Budgeting 


Where can I go for free budgeting advice?
How do I avoid getting into unmanageable debt?


Where can I go for free budgeting advice?

There are several non-profit organisations that can help you with budgeting advice. The Citizens Advice Bureau can help you find a budgeting service that suits your situation, and offers a free budget advisory service in some centres. If you want to contact the CAB, call on 0800 367 222 or find your nearest CAB online. You can also find information and advice to help you with budgeting and debt management (including downloadable booklets) on the Sorted website, or contact the New Zealand Federation of Family Budgeting Services.
 

How do I avoid getting into unmanageable debt?

It mostly boils down to living within your means – in other words, spend no more than the amount you earn (and only borrow money e.g. a student loan, if you are confident of your ability to pay it back).

You can do this by putting together a budget which lists your total income and all of your expenses. You can download a budget worksheet for free from the New Zealand Federation of Family Budgeting Services website. If you need help a budget advisory service can help you do this.

If your budget shows that your expenses are greater than your income, think of how you can reduce the amount of your expenses or increase your income – or both. You can find many ideas for cutting down on your spending, on the New Zealand Federation of Family Budgeting Services website. A budget adviser  can also help you with this.
 
Sorted also has advice to help you manage your debt.