{"id":31997,"date":"2022-03-22T12:37:30","date_gmt":"2022-03-21T23:37:30","guid":{"rendered":"https:\/\/alternatefinance.co.nz\/?p=31997"},"modified":"2022-04-04T13:47:41","modified_gmt":"2022-04-04T01:47:41","slug":"budget-advice-for-kiwis","status":"publish","type":"post","link":"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/","title":{"rendered":"Budget Advice for Kiwis"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Do_I_really_need_a_budget\" title=\"Do I really need a budget?\">Do I really need a budget?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#What_information_do_I_need_to_create_a_budget\" title=\"What information do I need to create a budget?\">What information do I need to create a budget?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Income\" title=\"Income\">Income<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Employment_income\" title=\"Employment income\">Employment income<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#State_benefits\" title=\"State benefits\">State benefits<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Investment_income\" title=\"Investment income\">Investment income<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Expenditure\" title=\"Expenditure\">Expenditure<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Needs\" title=\"Needs\">Needs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Wants\" title=\"Wants\">Wants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Savingsdebt_repayments\" title=\"Savings\/debt repayments\">Savings\/debt repayments<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#How_do_I_stick_to_my_budget\" title=\"How do I stick to my budget?\">How do I stick to my budget?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Do_I_need_separate_savings_and_current_bank_accounts\" title=\"Do I need separate savings and current bank accounts?\">Do I need separate savings and current bank accounts?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Should_I_take_up_the_offer_of_a_bank_overdraft\" title=\"Should I take up the offer of a bank overdraft?\">Should I take up the offer of a bank overdraft?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#What_are_the_benefits_of_debt_consolidation\" title=\"What are the benefits of debt consolidation?\">What are the benefits of debt consolidation?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#How_do_I_plan_for_the_short-term_but_look_at_the_long-term\" title=\"How do I plan for the short-term but look at the long-term?\">How do I plan for the short-term but look at the long-term?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Who_can_I_talk_to_for_financial_advice\" title=\"Who can I talk to for financial advice?\">Who can I talk to for financial advice?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/alternatefinance.co.nz\/budget-advice-for-kiwis\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n\r\n<p>As the cost of living continues to spiral higher, many people seek budget advice to ensure they can pay their bills and live an everyday life. The majority of us will at some point experience financial difficulties in our lives, and the physical and mental strains can be immense. For many people seeking budget advice, it is the feeling of losing control that is most damaging. So, how you do go about creating your own budget?<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Do_I_really_need_a_budget\"><\/span>Do I really need a budget?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>The majority of us already have a rough idea of our weekly and monthly budgets in our heads. You likely know your phone bill, car tax, home insurance, etc. and approximately how much you have leftover. However, cash flow problems and unexpected bills can sometimes put your theoretical budget under pressure. Consequently, you will find having a formal budget, written or even on your mobile phone, something of a godsend.<\/p>\r\n\r\n\r\n\r\n<p>We are not necessarily talking about tick boxes or even writing down every penny you spend, but more about just appreciating how much money comes in and how much you spend each month. You will notice that many of your regular expenses are fixed while others are variable. There may be certain times of the year when you need to tighten your belt a little. Perhaps you are looking to put some money away to buy presents for Christmas, birthdays, anniversaries, etc. Either way, taking a greater interest in your monthly expenses and income will make you acutely aware of the state of your finances.<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"What_information_do_I_need_to_create_a_budget\"><\/span>What information do I need to create a budget?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>You require two main elements to create a <a href=\"https:\/\/alternatefinance.co.nz\/monthly-budget-planner\/\">budget planner<\/a>, income and outgoings. It is only when we split these two elements into subcategories that we become more aware of our finances.<\/p>\r\n\r\n\r\n\r\n<p>Before we look at these two subjects in more detail, there is an interesting concept known as the 50\/30\/20 rule when it comes to budgeting:-<\/p>\r\n\r\n\r\n\r\n<p><em><strong>\u201cAllow 50% of your income for needs, 30% for wants and 20% for savings\/debt repayments\u201d<\/strong><\/em><\/p>\r\n\r\n\r\n\r\n<p>In a perfect world, this concept would be beneficial, but unfortunately, many of us experience varied income and expenditure on a regular basis.<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Income\"><\/span>Income<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>While there are potentially numerous different income streams you may receive regularly, we can pretty much summarise this in three groups:-<\/p>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"Employment_income\"><\/span>Employment income<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>If you are in employment, you will likely receive a regular income that allows you to plan for the short-term and the longer term.<\/p>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"State_benefits\"><\/span>State benefits<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>Whether in receipt of unemployment-related benefits\/state pension, again, this is likely to be a source of regular income, at least in the short term.<\/p>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"Investment_income\"><\/span>Investment income<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>Many people who plan for the future could have stocks and shares, tax-efficient savings accounts, insurance policies and even property. Each of these could create a regular or irregular income stream which should be considered when creating your budget.<\/p>\r\n\r\n\r\n\r\n<p>In reality, most of us will experience significant changes in our income streams and expenditure over the short, medium and longer-term. So, while you may be able to create a strict budget for the immediate future, you may need to adapt and amend going forward. If you are quick enough, you should be able to rewrite your budget before an expected change in your finances. Unfortunately, for most people, their financial situation can change relatively quickly; therefore, planning ahead may not be possible.<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Expenditure\"><\/span>Expenditure<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>As we touched on above, it is possible to categorise our expenditure as needs, wants, and saving\/debt repayments. In many ways, this gives you an idea of fixed and variable expenses.<\/p>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"Needs\"><\/span>Needs<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>The list of fixed expenses is unavoidable for many and will not surprise you. They take in the likes of:-<\/p>\r\n\r\n\r\n\r\n<p>\u2022 Mortgage\/rent<br \/>\u2022 Home insurance<br \/>\u2022 Car insurance<br \/>\u2022 Health insurance<br \/>\u2022 Electricity<br \/>\u2022 Gas<br \/>\u2022 Water<br \/>\u2022 Travel<br \/>\u2022 Internet<br \/>\u2022 Phone<br \/>\u2022 Minimum debt repayments<\/p>\r\n\r\n\r\n\r\n<p>This is just a small selection of the expenses which many of us will regularly experience throughout our lifetime.<\/p>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"Wants\"><\/span>Wants<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>Even though there is a need to be <a href=\"https:\/\/sorted.org.nz\/guides\/planning-and-budgeting\/budget-dont-fudge-it\/\">sensible with your budget<\/a>, you also need a degree of enjoyment in life. However, in theory, various elements of discretionary spending can be stopped at any time. These include:-<\/p>\r\n\r\n\r\n\r\n<p>\u2022 Clothing<br \/>\u2022 Socialising<br \/>\u2022 Alcohol<br \/>\u2022 Movies and concerts<br \/>\u2022 Gym membership<br \/>\u2022 TV streaming packages<br \/>\u2022 Self-care\/personal grooming<br \/>\u2022 Home d\u00e9cor<br \/>\u2022 Hobbies<\/p>\r\n\r\n\r\n\r\n<p>If your life consistently revolves around fixed expenses and repayment of debts, there will be little or no enjoyment. While there are many ways to have couple time and family time which are not expensive, your mental well-being will benefit from some discretionary spending (where possible).<\/p>\r\n\r\n\r\n\r\n<h3><span class=\"ez-toc-section\" id=\"Savingsdebt_repayments\"><\/span>Savings\/debt repayments<span class=\"ez-toc-section-end\"><\/span><\/h3>\r\n\r\n\r\n\r\n<p>Now we move on to savings\/debt repayments which can be challenging for many people. The first thing to say is that you should always maintain minimum debt repayments where possible. If you foresee any difficulties, you must approach your lender as options may be available. However, there can be significant long-term benefits for those in a position to save money, whether putting this into a savings account, investment or pension fund.<\/p>\r\n\r\n\r\n\r\n<p>Some of the issues to consider under savings\/debt repayments include:-<\/p>\r\n\r\n\r\n\r\n<p>\u2022 Emergency funds<br \/>\u2022 Savings accounts<br \/>\u2022 Other investments<br \/>\u2022 Credit card payments<br \/>\u2022 Loan payments<br \/>\u2022 Additional mortgage payments<br \/>\u2022 Additional credit card\/loan payments<\/p>\r\n\r\n\r\n\r\n<p>Many people make the mistake of not putting money aside into an emergency fund for unforeseen expenses in the future. If they have excess funds month by month, they may be tempted to increase repayments for credit card or loans. On the surface, this makes perfect sense, but what if there are no emergency funds for unforeseen expenses in the future?<\/p>\r\n\r\n\r\n\r\n<p>It is essential to balance putting money aside for unexpected expenses\/savings and putting additional funds towards additional debt repayments.<\/p>\r\n<p>&nbsp;<\/p>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-32190 size-full\" src=\"https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-37.jpg\" alt=\"\" width=\"960\" height=\"540\" srcset=\"https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-37.jpg 960w, https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-37-300x169.jpg 300w, https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-37-768x432.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"How_do_I_stick_to_my_budget\"><\/span>How do I stick to my budget?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>The whole idea of a formal budget plan is to refer to it and compare\/contrast funds available against expenses in the short term. On occasion, where there is an unexpected expense, you may be able to adjust some of the regular non-fixed expenditures. But, ultimately, even the best budget in the world needs the individuals involved to &#8220;buy into it&#8221;. So, yes, take budget advice but also remember to stick to your budget.<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Do_I_need_separate_savings_and_current_bank_accounts\"><\/span>Do I need separate savings and current bank accounts?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>Many people find it helpful to have separate savings and current bank accounts. For example, if all of your funds are in a current account, then it may be easy to partake in what is known as &#8220;impulse buying\u201d. Consequently, you may end up spending an element of the surplus income you receive each month. Before you know it, all of the excess could be away and more!<\/p>\r\n\r\n\r\n\r\n<p>Now, if excess funds were held separately in a savings account, you would physically need to transfer from one account to the other. This delay will often break the process of \u201cimpulse buying\u201d. It would prompt you to consciously consider whether you need to spend this money. The main benefit of having two different accounts is that you can save, but it also makes you think before you spend.<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Should_I_take_up_the_offer_of_a_bank_overdraft\"><\/span>Should I take up the offer of a bank overdraft?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>Occasionally, a bank overdraft can be a useful short-term solution to cash flow issues, but you need to be careful. Unfortunately, many people are tempted to use their overdrafts because the money is simply there. Consequently, it is effortless to fall into the trap of living in your overdraft which will incur significant interest charges.<\/p>\r\n\r\n\r\n\r\n<p>If you find yourself constantly living in your overdraft, this may be the time to consider a personal loan or a consolidation loan. There could be significant interest charge savings with this relatively simple switch depending on your circumstances. Remember, overdrafts are only supposed to be for short-term cash flow issues!<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"What_are_the_benefits_of_debt_consolidation\"><\/span>What are the benefits of debt consolidation?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>If you fail to stick to your budget or don&#8217;t have any formal budget in place, it can be very easy to take advantage of personal loans, overdrafts and credit cards. Unfortunately, what often start as relatively small debts can grow quickly and sometimes run out of control. Consequently, you may have several minimum debt repayments to make each month which can sometimes stretch your finances.<\/p>\r\n\r\n\r\n\r\n<p>This is where <a href=\"https:\/\/alternatefinance.co.nz\/loan\/debt-consolidation\/\">debt consolidation<\/a> can be helpful, the ability to amalgamate all of your debts into one manageable loan. The interest charged will depend on your financial situation at the time, but you may be able to extend the duration, thereby reducing minimum monthly repayments. In the event that your finances were to improve in the short to medium term, you may be able to make additional payments or even repay the consolidation loan early.<\/p>\r\n\r\n\r\n\r\n<p>A consolidation loan is the last chance saloon for many people to get their finances back in order. A failure to control your spending going forward could lead to more severe repercussions. Here at Alternate Finance, we take our responsibilities as a lender very seriously. We can help and guide you as to the best options available for your circumstances, but these would need to be affordable. Rest assured we will be brutally honest when looking at your situation, and give you realistic options.<\/p>\r\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-32192 size-full\" src=\"https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-39.jpg\" alt=\"\" width=\"960\" height=\"540\" srcset=\"https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-39.jpg 960w, https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-39-300x169.jpg 300w, https:\/\/alternatefinance.co.nz\/wp-content\/uploads\/2022\/03\/Blog-Images-Thinkroom-39-768x432.jpg 768w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"How_do_I_plan_for_the_short-term_but_look_at_the_long-term\"><\/span>How do I plan for the short-term but look at the long-term?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>As we touched on above, there are needs, wants, and savings\/debt repayments when looking at expenditure. In a perfect world, we would all have an emergency fund available in the event of unforeseen short-term expenses. However, this should be treated differently from savings and long-term investments such as stock market portfolios and pensions.<\/p>\r\n\r\n\r\n\r\n<p>While it is essential to look at the long-term picture, funds in retirement, etc., your primary focus should be securing short-term living expenses. Surplus funds could go towards additional debt repayments or an element of discretionary spending. Be sensible!<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Who_can_I_talk_to_for_financial_advice\"><\/span>Who can I talk to for financial advice?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>Personal finances are one subject many of us find difficult to talk about with friends and family. Thankfully, while professional financial advisers are out there, the New Zealand government has also put together a package for \u201cGetting help with your budget\u201d. A <a href=\"https:\/\/www.govt.nz\/browse\/family-and-whanau\/financial-help-for-your-family\/getting-help-budget\/\">MoneyTalks<\/a> free financial helpline offers support and advice from trained financial mentors.<\/p>\r\n\r\n\r\n\r\n<p>If those operating the financial helpline cannot help you, they will put you in touch with other services and communities where you will find assistance. Whatever your financial situation, both formal and informal advice is available together with financial help. The sooner you ask for help, the sooner you will receive it, which will alleviate an element of the physical and mental pressures that financial issues can attract.<\/p>\r\n\r\n\r\n\r\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>Whatever your income\/expenditure, it is crucial to put together a formal but flexible budget reflecting your financial situation. Even though many of us have a rough idea of our monthly budget in our head, it can often help to see this on paper. There may be situations where you can save money amalgamating household services such as insurance, mobile phone and the Internet. In addition, there may be cheaper options available for standalone services. While one potentially small saving on its own may seem irrelevant, if you put together four, five or more small savings, they can accumulate into a significant reduction in your expenditure.<\/p>\r\n\r\n\r\n\r\n<p>If you foresee financial challenges ahead, you must take budget advice as soon as possible. But unfortunately, the vast majority of us will be hit by unexpected changes in our finances, which dictate a reactive rather than proactive approach. Either way, there is advice out there, so take it!<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>As the cost of living continues to spiral higher, many people seek budget advice to ensure they can pay their bills and live an everyday life. The majority of us will at some point experience financial difficulties in our lives, and the physical and mental strains can be immense. For many people seeking budget advice,&hellip;<\/p>\n","protected":false},"author":9,"featured_media":32189,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"none","_seopress_titles_title":"How To Stick To a Budget - New Zealand Financial Blog &amp; Tips","_seopress_titles_desc":"Making a budget is one thing, but it&#039;s not quite as easy to stick to it. Use our free budget calculator &amp; read tips to get yourself into a financial positive.","_seopress_robots_index":"","inline_featured_image":false,"footnotes":""},"categories":[7],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/posts\/31997"}],"collection":[{"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/comments?post=31997"}],"version-history":[{"count":0,"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/posts\/31997\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/media\/32189"}],"wp:attachment":[{"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/media?parent=31997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/categories?post=31997"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alternatefinance.co.nz\/wp-json\/wp\/v2\/tags?post=31997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}