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Credit Simple

Lotto balls in tubes
Eight ways to waste your money

We all throw money down the gurgler. But some Kiwis have far higher chances of getting a Darwin Award for stupidity by paying too much idiot tax than others. Technically ‘idiot tax’ is spending on Lotto. Your odds of winning Powerball in New Zealand are 1 in 38 million per line. Yet the same money invested in a KiwiSaver growth fund from the age of 25 to 65 would add up to $128,000 after tax. Stop wasting your hard-earned money…

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Back to school spending tips to kickstart 2019 the right way

With back to school fast approaching, kids and parents alike may begin to feel excited to start the new school year fresh. For parents, this excitement then subsides when faced with the multitude of items required to prepare kids for the new school year such as school uniforms and shoes, books, stationery and technology to name a few – families are often left feeling very overwhelmed by the expense. As an example, at the beginning of every school year, children…

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Got a Christmas debt hangover? We’ve got tips to help

The post-Christmas season can be a tough one, and our data shows Kiwis are more likely to let their credit bills languish unpaid at this time of the year compared to any other. If you’re anything like the average New Zealander, you’re probably feeling the effects of spending up large in the lead-up to the festive season and in the wake of Boxing Day sales. Usually around 6.4% of credit card accounts go past due without being paid, but in the January…

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How to turn your New Year’s resolutions into results!

For most of us, the New Year is a popular time to set personal goals and look back on the what we’ve achieved in the last 12 months. But with all the goodwill in the world, it can be hard to turn resolutions into results. People who study behaviour for a living reckon that for a resolution to actually work, it needs to tick five boxes. Happily, the five boxes spell “SMART,” making them not just easy to remember but…

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Identity fraud and what can happen

I’m not who you think I am. Sure, you probably don’t think of me at all, which is fine (I won’t judge you for it) but what surprised me is I’m not who I thought I was either. I got an email from an Aussie guy out of the blue asking me if I was investing in a ceramics factory in Thailand. A curious opening gambit, for sure, but having checked my portfolio and discussed matters with my business manager…

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Credit Simple in the media

You may have seen us on your TVs or screens recently – and it’s true, we’ve had a few media appearances recently! In case you missed it, why not check out the videos? David on The Cafe Our CEO, David speaks with Holly about Credit Simple’s money tracking tool – Money Simple. Credit Simple TV Commercial In just 30 seconds, learn what Credit Simple can do for you.

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7 steps to perfect credit card use

New Zealand’s collective credit card debt was nearing $7.2 billion in June this year. Your contribution to this growing national burden may be miniscule, but it probably doesn’t feel that way when your credit card bill thuds ominously onto the welcome mat. So, how can you avoid credit card debt in New Zealand? Many people believe using your credit card is always a bad idea. However, if you’re savvy and organised, paying on plastic doesn’t have to be the road…

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Are you signing away your privacy? Know your rights

Privacy is important, especially when it comes to your money. There are certain personal financial details Kiwis don’t want falling into the hands of hackers, or for that matter their partners, children, employers and others. Some things are just personal. Most reputable Kiwi organisations do their best to stay within laws such as the Privacy Act, Human Rights Act, and others. However there are a whole heap of ways they can breach your privacy. But first, you need to understand…

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Should you consolidate your debts? We weigh up the pros and cons

Debt in New Zealand has been slowly increasing over the past few decades, and household debt is higher than it’s ever been in 2018. If you have a lot of debt, you may be considering debt consolidation, which has its benefits – as long as you’re aware of the risks. Pros of consolidating your debt If you pursue debt consolidation, you’ll be able to combine all of your debts into one loan, giving you just one payment to make each…

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Have you ever felt too lazy to budget? (We may have the answer)

It’s a more common feeling than you might think. According to our recent survey, nearly one in 10 people say they don’t budget because they simply feel too lazy to. Beyond that, one-fifth started a budget but gave it up because they felt it was too difficult. That’s understandable – and it’s okay. But it doesn’t have to be the way things go. At Credit Simple, we speak to people every day who face the same issues – and that’s…

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