admin – Auckland Central Budgeting – Financial Mentors

“My expectation is that most people’s tax cuts will likely be swallowed by household bills”

admin — Wed, 31 Jul 2024 04:29:18 +0000

The Government’s long-awaited tax cuts are finally coming into effect but what impact will they have?

ACBC Financial Mentors believe it will “bring us back to where we were maybe six months ago.”

If people are able to benefit from the cut, Teresa White provides some quick advice:

Save and build up a cash buffer.
Pay down debt, get rid of it while you can.

Read more about the government tax cuts on the NZ Herald website.

Budget advisor cutbacks will drive communities deeper into poverty

admin — Tue, 02 Jul 2024 23:57:00 +0000

General Manager Teresa White discusses the impacts that funding cuts will have on New Zealanders on Radio Waatea as demand grows for budgeting assistance and financial mentoring.

Listen to the interview online on the challenge of finding urgent assistance with financial stress.

FinCap NZBA Financial Mentoring Training Resource

admin — Sat, 22 Jun 2024 03:26:00 +0000

Financial mentor and consumer rights advocate Teresa White discusses the essential role of budgeting services for New Zealanders as part of the FinCap NZBA Financial Mentoring Training Resource video on YouTube.

The video covers the basics of financial mentoring and lets key support service staff explain what financial mentors do and how they serve communities in need of assistance.

Consumer investigates: Debt collection from benefits – necessary, or deepening hardship?

admin — Fri, 17 May 2024 04:18:00 +0000

Rebecca Styles at Consumer investigates attachment orders and finds the total amount of debt waiting to be repaid is just over $154 million.

Tim, from Auckland Central Budgeting says “We see some egregious breaks of the law.”

Read the full article on the Consumer website.

Consumer advocates call for an immediate moratorium on attachment orders

admin — Wed, 02 Aug 2023 04:23:00 +0000

Community advocates including the Salvation Army and Child Poverty Action Group, and a raft of budgeting services sent a joint letter to the Government calling for an immediate moratorium on attachment orders against all benefits.

Listen to the interview online on the Waatea News website.

Stop Attachment Orders Against Benefits

admin — Mon, 31 Jul 2023 03:27:00 +0000

Attachment orders are used to collect debts from 20,000 beneficiaries a year and cause significant financial harm to individuals, their families and New Zealand society.

Community advocates sent a joint letter to the Government calling for an immediate moratorium on attachment orders against all benefits.

Read our appeal on the NZ Herald website: Why do we keep whacking poor people with mindless monetary punishments they can’t afford?

How side hustles can help you earn extra money

admin — Tue, 19 Jul 2022 18:13:11 +0000

Did you know you can earn up to $160 a week when on a benefit before it starts reducing, and even then it's only cents in the dollar depending on your benefit.

Increasing income is a great way to balance a budget!

Read this great article from Sorted to get some ideas on ways to create another revenue stream to help you balance your budget as living costs increase.

The issue with buy now, pay later schemes, according to a loan expert

admin — Wed, 13 Jul 2022 00:28:55 +0000

While buy now, pay later schemes can be handy tools when you can't quite afford a big-ticket item, one loan expert is worried that people who use them on a day-to-day basis aren't seeing it as debt.

Read the full story on Newshub and watch a video interview on the challenges of BNPL funding.