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


Future-proofing your finances

4 September 2013

Future-proofing your finances

Future-proofing your finances can be as simple as having a plan says Raewyn Fox, CEO of the New Zealand Federation of Family Budgeting Services.

“We often see clients who want to have a more stable financial future, but don’t know how to go about it,” Fox said. “Many have a plan ‘up here’ and others have a budget of some kind, but it doesn’t include some important aspects like insurance or car maintenance – the sort of bills that often trip people up.”

Recent research shows that 85% of New Zealanders know what a budget is, but only 66% actually have one. “This means you’re always going to be dealing with the day-to-day, and not planning for your future. A good budget plan will have a budget worksheet – a snapshot of your finances today – and a cashflow forecast for the next 12 months,” Fox explains. “Unless you plan your spending you’re unlikely to reach your financial goals.”

This applies to those saving to buy a home, go on a holiday, or simply to pay back a debt.

This week is Money Week and one of the key messages is to ‘make a date with your money’. “This is the perfect time to visit and try the free budgeting templates,” Fox said. “You can also visit with a budget adviser who will be able to help you face-to-face, at no cost.”

There are also a number of free Money Week seminars and events happening over the next few days, so check the calendar to find one in your area:

About the NZFFBS Inc
The NZFFBS Inc is a collective of community organisations that share a common code of ethics, philosophy, and commitment to delivering quality, free budgeting advice to families/whanau and individuals. The current membership comprises 160 budget services throughout New Zealand that employ over 1500 predominantly volunteer staff, who worked with over 41,000 clients last year. For free budgeting advice call 0508 BUDGETLINE (283 438).


© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>


Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>


Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Stats NZ: Annual Goods Trade Surplus At 28-Year High

New Zealand’s annual goods trade surplus reached a 28-year high of $2.2 billion as imports tumbled in the year ended October 2020, Stats NZ said today. “This is the largest annual surplus since the July 1992 year, driven mainly by much lower ... More>>

ComCom: How Real Is That Bargain?

The Commerce Commission urges retailers and consumers to think hard about the bargains being offered as ‘Black Friday’ and Christmas draw near. Black Friday has now overtaken Boxing Day in terms of retail spending, according to data from electronic ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>