Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search


Everyday budgeting means income is greater than expenses


5 September 2012

Everyday budgeting means income is greater than expenses

“I just haven’t got enough money.”
“There’s not enough to cover my essentials.”
“I need more money to afford to live.”

These are common comments from budgeting clients, according to Raewyn Fox, CEO of the New Zealand Federation of Family Budgeting Services.

“It’s quite common for a client to come to a budgeting service thinking they don’t have enough money. Sometimes we can reduce expenses down to an affordable level – and sometimes it’s true; the client hasn’t got enough money,” Fox says.

The spotlight is on everyday money and everyday budgeting during Money Week, New Zealand’s first week dedicated to helping Kiwis learn about everyday money.

Fox says sometimes budgeting clients cannot get enough income to cover expenses. “This is sometimes true for beneficiaries as well as income earners. A budget adviser will do everything they can to help the client reduce expenses and increase income.”

But how could a person possibly increase their income? “It’s not usually easy,” Fox says. Here are her suggestions:
• If you’re a beneficiary, are you getting all the support you’re entitled to? A budget adviser has detailed knowledge of Work and Income entitlements, and might help you and your family get that little bit extra.
• If you’re a salary or wage earner, have you enquired about a pay rise? If you ask politely and can justify your request with good work, you may be surprised by what can happen.
• In order to survive, sometimes you may need to work more than one job. A small side-job can sometimes create enough extra cash to balance the budget.
• Do you gamble or smoke? Money spent on a $30 a week smoking habit could buy quite a few groceries. Quitting smoking can be like giving yourself a pay rise.
• Do you have other resources you could use? For example, if you have a spare room you could take on a boarder. If you’re good at crafts could you sell them at a weekend market?

The New Zealand Federation of Family Budgeting Services is a network of community budgeting services offering free, confidential, non-judgemental budgeting advice. Find a free budget adviser on www.familybudgeting.org.nz or by calling 0508 BUDGETLINE (283 438).


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Panic In The Pacific Over China

For years, it has been no secret that China wants closer security and trade ties with the small nations of the Pacific region. All part of Beijing’s self-image as a global superpower. To that end this week, Chinese Foreign Minister Wang Yi embarked on an unprecedented 10-day tour of the Pacific, aimed at convincing his Pacific hosts to join a cross-Pacific agreement that would let Beijing provide them with high-level police training and security, shared data co-operation and other joint services ranging from agriculture to tourism...


Covid-19: Second Vaccine Booster For The Most Vulnerable
People who are at high-risk of getting very sick from a COVID-19 infection will soon be eligible to receive a second booster, COVID-19 Response Minister Chris Hipkins said today... More>>

Crime: Govt Helps Protect Shops From Ram Raids

The Government is providing further support to help Police protect small businesses affected by a spike in ram raids, Minister of Police Poto Williams says... More>>

Government: Investment Boosts Coastal Shipping In Aotearoa
New Zealand is a step closer to a more resilient, competitive, and sustainable coastal shipping sector following the selection of preferred suppliers for new and enhanced coastal shipping services, Transport Minister Michael Wood has announced today... More>>

PM Speech: Harvard University Commencement Speech - Democracy, Disinformation And Kindness

In Te Reo Māori, the language of the indigenous people of New Zealand, I paid tribute to all of the esteemed guests who stand here in this great forest of knowledge. It is a privilege to be here, and I thank you for the honour... More>>

Government: Independent Panel Appointed To Review Electoral Law
Justice Minister Kris Faafoi today announced appointments to the independent panel that will lead a review of New Zealand’s electoral law. “This panel, appointed by an independent panel of experts... More>>

Trade: Prime Minister To Visit United States
Prime Minister Jacinda Ardern is leading a trade mission to the United States this week as part of the Government’s reconnection strategy to support export growth and the return of tourists post COVID-19... More>>




InfoPages News Channels