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Smart Money Tips for Older Aucklanders This Money Month

August is Sorted Money Month — a nationwide campaign dedicated to helping New Zealanders boost their money skills and feel more confident about their financial future.
At Age Concern Auckland, we know that financial wellbeing plays a huge role in living well as we get older. Whether you’re on a fixed income, supporting whānau, or planning for the years ahead, small money moves can make a big difference.

Here are some practical tips to help you make the most of your money — starting today.

1. Build an Emergency Fund You Can Rely On

Those “rainy days” are often more like sudden storms — car repairs, vet bills, or unexpected health costs can hit without warning. Having an emergency fund means you won’t need to borrow in a hurry or dip into your KiwiSaver early.

  • Start small: Aim for $1,000 as a first goal, even if you save $5–$10 a week.
  • Make it automatic: Set up a small transfer into a separate high-interest savings account.
  • Use windfalls wisely: Put tax refunds, rebates, or unexpected gifts straight into your emergency fund.
    🔗 Sorted’s guide to emergency funds

2. Avoid Costly Credit Traps

Credit cards, payday loans, and Buy Now Pay Later can seem helpful in a pinch — but high interest and late fees can quickly snowball into long-term debt.

  • Compare interest rates before borrowing.
  • Consider safer lending options such as credit unions or community finance schemes.
  • If you’re already in debt, contact a free budgeting service before things spiral.
    🔗 Sorted’s guide to using credit wisely

3. Track Your Spending to Find “Money Leaks”

It’s easy for small expenses to add up — unused subscriptions, multiple streaming services, or a daily café coffee can eat into your budget.

  • Keep a simple spending diary for one month.
  • Use a free budgeting app or spreadsheet to spot patterns.
  • Cancel anything you no longer use or enjoy.

4. Review Your KiwiSaver Settings

If you’re still contributing to KiwiSaver, make sure your fund type matches your stage of life. Older members may prefer lower-risk funds to protect savings from big market swings, while others might choose balanced funds for moderate growth.

  • Check your fees — even small differences can add up over time.
  • Make sure you’re getting the Government contribution if eligible.
    🔗 Find your KiwiSaver settings

5. Shop Smarter for Everyday Essentials

With rising living costs, shopping smart is more important than ever.

  • Take advantage of seniors’ discounts at supermarkets, cinemas, and public transport.
  • Compare prices across stores or use grocery apps to track specials.
  • Avoid “multi-buy” deals that cost more than buying what you actually need.

6. Check for Benefits and Support You’re Entitled To

Many older Aucklanders miss out on help they’re eligible for — sometimes simply because they don’t know it exists.

  • Investigate NZ Super top-ups, the Rates Rebate Scheme, and power company discounts.
  • Ask Age Concern Auckland or Work and Income to help check your entitlements.

7. Plan Ahead for Big Annual Costs

Insurance premiums, car registration, and annual health expenses can cause financial stress if you haven’t set money aside.

  • Create a “sinking fund” — a separate savings account for predictable yearly costs.
  • Divide the annual total by 12 and set aside that amount each month.

Take the First Step This Week

You don’t need to tackle everything at once — even one small change can improve your financial security over time. During Sorted Money Month, take a moment to review your situation and make a plan that works for you.

For more tools and tips, visit Sorted.org.nz or contact Age Concern Auckland for advice and support tailored to older Aucklanders.

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Charity Name: Age Concern Auckland Trust
Registration Number: CC60750