Four Key Money Tips for Kiwi Women

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PROVIDED

Planning your financial roadmap is a great way to take control of your financial future.

According to experts, creating a financial roadmap is a key way for Kiwi women to start their financial journey.

Glenys Wilson, head of financial advice at Mercer, explains that creating a pathway to financial success for any woman in New Zealand involves four key considerations:

  • Set up your KiwiSaver in the right fund for your life stage
  • Organize your debt and consolidate if you can
  • Have an emergency fund
  • Have an investment account

In the latest episode of Stuff’s Sponsored Podcast Security of power money – moderated by Michèle A’Court – Wilson shares key learnings to help Kiwi women develop financial roadmaps for a better future and eliminate money anxiety.

Young financial mentor Latayvia Tualasea-Tautai – a child of intergenerational poverty – also talks about her journey from mere financial survival to prosperity – reflecting that 83% of people receive financial advice from their parents – causing disadvantage for many.

“‘My family never talked about money, other than running away from loan sharks,” she shared.

“So I think the opportunity to be able to want more for myself and for my community comes from all those sacrifices that my parents and my village went through so that I could go from survival mode to thriving.”

READ MORE:
* Become an involved girl
* Bringing the ‘F’ word into your relationship
* PODCAST: Why we need to make KiwiSaver our savior
* PMS: A new podcast redefining power, money, security

Tualasea-Tautai’s financial advice is to not be afraid of the bumps in the road.

  • Create a realistic budget that you can stick to
  • Save some for other things
  • Adjusting your lifestyle and expectations for a short time can help you reach your long-term savings goals

Listen now to find out how Latayvia manages its budget, why it has a special “personal care” account – and to hear practical advice from Mercer’s Glenys.

Latayvia Tualasea Tautai says adjusting your lifestyle and expectations for a short time can help achieve long-term savings goals.

PROVIDED

Latayvia Tualasea Tautai says adjusting your lifestyle and expectations for a short time can help achieve long-term savings goals.

Take control of your finances – with Power Money Security

Investing 101: In this episode, we break down the misconceptions and fears about investing. Simran Kaur from the popular Girls that Invest podcast and Kylie Willment from Mercer talk about investing through a female-only lens that will help you harness its power.

Getting Started – Money and Relationships In this episode, we discuss how to bring the “f” word back into your relationship. Guests including Angela Meyer, co-founder of Project Gender, and Sarah Whitelock, leader of Mercer Consumer Wealth, share concrete, thoughtful advice on how to talk about something that has been taboo for so many for so long. ..

Why we need to make KiwiSaver our Savior: Getting to grips with the basics of KiwiSaver is essential to our long-term financial well-being. In our episode, special guests Tracey Cross and Philippa Newlove of Women in Super, and Glenys Wilson, Chief Financial Advisor at Mercer, explain the key steps to taking control of what, for many Kiwi women, is our biggest investment.

Finance 101: In this PMS episode, co-founder of major fashion brand Twenty-seven names Anjali Burnett and retired commissioner Jane Wrightson share their most practical and easy-to-implement tips for understanding where you stand financially.

Security of power money is brought to you by The Table, where Kiwi women talk about money, sponsored by Mercer (NZ) Limited. See seatatthetable.co.nz for more information and tools to educate and empower women to get ahead in financial affairs.

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