Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Get Your Finances Sorted In 2005


Get Your Finances Sorted In 2005

The Retirement Commissioner Diana Crossan is urging New Zealanders to use the first week of the New Year to make a resolution to get their finances sorted.

“New Year is a great time to start setting new goals for the future.

“The challenge is to stick to your goal – and research shows you’re more likely to achieve it if you have a written plan and you involve others in helping you stick to it,” said Ms Crossan.

“While you’re on holiday and reflecting on the year ahead use the time to make a road map to achieve your New Year resolution.”

“The Sorted website has three budget calculators for different stages of your life – the general Budget Calculator, the Student Budget Calculator and the 60plus Budget Calculator. Any one of these tools will help you manage and set achievable financial goals.”

Ms Crossan says a plan is especially important if your New Year resolution requires a financial commitment.

“Many New Year resolutions involve a financial commitment. Common resolutions such as saving for an overseas trip, joining the gym to lose weight or get fit and paying off the credit card all require a financial outlay.

“If your New Year resolution requires a financial commitment, making a budget should be one of the first steps.

“Budgeting does not have to be scary. It’s actually reassuring because it helps you work out where you can cut back to achieve your goals,” said Ms Crossan.

When writing your plan, Ms Crossan recommends identifying possible barriers and thinking how you might overcome them. She also suggests reviewing your goals and time frames to make sure they’re realistic.

Get ahead in 2005 and achieve your New Year resolutions with Sorted:

1. Visit the Goal Machine at http://www.sorted.org.nz. 2. Write down your goals. Remember to be realistic with your resolutions. 3. Make a budget on the Budget Calculator – this is essential if your goal is financially ambitious! 4. Become a My Plan member and save your calculator results in your own free account on Sorted. You can then track your progress – and reward yourself when you achieve your goals.

To get ahead with your 2005 resolutions visit the Setting your goals section on the Retirement Commission’s website http://www.sorted.org.nz.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>

ALSO:

Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>

ALSO:

Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>

ALSO: