Posts Tagged :

spending

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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Top tips to avoid over spending at Christmas

As we approach the silly season and our bank accounts begin to bear the brunt of it, Kiwis should aim to be careful shoppers and only spend what they can afford. We commissioned research which reveals nearly one in three New Zealanders put their Christmas and holiday spending on their credit card and are potentially facing a New Year hangover, saying they won’t pay the full bill before the due date (29%). CreditSimple.co.nz spokesperson Hazel Phillips said the holiday season was…

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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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Want to track your spending across multiple bank accounts?

There are 26 banks registered in New Zealand, at the Reserve Bank’s last count. While you’re unlikely to have accounts or credit / debit cards with every single one, many of us will have arrangements with at least two or three. And there is nothing wrong with that! We often find that the most suitable option for a home loan comes from a different source than our preferred credit card, while insurance may be with someone else entirely. That’s all…

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Scared of your finances? 5 ways to get control over your money without looking through your fingers

Money management can be a terrifying thing. Especially if you’ve got debt – seeing large sums go in and out of your bank account is enough to give anyone the willies, even if it’s ‘good’ debt (such as a home loan). But there are strategies you can use to cope, and to not only manage your money but actually overcome those ghosts of spending past. Here’s five we’ve rounded up. Know where your money is going. Knowledge is power, and…

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Using a credit card for everything? There are other ways to pay

Don’t believe you have to have a credit card. Paying interest sucks. It sucks the lifeblood out of your finances. That’s because unless you clear your entire bill within the interest free days, you pay interest. That interest means you’re paying as much as 22.95% more than your mates at the mainstream banks for the same things, which has a detrimental effect on your finances over time. Other (cheaper) ways to pay Thankfully there are way more credit-free ways to…

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Does loyalty pay? Here’s how to get the most out of loyalty programmes

“Call me loyal”, Dave Dobbyn once sang, and “I’ll say you’re loyal too”. (He also once sang “drink yourself more bliss,” which makes less sense, but we’ll set that aside for the moment.) Loyalty programmes are everywhere these days, and they’ve come a long way from Satan’s original “Eat one apple and get a free eternity of shame and feeling weird about nudity unless you’re Paul Henry” offer. From airlines and groceries to credit cards and even the humble cup…

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Has Cupid’s arrow struck? Don’t date your way into debt!

We know your new girlfriend or boyfriend wants to go out every Friday. Even two drinks each, some snacks and an Uber ride home could set you back $50. It’s dead easy to blow $100 if you throw food in as well. What’s more, dating can send your credit score south. Fast. Let’s say you spend $150 a week going out, $300 a couple of times a year on a weekend away, $200 on his/her birthday, and flowers or chocolates…

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Are you off your trolley? You could be, with our sneaky tricks to save money on your groceries

Are you off your trolley? You could be if your supermarket bill is creeping over $50 per person for a family. There are so many sneaky tricks to save money on food. You might even find that you’re healthier and happier when you buy more basic food. Don’t say it can’t be done. If your bill is out of control, try some of these tips. Budget. Start with a figure that you want to spend on food each week and…

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Why online shops don’t want you to give buying a minute’s thought (and what you can do to combat it)

Speed is everything for both online and real-world retailers. They know that every second, and every click, that comes between you and getting your mitts on that coveted widget equals lost sales for them – and money not spent by you. One industry term for it is ‘slippery’. From the second you see that must-have pair of pants online to the moment you realise that your bum looks no smaller than they did in the old ones, every step of…

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