Financial wellbeing has a major influence over the lives of every New Zealander. The ability to manage unexpected expenses, achieve our goals and have the freedom to make the choices we want, all depend on our level of financial wellbeing.
And according to research from The Financial Services Council there's a strong connection between money and our wellbeing. It shows Kiwis are still underprepared for personal financial shocks. This is partly because we lack a good understanding of the language of money.
“Overall, the research found a strong link between money and wellbeing with money worries causing stress for most New Zealanders. Given that just 21% of respondents described their financial well-being as better than moderate this suggests that money has a major impact on our health and well-being.
Richard Klipin, Chief Executive Officer of the Financial Services Council.
So, we're encouraging our Members to get involved in this years Money Week and use the resources and events to talk more openly about money and ask for help – because any money question is a good question!
It's a great opportunity to talk more openly about money and ask for help – because any money question is a good question! So if you're 'just wondering' about KiwiSaver, money planning, budgeting, saving, investing, loans and retirement planning, now's the time to ask
Step by Step Guidance
One resource from Sorted that we are a big fan of is their '6 steps to get your money sorted'
It teaches you how to make sense of money one step at a time. They have created practical bite sized tips that can be applied immediately which will help improve your confidence when making money decisions
So, make sense of money and take the first step to get your money Sorted here.