How to take the sting out of buying summer gear
"It's always difficult to accommodate the demands of my
family. The kids want new gear for the beach, we need a new
barbecue... This year, I think I'll wait until just after Christmas
to get the sale items." Marina, Account Executive
From beach umbrellas, to tents, to surf boards, it's easy to become
tempted to buy new summer gear. Often there are plenty of
promotions in the lead-up to summer - some are too good to
refuse.
Westpac's hot tips for spending on summer
gear:
- Remember your budgeting basics: "I want a barbeque, but do I
need it?" Give yourself a few days to think about it - if you still
think you need it, then look at your options and decide the best
way to purchase it
- For big ticket items, shop around beforehand. You may find you
get a better deal if you take the time to do your homework
- Keep an eye out for sales
- Managing your cash flow over summer can be tricky, especially
if you're not receiving your regular income. A
Westpac credit card
could help -
you'll get up to 55 days interest free credit each
month.
With some Westpac credit cards you earn hotpoints® - rewarding you for your everyday spending. You also get extended warranty and purchase protection insurance with a Westpac Gold Credit Card, helping to protect your purchases*.
- If you're worried about overspending, a Westpac Debitplus card
(link: cards page) will only allow you to spend what's in your
account. You'll be in control and avoid debt.
- Are you interested in buying a big ticket item? A
Westpac Personal
Loan
could work for you. You'll have the
advantage of being a cash buyer and you'll also have a fixed
repayment timeframe.
- Be wary of store cards/hire purchase/'interest-free' deals:
these can be great if you pay them off within the interest free
term, but you may pay more in the long term if you don't. Some
store cards may give you access to additional credit you didn't ask
for. Ask yourself the question -
can I afford the
repayments?
Watch the video
Click here
to watch Nicci, Rae and
Marina reveal how they're getting sorted.
Getting sorted for summer
How can I keep my Christmas spending in
check?
I'm going on holiday but my bills aren't -
what should I do?
Get organised with Westpac
Essentials
The content of Talking Money Sense is general in
nature, is designed for information purposes only and is not
intended to constitute financial or other advice. Information is
subject to change. Terms, conditions, fees and charges apply to
Westpac products and services. See
www.westpac.co.nz
or call into
your nearest Westpac branch for details. You can get a copy of the
current disclosure statement for Westpac New Zealand Ltd from any
Westpac branch in New Zealand free of charge. Westpac's current
credit card lending criteria apply to all applications and
transfers. hotpoints® membership fee and terms and conditions
apply. hotpoints® is a registered trade mark of Westpac Banking
Corporation. Westpac's current Personal Loan lending criteria
apply.
* Terms, conditions, exclusions and eligibility criteria apply to
insurance, please refer to the
Gold Card Insurance Policy
Document.
Westpac New Zealand Ltd.
