Why aren't my pennies piling up?
Is your debt standing in the way of your goals?
Treat getting rid of your debt as a short-term goal. By creating a budget to tackle debt, you'll develop saving habits which will help you achieve your medium and long-term goals.
Your first step for managing debt is to create a budget.
Your budget will:
- Help you realise where your money is going
- Allow you to understand what is a need, and what is a want
- Give you a timeframe for paying off debt
for the Talking Money
Sense guide to creating a budget.
Find out how to manage your debt
Talking Money Sense's Rae has developed a handy guide to using debt sensibly to help manage her lifestyle and budget. By incorporating her debt repayments into her monthly expenses, Rae is successfully managing her debt.
Click here for Rae's guide to debt.
Get yourself out of the red!
Check out the Talking Money Sense tips for how to reduce your debt . Research your options, including personal loans, debt consolidation and increased repayments.
Watch the video
Click here to watch Rae, Nicci and Marina talk about how they're achieving their goals.
Talking Money Sense: How can I achieve my goals?
Nicci's guide to setting goals
Find out how Nicci is saving for bills, travel and her first home deposit.
Marina: How setting goals early can lead to big rewards
Marina shares her tips on how to get kids excited about saving.
How much will $120 be worth in 20-30 years' time?
Get a grip on how compound interest works.
How Westpac can help you and your kids save
Find out how Westpac can help both kids and adults save, including KiwiSaver options, savings games and online calculators.
What you need to know about KiwiSaver
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 Limited from any Westpac branch in New Zealand free of charge. Westpac New Zealand Limited.