FIVE STEPS
How to manage your money in five steps
It’s never too early (or too late) to think about managing your money. Wherever you are on your financial journey, there are some key steps which you can take to get you on the right path to increase your financial health, wealth and wellbeing. We have identified five key steps you can take to start managing your money better. Every day during money week we will be releasing the next step which you can consider on your journey. At the end of the week we hope these tips have inspired you to take the first steps to make a difference with your money management.
One: What are your Goals
Release Date: 8 August 2022
Two: Protect what you have
Release Date: 9 August 2022
Three: Live within your means
Release Date: 10 August 2022
Four: Accumulate Wealth
Release Date: 11 August 2022
Five: Review your goals and Financial position every year
Release Date: 12 August 2022
Find an adviser
Search the Financial Advice Member Directory to find a quality financial adviser.
wondering
Have you been wondering…
The videos below provide tips on money matters that are topical for Kiwis at the moment. They discuss personal debt, buying property with friends and family, teaching kids about money and investing ethically.
Your Personal Debt
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Have you been wondering how to get rid of personal debt?
Buying property with friends & family
Watch video above
Have you been wondering how you can buy a house by going in with a friend or family member?
Teaching kids about money
Watch video above
Have you been wondering how to teach your kids about money?
Ethical investing
Watch video above
Have you been wondering how you could be more ethically conscious about your money?
What we do
We’re here to encourage New Zealanders to benefit from quality financial advice: to thrive and live the lives they aspire to.
Lofty? We don’t think so. You see, we know something that too few people do – which we intend to change. There’s a group of New Zealanders we represent – quality financial advisers – who regularly, every day even, help their clients reach their goals and create a better financial future.
Working with a financial adviser leads to better outcomes across all areas of advice; mortgage, insurance, investment and financial planning – and financial advisers are widely recognised as trusted professionals.
According to our research: Better Behaviours and Trust in Advice, Kiwis who get professional financial advice are more likely to feel happy with their financial position and better prepared for the future than those who don’t. They feel more confident in their financial decision making, in control, and clearer about their finances. They have contingencies in place to handle unexpected costs and know how to utilise their KiwiSaver to the best of their ability.
The most essential element of financial wellbeing is quality financial advice. By helping advisers do what they do best, and helping more New Zealanders access quality advice, together we’ll help New Zealand be financially better off.
Financial Advisers
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Investment Advisers
Insurance Advisers
FAQ
Frequently asked questions
What is financial advice?
Financial advice is advice provided by specialists in areas such as financial planning, insurance, investing or mortgages.
Why would I engage a financial adviser?
Financial advisers work with you to understand your goals and aspirations. They provide recommendations and advice relevant for your situation and ensure that you have the knowledge you need to help you make decisions at critical points in your life.
What different types of advice are available?
Financial advice covers insurance, investment, mortgages and financial planning. Advisers usually specialise in one particular area, so it’s important that you engage the right type of adviser for your needs. Financial planners help you to plan ahead and work out how to achieve your long-term financial goals.
When should I get financial advice?
You may like to consider getting financial advice when you are making important financial decisions, or when you are going through major changes in your life. You’ll have different priorities and requirements at depending on your stage in your life, so we have put together some resources to provide food for thought no matter where you are on your financial journey.
How do I know I can trust an adviser?
It’s reassuring to know that financial advisers are seen as trusted professionals by those who consulted them. According to Financial Advice NZ research over 90% of those surveyed who have used an adviser rated them as good or very good with regard to trustworthiness, and more than 85% were satisfied or very satisfied with the help they receive.
All financial advisers must comply with the Financial Advisers Act 2008, and they are monitored by the Financial Markets Authority to ensure they comply with their obligations. Financial Advice New Zealand encourage its members to join the CFP Mark Pathway Programme and gain the Trusted Adviser designation which demonstrates an additional level of training at a higher level has been achieved.
