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Credit Simple

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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In debt? Here are some red flags that you are in too much debt and what you can do.

Are you swimming in debt? Or even drowning? You’re not alone, thousands of Kiwis have that same feeling they are sinking financially. Debt has its uses and can be used to spread out large or unforeseen expenses. Being in debt all the time, however, isn’t okay and you need to use credit, not let it use you. But there is a way out. Debt can be whittled away one dollar at a time if you start today. So what is…

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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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Fatten up your finances with the Three Naughty Things rule
Increase your savings with these three tips.

Ever been on a diet? A really strict diet? Chances are, you went crazy about all the things you couldn’t have, felt way too restricted, and had a blowout with a tray of donuts and a one-litre tub of salted caramel gelato. (No? Oh… OK, just me then.) Your finances are a bit like a diet, only in reverse: if you succeed, your bank account is the thing that gets fat. But just like being on a diet, if you’re…

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Going from debt to building wealth: Your way to a richer future

There’s no magic in becoming financially fit. But Credit Simple’s Four Pillars of Wealth approach can help you get there. Going from debt to building wealth is easier than you might think. We guarantee there are people around you earning no more than you do who are well on their way to wealth. Here’s how to become one of them: Pillar one: spend less Do you know your needs from your wants? It’s only you who suffers if you’re not…

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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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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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