Top Kiwi personal finance websites save money & improve finances

December 22, 2021 Kunal Kumar Finance, Trending

With a short Google search, you can uncover a plethora of personal finance blogs in New Zealand. The purpose is the same: to assist folks who desire to save money and become financially independent. Despite this, more than 70% of Kiwis still live paycheck to paycheck and struggle to save.

According to a Money and You poll conducted by the Financial Services Council in June, just 21% of Kiwis feel in control of their finances and are sure that they would last beyond their paycheck.

According to another poll conducted by Westpac and Stuff, 72 percent of individuals are eager to learn more and enhance their financial knowledge.

So, what better way to kick off 2022 than by learning more about money and managing it wisely? Here are ten of the best Kiwi personal finance websites for NZ people.

Top 5 Kiwi personal finance websites/blogs for NZ

  1. Sorted – www.sorted.org.nz 

Sorted.org.nz is here to help New Zealanders to make sense of money one step at a time by providing reliable information.

Users may utilize the website’s services to pay off debt, plan, and budget, save and invest, maximize their KiwiSaver, prepare for retirement, safeguard what matters to them, and manage a mortgage. More than that, it gives daily doses of motivation to help New Zealanders achieve their financial goals and, eventually, a retirement of choice and freedom.

www.sorted.org.nz is there to assist New Zealanders wherever and wherever they want to take charge of their finances and manage their future.

  1. Passive Income NZ – www.passiveincomenz.com 

Passive Income NZ can help you achieve financial independence. They attempt to help you make more through your passive income, which needs little to no work on your part, as the term suggests. They not only assist you in earning passive income, but they also give important suggestions and techniques to help you get out of debt, save money, and improve your investing alternatives.

To get access to their personal financial beginner package, sign up for their online newsletter. Another fantastic feature is that the author discusses his personal financial experience in ‘The Journey to Financial Freedom,’ a monthly report on his assets and spending.

  1. The Smart and Lazy – www.thesmartandlazy.com 

Looking for a straightforward and easy-to-understand financial guide? The Smart and Lazy is a perfect choice! They recognize that organizing your finances, conserving money, and investing your money isn’t as simple as it may appear. That is why they provide sensible financial advice that even non-financially savvy Kiwis can follow.

Even if they don’t update their website as frequently as they used to, the material on it is still relevant and informative. In the face of adversity, their thorough investing and mortgage recommendations can keep you afloat and help you attain financial freedom.

  1. The Happy Saver – www.thehappysaver.com 

Ruth Henderson is a married mother of two who owns and operates her own marketing firm, Millstream Marketing. She is an avid saver and investor who shares her knowledge and advice with others.

Ruth is a strong proponent of financial planning, stating that “being prepared for retirement will free you up to enjoy the things in life that really matter.” As a result, Ruth started a blog named ‘The Happy Saver’.

‘The Happy Saver’ is all about money, saving, budgeting, having a happy life, and not working too hard. Excellent, down-to-earth posts about personal finance in New Zealand.

Ruth prioritizes saving, putting aside between 15-20 percent of her paycheck on a monthly basis. Ruth prefers to save money rather than squander it. She appreciates the security of having money on hand, as well as the peace of mind that comes with knowing you have some money set away in case anything unexpected occurs. Ruth invests her funds in a variety of assets that meet her needs. She enjoys investing in real estate, stocks, bitcoins and cash. Ruth uses Virgin Money to save and Questrade to invest.

  1. Money King NZ – www.moneykingnz.com 

The most important thing you will take away from Money King NZ is that there are experts who can explain investment ideas in a manner that you can easily grasp. Money King NZ previously had no genuine understanding of how investment worked. Over time, he honed his talents to the point where he can advise a lot of New Zealanders on how to save money sensibly and better their finances. The majority of individuals invest without knowing the fundamentals of financial concepts. They are losing thousands of dollars each year in this manner.

5 Money Management Strategies to Improve Your Finances

  1. Keep track of your expenditures in order to improve your finances

If you don’t know what and where you’re spending your money each month, there’s a strong possibility your personal spending habits are not so good.

Spending awareness is the first step toward better money management. Use a money management tool like MoneyTrack to track your spending across categories and discover how much you’re spending on non-essentials like restaurants, entertainment, and even your daily coffee. After you’ve educated yourself about these tendencies, you may devise a strategy to improve them.

  1. Make a practical monthly budget

Create a budget based on your monthly spending patterns as well as your monthly take-home money.

Setting a rigid budget based on radical adjustments, such as never eating out, is pointless if you’re already getting takeout four times a week. Make a budget that fits your spending patterns and lifestyle.

A budget can be viewed as a means to encourage healthier habits, such as cooking at home more frequently, but you should also allow yourself a realistic chance of reaching this budget. This is the only way this strategy of money management will work.

  1. Start saving money, even if it takes time

Make an emergency fund that you may use if unexpected circumstances arise. Even if your contributions are tiny, this fund can rescue you from potentially dangerous circumstances in which you are obliged to borrow money at excessive interest rates or are unable to pay your payments on time.

You should also contribute to a general savings account to increase your financial security in the case of a job loss. Automatic donations, such as FSCB’s pocket change, can be used to develop this fund and promote the habit of saving money.

  1. Make investment plans

Even if your financial resources are limited, making tiny contributions to investment accounts can help you leverage your earnings to produce additional income.

Find out whether your company gives 401(k) matching, which is effectively free money. Consider establishing a retirement or other investment account.

Changing your personal behavior is the first step toward improved money. Some of these adjustments will be more difficult than others, but if you stick with it, you’ll end up with amazing money management skills that will serve you for the rest of your life—and, in the meanwhile, you’ll have more money in your pocket.

  1. Reduce recurring expenses

Do you pay for services that you never use? It’s easy to overlook monthly subscriptions to streaming services and mobile applications that charge your bank account even if you don’t use them on a regular basis.

Examine your budget for costs like these, and think about canceling needless services to save extra money each month.

Conclusion

When we talk about finance saving and investing money then cryptocurrency or bitcoins are topics that cannot be left alone. Here’s a quick guide for you to understand the basics of Uniswap Cryptocurrency that could be your first step towards investing your money. There are often new New Zealand Personal finance blogs and useful websites popping up on the internet, so if we missed any, please let us know in the comments below so we can add them to our list. Thank you for your time!