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

 

Family Budgeting Thankful For $50,000 Donation

19 December 2005

Federation Of Family Budgeting Thankful For $50,000 Donation

The New Zealand Federation of Family Budgeting Services thanked Westpac New Zealand for its $50,000 donation today.

“The Federation is very thankful to Westpac for its generosity,” says Raewyn Fox, the Federation’s Chief Executive Officer. “We are very reliant on community support with over 35% of our funding coming from corporate and community donations.”

“The money will be used to support a new initiative to increase our Service’s capacity to collect information.”

“The aim of the project is to find out why some people suffer from debt crises and, more importantly, what can be done to prevent it,” she says.

“The findings will be shared with the relevant government agencies, banks and other lending agencies. We all need to work together to ensure New Zealanders use of credit is more sustainable.”

June McCabe, Westpac’s Director, Corporate Affairs says, “I am very proud of Westpac’s commitment to supporting our communities and helping to make financial advice more accessible. This is just one small way we can make a contribution at this time of year, which we recognise can be difficult for some people”.

This is the second year Westpac has decided to donate its Christmas buying fund to the budgeting service. Last year it donated $30,000.

The Federation of Family Budgeting Services help New Zealand families to better manage their money and meet their financial obligations through free, one-on-one support and community education.

It plays a very important role for families struggling with their finances at this time of the year and has service providers in most towns and cities around the country.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Auckland Airport: North American Touch Downs Make AA Most Connected In Australasia
The return of American Airlines, the world’s largest airline, announced today has cemented Auckland Airport’s title as the Australasian airport with the most non-stop connections to the United States and Canada... More>>



Reserve Bank: Monetary Conditions Tighten By More And Sooner

The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 2.0 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions at pace to maintain price stability... More>>


The Download Weekly: Vodafone FibreX back in court

Vodafone and the Commerce Commission head back to court over FibreX in a week the TCF issues broadband marketing codes that should avoid similar problems in the future... More>>



Kiwibank: Savers To Benefit From Higher Returns Following OCR Rise

Following market movements Kiwibank is pleased to increase the interest rate and rates of return on its savings accounts... More>>

Fonterra: Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
Fonterra today announced its 2022/23 opening forecast Farmgate Milk Price and provided an update on its third-quarter performance... More>>


Stats: Quiet Start For Retail In 2022
The volume of retail sales was relatively unchanged in the March 2022 quarter, following a strong increase in the December 2021 quarter, Stats NZ said today... More>>