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

 


Make a date with your money next week

Make a date with your money next week

New Zealand’s national Money Week kicks off on Sunday and David Kneebone, Executive Director at the Commission for Financial Literacy and Retirement Income is urging Kiwis to take the time to sort their money during the week.

Led by the Commission, Money Week runs from 1-7 September and aims to motivate Kiwis to manage their money better.

Mr Kneebone says although recent research has found Kiwis have a good level of financial knowledge, ranking top among 14 other countries, we’re not always good at putting our knowledge into action.

“Getting in control of your money can stimulate a lot of positive changes elsewhere in life. Taking time to assess your current situation and set financial goals is a key first step. Make a date with your money during Money Week, you won’t regret it.

“Often changes like prioritising debt repayments, setting up an automatic payment into a savings account or completing or reviewing your family budget are key steps towards being financially sorted. Once people experience the positive effects of these actions, they are motivated to do more,” says Mr Kneebone.

Mr Kneebone says most of us could benefit from taking a fresh look at our finances. Money Week’s free financial education activities in workplaces, community groups, banks and schools around the country are a great way to get started.

David recommends taking the following steps:
• Make a plan for your money – ensure you’re spending less than you earn
• Set financial goals for the short, medium and long term.
• Make a repayment plan to reduce your debt and always start with high interest debt first.
• Save for an emergency fund of three months' expenses.
• Check your insurance cover to ensure it still meets your needs.
• Work out what lifestyle you want in retirement and what you will need to fund it.

To find out more about Money Week events visit www.moneyweek.org.nz.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Scoop Business: Alex Swney Pleads Guilty To $2.5M Fraud Charge

Alex Swney, former chief executive of the Auckland city centre business association Heart of the City, has pleaded guilty to dishonestly using documents to obtain $2.5 million. More>>

ALSO:

Petrol Burns Prices: Second Consecutive Quarterly Fall For CPI

The consumers price index (CPI) fell 0.3 percent in the March 2015 quarter, following a 0.2 percent fall in the December 2014 quarter, Statistics New Zealand said today. The last time the CPI showed two consecutive quarterly falls was in the December 1998 and March 1999 quarters. More>>

ALSO:

Scoop Business: NZ Broadcasters Launch Battle Against Global Mode ISPs

New Zealand broadcasters have confirmed they’ve launched legal proceedings against internet service providers who give customers’ access to “global mode”, which allows customers access to offshore online content, claiming it breaches the local content providers’ copyright. More>>

ALSO:

Sanford: Closure Of Christchurch Mussel Processing Plant Confirmed

The decision comes after a period of consultation with the 232 staff employed at the Riccarton site, who were told on 9 April that Sanford was considering the future of mussel processing in Christchurch. Recent weather patterns had impacted on natural spat (offspring) supply... More>>

ALSO:

Price Of Cheese: Dairy Product Prices Fall To The Lowest This Year

Dairy product prices fell in the latest GlobalDairyTrade auction, hitting the lowest level in the 2015 auctions so far, as prices for milk powder and butter slid amid concern about the outlook for commodities. More>>

ALSO:

Houston, We Have An Air Route: Air New Zealand To Fly Direct To The Heart Of Texas

Air New Zealand will fly its completely refitted Boeing 777-200 aircraft between Auckland and Houston up to five times a week opening up the state of Texas as well as popular nearby tourist states such as Louisiana and Florida. More>>

ALSO:

Scoop Business: Reserve Bank’s Spencer Calls On Govt To Rethink Housing Tax

The Reserve Bank has urged the government to take another look at a capital gains tax on investment in housing, allow increased high-density development and cut red tape for planning consents to address an over-heated Auckland property market. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news