There’s an unrecognised cash resource many of us don’t know we have.
And it can be used to get ahead on the mortgage, pay off consumer debts, or just buy the things we need to live a comfortable, modern life.
It’s your fourth week of annual leave, or for the fortunate, that fourth and fifth week.
Employment law says your boss must at least consider requests from employees to ‘‘cash up’’ their fourth week of annual leave.
If you are a good, productive employee, whose days at work are worth your salary, your employer should jump at the chance to get those five extra days of labour from you.
In return you get an extra cash injection into your life.
There are a lot of people doing it including many of our public servants.
Reports to Parliament show that in the past financial year, for example, 133 people from the Ministry of Primary Industries did it. So did 193 from the Ministry of Build your financial resilience
Pay off debts when the going is good Save an emergency fund to cash should they be made redundant.
As opposed to cashing the leave in and banking it, they are opting to ‘‘leave it in the till’’ just in case it’s needed.
Squireling away leave against a possible redundancy is not a bad idea in a labour market where generous redundancy packages are in terminal decline.
Whether or not you still have an income next month, the rent or mortgage still needs paying, and food still needs putting on the table.
If you aren’t too tired, you could try selling a week of annual leave back to your employer.