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5 Money Rules for Kiwis to Live By
1. Don’t borrow to buy flash stuff
Getting into debt for things like a new phone, clothes or a car you don’t really need just puts pressure on your future. If it’s not essential, save up or go without.
2. Use credit cards like EFTPOS
Only spend what you’ve already got in your account. If you can’t pay it off straight away, don’t use it. Credit cards are handy but they’re not free money.
3. Save or invest $20 out of every $100
Make saving a habit. Whether it’s building up an emergency fund or investing for later, putting a bit aside every time you get paid adds up over time.
4. If you can’t buy it twice you can’t really afford it
This is a good test before making a big spend. If you’d be broke after buying it once, hold off. Save a bit more or find a cheaper option that won’t stretch you.
5. Spend less than you earn
Simple but powerful. If you always live within your means you’ll stay in control, have less stress and be better set up for whatever life throws your way.
Mark Jones, Hallam Jones
Want to find out more? Simply give Mark Jones a call on 0800 404 202 or send him a message.
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