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 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

© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news