This article was published on 28 January 2021. Some information may be out of date.

Watch Your Spending

New Zealanders’ household spending is way up, compared with late 2019.

Spending is OK if not getting into debt

Why spend on non-essentials?:

  • Happiness. But often short-term.
  • Appearances.
  • Pressure to spend on special shopping days.

What to do:

  • Use credit cards?: pluses and minuses
  • Estimate spending in different categories, then keep track for 2 months
  • Change a habit for just a month. Letter to
  • 2 birds with one stone: Cut spending on unhealthy things
  • Help w budgeting: MoneyTalks. Free, confidential and non-judgmental, around NZ.

No paywalls or ads — just generous people like you. All Kiwis deserve accurate, unbiased financial guidance. So let’s keep it free. Can you help? Every bit makes a difference.

Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.