Did You Know?

Don't Overspend - The 50, 20, 30 Budget Rule

What is the 50, 20, 30 budget rule? It's a commonly known money management rule that recommends 50% of your income should be necessities, 20% should be deposted in savings or investments & the remaining 30% is for everything else. Necessities are rent, power, groceries, fuel etc.There are Government initiatives like Kiwisaver that can help you save for your pension which are also worth looking into. By using our free online budget planner NZ life just got a whole lot easier.

How To Get Out Of Debt in New Zealand?

Swap high-interest credit cards for debt consolidation loans at affordable repayments and interest rates so you can avoid late penalties and fees.Consolidate all your bills, your mortgage and any current loans, into one simple payment. Your budget planning will be a lot easier if you do. There are many places to get financial advice in New Zealand, but if you're not sure where to start give us a call and we can help you on your way.

Sort Your Money - How should a beginner budget?

When first starting to budget, it can be a little daunting, so here are a couple of tips. First, list your net income; this means the money you get after tax and deductions. Next, you should try and trim all expenses by sharing your Netflix & Spotify accounts with friends. Lastly, budget for unexpected billsWhether you're saving for your first home or looking to start investing, using a budget calculator is a great way to start getting control over your financial situation.

How Often Should I Review My Budget?

It's good practice to check your actual spending against your budget on a monthly basis. Block out a time to treat yourself to a coffee at a cafe where you can't be distracted and while you match reality against your forecast and then adjust your personal budget based on your actual spending habits. Remember to write the coffee into the expenses, always important for a budget planner NZ -style! 🙂