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Step-by-step financial road map for Kiwis

Monday 15 September 2008

Step-by-step financial road map for Kiwis

Would you like to get your finances under control but don’t know where to start? Sorted – Your guide to getting there, a new free booklet from the Retirement Commission, takes Kiwis through the six key steps to getting financially sorted.

Retirement Commissioner Diana Crossan says the 16-page booklet covers all the basic information Kiwis need to know about getting their finances sorted.

“It’s like a financial roadmap. After reading this booklet, people should have a greater knowledge of the actual basics behind getting sorted. They will know who to talk to and where they can get more help to get themselves financially sorted,” she said.

Sorted – Your guide to getting there takes people through six steps from setting goals, making a budget, managing debt, saving, retirement planning to protecting assets. It also includes a useful glossary that explains financial terms like compound interest, equity, net worth and PIEs.

The Retirement Commission has also produced free seminar information for employers and community groups to accompany the booklet. The seminar presentation can be downloaded from www.sorted.org.nz/seminars along with a guide for facilitators and a worksheet for participants.

“The booklet and seminar are timely with the current economic downturn. More and more people are focusing on how they spend their money and how they can make better use of it,” Diana Crossan said.

The booklet also points people to tools on the Sorted website such as the My Goals worksheet, the Budget calculator and the Get out of debt, Hire purchase and Credit card calculators.

People can order free copies of Sorted – Your guide to getting there by ringing 0800 SORT MONEY (0800 767 866) or download or order copies from sorted.org.nz. The booklet is also available from ANZ and The National Bank’s branches.

Sorted.org.nz is New Zealand’s free independent online money guide, run by the Retirement Commission. It’s full of calculators and information to help Kiwis manage their personal finances throughout life.

ENDS

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