For many New Zealanders, the Covid-19 crisis has brought the uncertainty of their financial situation into the spotlight.
The Commission for Financial Capability (CCFC) survey conducted during the last two weeks of lockdown, showed how many New Zealanders’ finances are close to tipping point.
Read MoreWhen a marriage or de facto relationship breaks up financial matters often cause a lot of grief, especially when money is used as a weapon to hurt the other partner. People often think about the division of assets and custody of children, but debt floats our boat and we have investigated what happens when a Kiwi couple decides to set sail in different directions.
Read MoreEverything you need to know about whether you are eligible for the COVID-19 Income Relief Payment and how to access it.
Read MoreAs we all get back to work and some sense of normalcy after the uncertainty of the past few weeks, it’s time to look at how we will manage the aftereffects of Covid-19. If your business is struggling to make debt repayments right now, you may want to consider the business debt hibernation (BDH) scheme.
Read MoreEverybody and every organisation should have a budget and regularly review it, whether it’s a business, household, sports club, or the New Zealand Government. The Wellbeing Budget 2020: Rebuilding together was rapidly changed in response to COVID-19 and indicates further support for people who are the most vulnerable.
Read MoreWinter can be a stressful time financially for many families. Debtfix knows heating costs can eat into the budget, the kids have outgrown last year’s warm clothes and gumboots, and more time in the house drives up the power bill. Here are a few small changes you can make to your routine to keep your bank account afloat at this time of year.
Read MoreWhen New Zealand went into lockdown, people had to move fast. While sorting out their own home offices, Debtfix Navigators were quickly on-hand to help the Kiwi community through the stress of sorting their debt problems. Covid-19 has meant reduced incomes and even job losses, and Debtfix still finds positive solutions to financial problems.
Read MoreThere’s no easy way of saying it — the Covid-19 crisis has caused significant financial stress for many New Zealand households and will continue to do so for a long time to come.
Read MoreWhen dealing with an international pandemic, it’s not so easy to present a strategy one day and expect it to be perfect or the same the next day.
Covid-19 is a challenge for everyone, whether families are coping with children, people are dealing with fears of serious illness or those living on a tight budget are now bewildered about their financial future.
Read MoreThese are inevitably and unavoidably going to be difficult and challenging times for all businesses, from one-man bands through to large corporate organisations. The key to survival of any business will be dependent on many factors, but principally the decisive first steps and actions of management and owners in the early stages of the crisis.
Read MoreThe last 30 years have been an age of hyper consumption.
Instead of reusing objects, we became a throwaway society and the era of instant gratification has resulted in many people living beyond their means and inevitably getting into debt.
Read MoreWhile many New Zealanders were still swanning about on holiday, the Review of Retirement Income Policies submitted to the Minister of Commerce and Consumer Affairs went public.
Stop. Don’t hit the ESC button. This is important to everyone, whether you are in or out of debt.
Read MoreWith the silly season fast approaching, it’s time to start thinking about Christmas spends.
The allure of shopping centre baubles may send you into a spending frenzy but maxing your credit card at Christmas can saddle you with New Year debt that is hard to pay off.
Read MoreThink of debt like a beautifully kept car, with regular cleaning and maintenance it’ll remain shiny, reliable and functioning. But with a few months or years of neglect, it’ll become messy and at risk of a breakdown.
Read MoreDebtfix knows most people want to get ahead financially but it’s easy to get swept up in the feeling that you always need to buy the newest, most expensive things to keep up with The Jones.
Read MoreNobody wants to be swamped with debt, but many things affect a person’s financial stability and plenty of New Zealanders struggle to pay the bills.
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