They also dive into a dilemma where a listener's parents may need an early inheritance back. Should they return the $50K gift or stand their ground? Family politics, moral quandaries, and the exploration of financial boundaries add spice to the discussion. Plus, don't miss out on quirky money-saving tips and community win stories that keep the conversation lively!

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ANECDOTE

Listener Who Cut Debt From $50K To $15K

A listener reduced debt from $50,000 to $15,000 and now juggles credit cards with small investments in Sharesies and Raiz.
She worries she should prioritise debt repayment over investing given retirement concerns in her 40s.

ADVICE

Attack High‑Interest Debt First

Prioritise paying off high-interest debt before investing because the guaranteed return from avoided interest usually beats market returns.
Keep a small emergency fund so you don't incur more debt while aggressively repaying high-rate loans.

ADVICE

Run The Maths, Use Roundups

Run the numbers comparing your debt interest rate to expected market returns before choosing where to put extra cash.
Use small automated investing (like roundups) to maintain progress without delaying debt repayment.

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You’re smashing your financial goals, debt’s going down, confidence’s going up, and then that little voice pipes up: “Should I be investing too?” This week, we’re unpacking the guilt trip of the financially responsible. Can you actually build wealth while you still owe money? Victoria’s breaking down the maths and the mindset, and proving that sometimes the hottest ROI is just being a little bit boring. Then, an early-inheritance nightmare that’s giving full moral hangover. Her parents gifted her $50K for a house deposit… until they hit money trouble and might need it back. Do you hand it over out of love, or keep it and become the villain in your own family group chat? It’s financial guilt, family politics, and the ultimate test of boundaries. Plus, a brand-new segment where you get to ask the team anything (yes, really), a few chaotic money wins, and broke tips so unhinged they might actually work.

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Acknowledgement of Country By Nartarsha Bamblett aka Queen Acknowledgements.

The advice shared on She's On The Money is general in nature and does not consider your individual circumstances. She's On The Money exists purely for educational purposes and should not be relied upon to make an investment or financial decision. If you do choose to buy a financial product, read the PDS, TMD and obtain appropriate financial advice tailored towards your needs. Victoria Devine and She's On The Money are authorised representatives of Money Sherpa PTY LTD ABN - 321649 27708, AFSL - 451289.

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